Philippines: Frozen Boiled Potatoes Market 2022

Frozen Boiled Potatoes Market Size in the Philippines

The Philippine frozen boiled potatoes market expanded remarkably to $X in 2020, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a significant expansion. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Frozen boiled potatoes consumption peaked at $X in 2009; however, from 2010 to 2020, consumption stood at a somewhat lower figure.

Frozen Boiled Potatoes Exports

Exports from the Philippines

For the third year in a row, the Philippines recorded growth in shipments abroad of frozen boiled potatoes, which increased by X% to X tons in 2020. Overall, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. As a result, exports attained the peak of X tons. from 2013 to 2020, the growth exports failed to regain the momentum.

In value terms, frozen boiled potatoes exports surged to $X in 2020. In general, exports posted a resilient expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons) was the main destination for frozen boiled potatoes exports from the Philippines, accounting for a X% share of total exports. Moreover, frozen boiled potatoes exports to Kuwait exceeded the volume sent to the second major destination, Saudi Arabia (X tons), sevenfold.

From 2007 to 2020, the average annual growth rate of volume to Kuwait stood at +X%.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for frozen boiled potatoes exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by Kuwait ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Saudi Arabia was relatively modest.

Export Prices by Country

In 2020, the average frozen boiled potatoes export price amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the export price, however, showed a modest increase. The growth pace was the most rapid in 2009 an increase of X% against the previous year. The export price peaked at $X per ton in 2010; however, from 2011 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Kuwait totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia.

Frozen Boiled Potatoes Imports

Imports into the Philippines

In 2020, approx. X tons of frozen boiled potatoes were imported into the Philippines; dropping by -X% on the previous year's figure. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Imports peaked at X tons in 2009; however, from 2010 to 2020, imports remained at a lower figure.

In value terms, frozen boiled potatoes imports soared to $X in 2020. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Belgium (X tons) and Canada (X tons) were the main suppliers of frozen boiled potatoes imports to the Philippines, together accounting for X% of total imports. The U.S., South Korea and the Netherlands lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in South Korea (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen boiled potatoes suppliers to the Philippines were China ($X), Belgium ($X) and the U.S. ($X), with a combined X% share of total imports. These countries were followed by Canada, the Netherlands and South Korea, which together accounted for a further X terms of the main suppliers, South Korea (+X% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen boiled potatoes import price stood at $X per ton in 2020, rising by X% against the previous year. Overall, import price indicated tangible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked in 2020 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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