Thailand: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Thailand

The Thai preserved frozen potato market contracted to $X in 2021, declining by -7.9% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Preserved Frozen Potato Production in Thailand

In value terms, preserved frozen potato production dropped to $X in 2021 estimated in export price. Overall, production recorded a pronounced decline. The pace of growth was the most pronounced in 2018 with an increase of 16%. Preserved frozen potato production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Preserved Frozen Potato Exports

Exports from Thailand

In 2021, shipments abroad of frozen potatoes prepared or preserved decreased by -38.3% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 433% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, preserved frozen potato exports contracted dramatically to $X in 2021. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 521%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for preserved frozen potato exports from Thailand, with a 71% share of total exports. Moreover, preserved frozen potato exports to Japan exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan stood at +32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+39.0% per year) and Cambodia (+233.2% per year).

In value terms, Japan ($X) remains the key foreign market for frozen potatoes prepared or preserved exports from Thailand, comprising 81% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+23.8% per year) and Cambodia (+236.4% per year).

Export Prices by Country

In 2021, the average preserved frozen potato export price amounted to $X per ton, with an increase of 13% against the previous year. Overall, the export price, however, showed a deep downturn. The pace of growth appeared the most rapid in 2020 an increase of 25% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Cambodia ($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 Cambodia (+0.8%), while the prices for the other major destinations experienced a decline.

Preserved Frozen Potato Imports

Imports into Thailand

After three years of growth, overseas purchases of frozen potatoes prepared or preserved decreased by -14.6% to X tons in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% 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 2015 when imports increased by 30%. Over the period under review, imports attained the peak figure at X tons in 2020, and then contracted in the following year.

In value terms, preserved frozen potato imports fell sharply to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 23%. Over the period under review, imports hit record highs at $X in 2020, and then dropped notably in the following year.

Imports by Country

India (X tons), the Netherlands (X tons) and the United States (X tons) were the main suppliers of preserved frozen potato imports to Thailand, together comprising 76% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +115.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved frozen potato suppliers to Thailand were India ($X), the Netherlands ($X) and the United States ($X), together accounting for 73% of total imports.

India, with a CAGR of +90.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average preserved frozen potato import price amounted to $X per ton, reducing by -3.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 9.3%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were the United States ($X per ton) and New Zealand ($X per ton), while the price for India ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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