United Arab Emirates: Frozen Potato Market 2024

Frozen Potato Market Size in the United Arab Emirates

The frozen potato market in the United Arab Emirates rose notably to $X in 2021, increasing by 13% against the previous year. Overall, consumption enjoyed temperate growth. Frozen potato consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Frozen Potato Production in the United Arab Emirates

In value terms, frozen potato production surged to $X in 2021 estimated in export price. Over the period under review, production saw a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 66%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Frozen Potato Exports

Exports from the United Arab Emirates

In 2021, frozen potato exports from the United Arab Emirates contracted markedly to X tons, waning by -20.5% on the previous year's figure. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2017 when exports increased by 2,473% against the previous year. The exports peaked at X tons in 2020, and then contracted notably in the following year.

In value terms, frozen potato exports reduced to $X in 2021. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 1,908% against the previous year. The exports peaked at $X in 2020, and then contracted in the following year.

Exports by Country

Oman (X tons) was the main destination for frozen potato exports from the United Arab Emirates, accounting for a 85% share of total exports. Moreover, frozen potato exports to Oman exceeded the volume sent to the second major destination, Malaysia (X tons), more than tenfold. The third position in this ranking was held by Bahrain (X tons), with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume to Oman totaled +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+23.9% per year) and Bahrain (+18.0% per year).

In value terms, Oman ($X) remains the key foreign market for frozen potatoes exports from the United Arab Emirates, comprising 84% of total exports. The second position in the ranking was held by Bahrain ($X), with a 2% share of total exports. It was followed by Kuwait, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman totaled +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+20.4% per year) and Kuwait (+45.1% per year).

Export Prices by Country

In 2021, the average frozen potato export price amounted to $X per ton, picking up by 7.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 27%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Tanzania ($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 Bahrain (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Potato Imports

Imports into the United Arab Emirates

In 2021, supplies from abroad of frozen potatoes decreased by -6% to X tons for the first time since 2015, thus ending a five-year rising trend. In general, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2016 with an increase of 18%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, frozen potato imports reached $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 17%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Egypt (X tons) were the main suppliers of frozen potato imports to the United Arab Emirates, with a combined 82% share of total imports. Germany, Canada, France, the United States and Lebanon lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +30.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen potato suppliers to the United Arab Emirates were the Netherlands ($X), Egypt ($X) and Belgium ($X), with a combined 82% share of total imports. Canada, Germany, France, the United States and Lebanon lagged somewhat behind, together comprising a further 16%.

In terms of the main suppliers, Canada, with a CAGR of +22.4%, recorded the highest rates of growth with regard to 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 frozen potato import price stood at $X per ton in 2021, picking up by 8.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.6%. The pace of growth appeared the most rapid in 2013 an increase of 71% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Lebanon ($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 (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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