Uruguay: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Uruguay

The Uruguayan preserved frozen potato market totaled $X in 2021, surging by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Preserved frozen potato consumption peaked in 2021 and is expected to retain growth in the immediate term.

Preserved Frozen Potato Exports

Exports from Uruguay

In 2021, shipments abroad of frozen potatoes prepared or preserved decreased by -42.7% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 99.9%. 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 reduced notably to $X in 2021. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 99% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X tons) was the main destination for preserved frozen potato exports from Uruguay, with a 99% share of total exports. It was followed by the UK (X kg), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Chile totaled +23.8%.

In value terms, Chile ($X) remains the key foreign market for frozen potatoes prepared or preserved exports from Uruguay, comprising 98% of total exports. The second position in the ranking was taken by the UK ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Chile stood at +24.6%.

Export Prices by Country

In 2021, the average preserved frozen potato export price amounted to $X per ton, with an increase of 8.4% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 59%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Chile totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Frozen Potato Imports

Imports into Uruguay

In 2021, approx. X tons of frozen potatoes prepared or preserved were imported into Uruguay; surging by 11% on the previous year. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% 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 +78.6% against 2013 indices. The growth pace was the most rapid in 2014 with an increase of 25% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, preserved frozen potato imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 18%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Argentina (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of preserved frozen potato imports to Uruguay, together comprising 60% of total imports. Brazil, France and Germany lagged somewhat behind, together accounting for a further 8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +672.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) constituted the largest supplier of frozen potatoes prepared or preserved to Uruguay, comprising 32% of total imports. The second position in the ranking was held by Belgium ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Argentina amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+12.3% per year) and the Netherlands (-8.1% per year).

Import Prices by Country

The average preserved frozen potato import price stood at $X per ton in 2021, approximately reflecting the previous year. Overall, the import price, however, showed a slight descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 18%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average 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 Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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