Turkey: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Turkey

The Turkish preserved frozen potato market surged to $X in 2021, picking up by 23% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Preserved Frozen Potato Production in Turkey

In value terms, preserved frozen potato production soared to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 28% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Preserved Frozen Potato Exports

Exports from Turkey

In 2021, exports of frozen potatoes prepared or preserved from Turkey skyrocketed to X tons, rising by 18% on 2020. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 943% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, preserved frozen potato exports expanded notably to $X in 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 803% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Iraq (X tons), Brazil (X tons) and China (X tons) were the main destinations of preserved frozen potato exports from Turkey, with a combined 84% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +190.7%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Iraq ($X) and Brazil ($X) were the largest markets for preserved frozen potato exported from Turkey worldwide, together accounting for 83% of total exports.

In terms of the main countries of destination, China, with a CAGR of +192.9%, recorded the highest rates of growth with regard to 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

In 2021, the average preserved frozen potato export price amounted to $X per ton, dropping by -7.2% against the previous year. Over the period under review, the export price continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2019 an increase of 13% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Iraq ($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 China (+0.8%), while the prices for the other major destinations experienced a decline.

Preserved Frozen Potato Imports

Imports into Turkey

In 2021, approx. X tons of frozen potatoes prepared or preserved were imported into Turkey; growing by 66% compared with the previous year. Over the period under review, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 268%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved frozen potato imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 185% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Iran (X tons) constituted the largest preserved frozen potato supplier to Turkey, accounting for a 79% share of total imports. Moreover, preserved frozen potato imports from Iran exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), eightfold. The third position in this ranking was held by Iraq (X tons), with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from Iran stood at +114.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-8.5% per year) and Iraq (+30.8% per year).

In value terms, the largest preserved frozen potato suppliers to Turkey were the Netherlands ($X), Iran ($X) and Iraq ($X), with a combined 82% share of total imports.

Among the main suppliers, Iran, with a CAGR of +65.9%, 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 preserved frozen potato import price stood at $X per ton in 2021, jumping by 27% against the previous year. In general, the import price, however, recorded a abrupt shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, 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 the Netherlands ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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