Scandinavia: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Scandinavia

The Scandinavia preserved frozen potato market soared to $X in 2021, increasing by 17% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Preserved Frozen Potato Production in Scandinavia

In value terms, preserved frozen potato production rose notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 55% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Preserved Frozen Potato Exports

Exports in Scandinavia

In 2021, approx. X tons of frozen potatoes prepared or preserved were exported in Scandinavia; dropping by -5.2% compared with the previous year. Overall, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2017 when exports increased by 43%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, preserved frozen potato exports reached $X in 2021. Over the period under review, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark was the key exporter of frozen potatoes prepared or preserved in Scandinavia, with the volume of exports resulting at X tons, which was approx. 85% of total exports in 2021. It was distantly followed by Sweden (X tons), achieving a 12% share of total exports. Finland (X tons) held a relatively small share of total exports.

Exports from Denmark decreased at an average annual rate of -5.0% from 2012 to 2021. At the same time, Finland (+3.2%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +3.2% from 2012-2021. By contrast, Sweden (-4.1%) illustrated a downward trend over the same period. While the share of Denmark (-2.1 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest preserved frozen potato supplier in Scandinavia, comprising 76% of total exports. The second position in the ranking was taken by Sweden ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Denmark totaled -1.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (-5.0% per year) and Finland (+4.0% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, increasing by 5.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2013 when the export price increased by 23%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.6%), while the other leaders experienced mixed trends in the export price figures.

Preserved Frozen Potato Imports

Imports in Scandinavia

Preserved frozen potato imports rose remarkably to X tons in 2021, growing by 12% compared with the previous year. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved frozen potato imports surged to $X in 2021. The total import value increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) and Denmark (X tons) represented the major importers of frozen potatoes prepared or preserved in Scandinavia, together making up 80% of total imports. It was distantly followed by Finland (X tons), comprising a 17% share of total imports. Iceland (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iceland (with a CAGR of +6.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 97% of total imports. These countries were followed by Iceland, which accounted for a further 2.7%.

Among the main importing countries, Iceland, with a CAGR of +5.7%, recorded the highest rates of growth with regard to 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 import price in Scandinavia stood at $X per ton in 2021, rising by 5.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2013 an increase of 11%. Over the period under review, import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Denmark ($X per ton) and Finland ($X per ton), while Iceland ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform