South-Eastern Asia: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in South-Eastern Asia

The Southeast Asian preserved frozen potato market shrank slightly to $X in 2021, falling by -3.7% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Preserved Frozen Potato Production in South-Eastern Asia

In value terms, preserved frozen potato production shrank to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible descent. The most prominent rate of growth was recorded in 2020 when the production volume increased by 16%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Preserved Frozen Potato Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of frozen potatoes prepared or preserved decreased by -20.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 272% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved frozen potato exports fell significantly to $X in 2021. Overall, exports, however, showed resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 99%. 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 represented the main exporting country with an export of about X tons, which resulted at 67% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 19% share, followed by Thailand (10%). Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to preserved frozen potato exports from Vietnam stood at +22.1%. At the same time, Thailand (+33.2%) and Malaysia (+3.9%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +33.2% from 2012-2021. By contrast, Singapore (-3.7%) illustrated a downward trend over the same period. Vietnam (+32 p.p.) and Thailand (+7.8 p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Malaysia saw its share reduced by -13.3% and -22.7% from 2012 to 2021, respectively.

In value terms, the largest preserved frozen potato supplying countries in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), together comprising 97% of total exports.

Among the main exporting countries, Vietnam, with a CAGR of +23.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, rising by 6.5% against the previous year. In general, the export price, however, continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2015 an increase of 43%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices remained at a lower figure.

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

Preserved Frozen Potato Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of frozen potatoes prepared or preserved were imported in South-Eastern Asia; surging by 14% compared with the year before. In general, imports posted a resilient expansion. The pace of growth was the most pronounced in 2016 when imports increased by 23%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved frozen potato imports rose markedly to $X in 2021. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 25% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The Philippines (X tons), Malaysia (X tons), Indonesia (X tons), Thailand (X tons) and Singapore (X tons) represented roughly 93% of total imports in 2021. It was distantly followed by Vietnam (X tons), mixing up a 6% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading 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 Philippines ($X), Malaysia ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2021, together comprising 68% of total imports. These countries were followed by Thailand, Singapore and Vietnam, which together accounted for a further 30%.

Vietnam, with a CAGR of +27.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, standing approx. at the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 8.2%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Singapore ($X per ton) and the Philippines ($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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