South-Eastern Asia: Frozen Potato Market 2024

Frozen Potato Market Size in South-Eastern Asia

In 2021, the Southeast Asian frozen potato market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Frozen Potato Production in South-Eastern Asia

In value terms, frozen potato production rose to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 14%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Frozen Potato Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of frozen potatoes decreased by -9.7% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 91% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, frozen potato exports fell to $X in 2021. Over the period under review, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 46%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) and Malaysia (X tons) prevails in exports structure, together committing 81% of total exports. It was distantly followed by Indonesia (X tons) and Thailand (X tons), together mixing up a 16% share of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +34.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen potato supplying countries in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and Thailand ($X), together comprising 89% of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of +22.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, approximately equating the previous year. Overall, the export price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2015 an increase of 12% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.4%), while the other leaders experienced a decline in the export price figures.

Frozen Potato Imports

Imports in South-Eastern Asia

In 2021, frozen potato imports in South-Eastern Asia skyrocketed to X tons, jumping by 27% against the previous year's figure. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 27%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, frozen potato imports skyrocketed to $X in 2021. Overall, imports recorded a strong increase. The pace of growth was the most pronounced in 2016 when imports increased by 27% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Malaysia (X tons) and the Philippines (X tons) represented roughly 57% of total imports in 2021. It was distantly followed by Indonesia (X tons), Thailand (X tons), Singapore (X tons) and Vietnam (X tons), together comprising a 41% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +24.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen potato importing markets in South-Eastern Asia were the Philippines ($X), Malaysia ($X) and Indonesia ($X), together accounting for 72% of total imports. These countries were followed by Thailand, Singapore and Vietnam, which together accounted for a further 27%.

In terms of the main importing countries, Vietnam, with a CAGR of +26.6%, 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 import price in South-Eastern Asia stood at $X per ton in 2021, declining by -3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 7.9%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Philippines ($X per ton) and Indonesia ($X per ton), while Malaysia ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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