Portugal: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Portugal

The Portuguese preserved frozen potato market amounted to $X in 2021, flattening at the previous year. Overall, consumption showed a relatively flat trend pattern. Preserved frozen potato consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Preserved Frozen Potato Production in Portugal

In value terms, preserved frozen potato production shrank remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 128%. Over the period under review, production reached the peak level at $X in 2020, and then fell markedly in the following year.

Preserved Frozen Potato Exports

Exports from Portugal

In 2021, exports of frozen potatoes prepared or preserved from Portugal dropped remarkably to X tons, shrinking by -37.9% on 2020 figures. Over the period under review, exports, however, recorded notable growth. The growth pace was the most rapid in 2019 with an increase of 169%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved frozen potato exports contracted sharply to $X in 2021. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 184%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for preserved frozen potato exports from Portugal, accounting for a 45% share of total exports. Moreover, preserved frozen potato exports to the UK exceeded the volume sent to the second major destination, Angola (X tons), threefold. Belgium (X tons) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +197.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+4.8% per year) and Belgium (+76.7% per year).

In value terms, the UK ($X) remains the key foreign market for frozen potatoes prepared or preserved exports from Portugal, comprising 46% of total exports. The second position in the ranking was held by Angola ($X), with a 13% share of total exports. It was followed by Belgium, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +170.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+3.6% per year) and Belgium (+89.5% per year).

Export Prices by Country

In 2021, the average preserved frozen potato export price amounted to $X per ton, with an increase of 8.9% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +10.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved frozen potato export price increased by +42.9% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 32%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Aruba ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Frozen Potato Imports

Imports into Portugal

In 2021, after two years of decline, there was significant growth in purchases abroad of frozen potatoes prepared or preserved, when their volume increased by 15% to X tons. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, preserved frozen potato imports surged to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 20%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of preserved frozen potato imports to Portugal, with a combined 91% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +5.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved frozen potato suppliers to Portugal were Belgium ($X), France ($X) and the Netherlands ($X), with a combined 88% share of total imports.

The Netherlands, with a CAGR of +6.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved frozen potato import price stood at $X per ton in 2021, approximately equating the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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