Report Update Nov 1, 2024

Venezuela - Frozen Potatoes - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Frozen Potato Market 2024

Frozen Potato Market Size in Venezuela

For the third consecutive year, the Venezuelan frozen potato market recorded growth in sales value, which increased by 506% to $X in 2021. In general, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Frozen Potato Exports

Exports from Venezuela

In 2019, the amount of frozen potatoes exported from Venezuela amounted to X tons, approximately equating 2018. Over the period under review, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 105% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2019, the growth of the exports remained at a lower figure.

In value terms, frozen potato exports amounted to $X in 2019. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 36% against the previous year. Over the period under review, the exports attained the peak figure in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for frozen potato exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Belgium was relatively modest.

From 2012 to 2019, the average annual growth rate of value to Belgium was relatively modest.

Export Prices by Country

In 2019, the average frozen potato export price amounted to $X per ton, stabilizing at the previous year. In general, the export price saw resilient growth. The most prominent rate of growth was recorded in 2013 when the average export price decreased by -33.8% against the previous year. Over the period under review, the average export prices hit record highs in 2019 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2012 to 2019, the rate of growth in terms of prices for Bahrain amounted to 0.0% per year.

Frozen Potato Imports

Imports into Venezuela

In 2021, imports of frozen potatoes into Venezuela soared to X tons, with an increase of 505% on the previous year's figure. In general, imports, however, faced a deep reduction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen potato imports soared to $X in 2021. Overall, imports, however, faced a abrupt slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Canada (X tons) were the main suppliers of frozen potato imports to Venezuela, together comprising 38% of total imports. These countries were followed by Germany, Colombia, Argentina, the UK and the United States, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +23.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen potato suppliers to Venezuela were the Netherlands ($X), Belgium ($X) and Canada ($X), together accounting for 37% of total imports. These countries were followed by the UK, Colombia, Germany, Argentina and the United States, which together accounted for a further 23%.

The UK, with a CAGR of +21.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average frozen potato import price amounted to $X per ton, approximately reflecting the previous year. In general, the import price, however, showed a noticeable decline. The growth pace was the most rapid in 2013 an increase of 11% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen potatoes in the world?

China constituted the country with the largest volume of frozen potato consumption, comprising approx. 25% of total volume. Moreover, frozen potato consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9.3% share.

What are the largest producers of frozen potatoes in the world?

China constituted the country with the largest volume of frozen potato production, accounting for 25% of total volume. Moreover, frozen potato production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Belgium, with a 10% share.

What are the leading suppliers of frozen potatoes to Venezuela?

In value terms, the largest frozen potato suppliers to Venezuela were Canada, the UK and Argentina, together comprising 58% of total imports. These countries were followed by Colombia, the Netherlands, Germany and Belgium, which together accounted for a further 34%.

What is the average export price for frozen potatoes in Venezuela?

The average frozen potato export price stood at $1,768 per ton in 2019, therefore, remained relatively stable against the previous year.

What is the average import price for frozen potatoes in Venezuela?

The average frozen potato import price stood at $789 per ton in 2020, shrinking by -4.9% against the previous year.

This report provides an in-depth analysis of the frozen potato market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10311110 - Frozen potatoes, uncooked or cooked by steaming or boiling in water
Prodcom 10311130 - Frozen potatoes, prepared or preserved (including potatoes cooked or partly cooked in oil and then frozen, excluding by vinegar or acetic acid)

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023