Spain: Frozen Potato Market 2024

Frozen Potato Market Size in Spain

The Spanish frozen potato market soared to $X in 2021, jumping by 20% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Frozen Potato Production in Spain

In value terms, frozen potato production fell notably to $X in 2021 estimated in export price. Over the period under review, production faced a abrupt slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by 25% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Frozen Potato Exports

Exports from Spain

In 2021, the amount of frozen potatoes exported from Spain expanded rapidly to X tons, increasing by 11% against the previous year. In general, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -2.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 66%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen potato exports rose significantly to $X in 2021. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -11.7% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 51%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Portugal (X tons) and France (X tons) were the main destinations of frozen potato exports from Spain, with a combined 60% share of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +21.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen potato exported from Spain were Portugal ($X), France ($X) and Germany ($X), together comprising 60% of total exports.

France, with a CAGR of +20.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average frozen potato export price amounted to $X per ton, leveling off at the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 34%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Andorra ($X per ton), while the average price for exports to Poland ($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 Belgium (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Potato Imports

Imports into Spain

In 2021, after two years of decline, there was significant growth in purchases abroad of frozen potatoes, when their volume increased by 24% to X tons. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 33% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, frozen potato imports soared to $X in 2021. In general, imports recorded a slight increase. Imports peaked at $X in 2019; however, from 2020 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 frozen potato imports to Spain, with a combined 97% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +8.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen potato suppliers to Spain were Belgium ($X), France ($X) and the Netherlands ($X), together accounting for 97% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +8.5%, saw 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 potato import price stood at $X per ton in 2021, which is down by -3.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 34%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Germany ($X per ton), while the price for France ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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