U.S.: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in the U.S.

In 2021, the U.S. preserved frozen potato market increased by 2.6% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +3.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Preserved Frozen Potato Production in the U.S.

In value terms, preserved frozen potato production amounted 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 only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by 21% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2021.

Preserved Frozen Potato Exports

Exports from the U.S.

In 2021, preserved frozen potato exports from the United States skyrocketed to X tons, growing by 17% compared with 2020. The total export volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, preserved 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 somewhat noticeable fluctuations in certain years. The exports peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports by Country

Mexico (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of preserved frozen potato exports from the United States, with a combined 57% 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 Mexico (with a CAGR of +12.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved frozen potato exported from the United States were Mexico ($X), Japan ($X) and South Korea ($X), together accounting for 55% of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of +13.0%, saw the highest growth rate of 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

The average preserved frozen potato export price stood at $X per ton in 2021, approximately reflecting the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 2.3% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; afterwards, it flattened through to 2021.

Average prices varied somewhat for the major external markets. In 2021, 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.

Preserved Frozen Potato Imports

Imports into the U.S.

In 2021, the amount of frozen potatoes prepared or preserved imported into the United States was estimated at X tons, increasing by 14% against 2020. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% 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 +63.4% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved frozen potato imports surged to $X in 2021. In general, total imports indicated a prominent expansion 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. Based on 2021 figures, imports increased by +71.9% against 2015 indices. As a result, imports reached 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 preserved frozen potato to the United States, with a 86% share of total imports. Moreover, preserved 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 totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+67.5% per year) and the Netherlands (+9.8% per year).

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

From 2012 to 2021, the average annual growth rate of value from Canada stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+63.0% per year) and the Netherlands (+11.1% per year).

Import Prices by Country

The average preserved frozen potato import price stood at $X per ton in 2021, increasing by 6.8% against the previous year. In general, the import price continues to indicate 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, 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 (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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