Spain: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Spain

The Spanish preserved frozen potato market skyrocketed to $X in 2021, jumping by 25% against the previous year. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Preserved Frozen Potato Production in Spain

In value terms, preserved frozen potato production dropped notably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2013 with a decrease of -3.2% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Preserved Frozen Potato Exports

Exports from Spain

In 2021, overseas shipments of frozen potatoes prepared or preserved were finally on the rise to reach X tons after two years of decline. In general, total exports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 53%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved frozen potato exports surged to $X in 2021. Over the period under review, total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 62%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Portugal (X tons), Morocco (X tons) and Andorra (X tons) were the main destinations of preserved frozen potato exports from Spain, together comprising 79% of total exports. The Netherlands, Gibraltar, France and the UK lagged somewhat behind, together accounting for a further 7.9%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +29.2%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) remains the key foreign market for frozen potatoes prepared or preserved exports from Spain, comprising 44% of total exports. The second position in the ranking was taken by Morocco ($X), with an 18% share of total exports. It was followed by Andorra, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+17.8% per year) and Andorra (+1.0% per year).

Export Prices by Country

In 2021, the average preserved frozen potato export price amounted to $X per ton, falling by -11.5% against the previous year. Over the period under review, the export price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by 33%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Morocco ($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 Morocco (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Frozen Potato Imports

Imports into Spain

In 2021, the amount of frozen potatoes prepared or preserved imported into Spain surged to X tons, growing by 24% compared with the previous year's figure. Overall, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 30%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved frozen potato imports skyrocketed to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.3% against 2019 indices. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest preserved frozen potato supplier to Spain, with a 63% share of total imports. Moreover, preserved frozen potato imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by France (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-1.1% per year) and France (-0.9% per year).

In value terms, Belgium ($X) constituted the largest supplier of frozen potatoes prepared or preserved to Spain, comprising 54% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 22% share of total imports. It was followed by France, with a 20% share.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+0.3% per year) and France (+12.0% per year).

Import Prices by Country

In 2021, the average preserved frozen potato import price amounted to $X per ton, growing by 2.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2016 an increase of 50% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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