U.S.: Frozen Potato Market 2024

Frozen Potato Market Size in the U.S.

The U.S. frozen potato market skyrocketed to $X in 2021, jumping by 15% against the previous year. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Frozen potato consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Frozen Potato Production in the U.S.

In value terms, frozen potato production rose sharply to $X in 2021. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22% against the previous year. Frozen potato production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Frozen Potato Exports

Exports from the U.S.

Frozen potato exports from the United States skyrocketed to X tons in 2021, picking up by 16% compared with 2020 figures. The total export volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The exports peaked at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, frozen potato exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of frozen potato exports from the United States, together accounting for 58% 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 Mexico (with a CAGR of +12.2%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Japan ($X) and South Korea ($X) constituted the largest markets for frozen potato exported from the United States worldwide, together comprising 56% of total exports.

Among the main countries of destination, Mexico, with a CAGR of +12.9%, saw 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 frozen potato export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 2.1% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Singapore ($X per ton) and South Korea ($X per ton), while the average price for exports to China ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Potato Imports

Imports into the U.S.

Frozen potato imports into the United States expanded notably to X tons in 2021, with an increase of 14% compared with the previous year's figure. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.6% 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 increased by +63.4% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen potato imports surged to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.5% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of frozen potato to the United States, with a 86% share of total imports. Moreover, frozen potato imports from Canada exceeded the figures recorded by the second-largest supplier, Belgium (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from Canada amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+66.8% per year) and the Netherlands (+9.6% per year).

In value terms, Canada ($X) constituted the largest supplier of frozen potatoes to the United States, comprising 88% of total imports. The second position in the ranking was taken by Belgium ($X), with a 7.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+62.5% per year) and the Netherlands (+10.7% per year).

Import Prices by Country

In 2021, the average frozen potato import price amounted to $X per ton, growing by 6.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :