U.S. - Frozen Potatoes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Potato Price in the United States - 2023
Contents:
- Frozen Potato Price in the United States (CIF) - 2023
- Frozen Potato Price in the United States (FOB) - 2023
- Frozen Potato Imports in the United States
- Frozen Potato Exports in the United States
Frozen Potato Price in the United States (CIF) - 2023
In August 2023, the average frozen potato import price amounted to $1,382 per ton, increasing by 4% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.1%. Over the period under review, average import prices reached the peak figure at $1,402 per ton in May 2023; afterwards, it flattened through to August 2023.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($1,481 per ton), while the price for Canada ($1,354 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Potato Price in the United States (FOB) - 2023
In August 2023, the average frozen potato export price amounted to $1,653 per ton, waning by -1.7% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 11% against the previous month. As a result, the export price reached the peak level of $1,685 per ton; afterwards, it flattened through to August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($1,857 per ton), while the average price for exports to China ($1,107 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Potato Imports in the United States
For the fourth consecutive year, the United States recorded growth in supplies from abroad of frozen potatoes, which increased by 12% to 1.4M tons in 2022. The total import volume increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, frozen potato imports skyrocketed to $1.6B in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Potato in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 907 | 927 | 1,145 | 1,402 | 15.6% |
| Belgium | 59.1 | 88.2 | 100 | 150 | 36.4% |
| Netherlands | 27.9 | 30.6 | 31.5 | 39.2 | 12.0% |
| Others | 14.8 | 20.1 | 28.8 | 44.4 | 44.2% |
| Total | 1,008 | 1,066 | 1,305 | 1,636 | 17.5% |
Top Suppliers of Frozen Potato to the United States in 2022:
- Canada (1168.6K tons)
- Belgium (142.8K tons)
- Netherlands (36.1K tons)
Frozen Potato Exports in the United States
Frozen potato exports from the United States contracted to 1M tons in 2022, falling by -2.5% on 2021 figures. Overall, exports recorded a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of 16%.
In value terms, frozen potato exports expanded significantly to $1.4B in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 16%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Frozen Potato in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 307 | 284 | 286 | 330 | 2.4% |
| Mexico | 156 | 164 | 291 | 298 | 24.1% |
| South Korea | 109 | 109 | 102 | 125 | 4.7% |
| Philippines | 89.5 | 43.7 | 64.5 | 83.2 | -2.4% |
| Canada | 83.4 | 61.7 | 69.9 | 77.0 | -2.6% |
| Taiwan (Chinese) | 60.9 | 61.1 | 58.7 | 69.0 | 4.3% |
| Malaysia | 52.8 | 42.2 | 51.5 | 66.0 | 7.7% |
| Guatemala | 30.8 | 26.0 | 34.9 | 49.3 | 17.0% |
| Saudi Arabia | 50.6 | 28.2 | 27.8 | 44.4 | -4.3% |
| Singapore | 32.8 | 26.8 | 30.2 | 39.4 | 6.3% |
| Hong Kong SAR | 35.8 | 28.3 | 30.5 | 35.4 | -0.4% |
| China | 82.5 | 55.4 | 36.6 | 21.1 | -36.5% |
| Others | 186 | 114 | 125 | 141 | -8.8% |
| Total | 1,277 | 1,044 | 1,209 | 1,380 | 2.6% |
Top Export Markets for Frozen Potato from the United States in 2022:
- Japan (272.1K tons)
- Mexico (234.4K tons)
- South Korea (86.0K tons)
- Canada (59.3K tons)
- Philippines (58.5K tons)
- Taiwan (Chinese) (44.9K tons)
- Malaysia (44.1K tons)
- Guatemala (33.5K tons)
- Saudi Arabia (31.7K tons)
- Hong Kong SAR (25.0K tons)
- Singapore (24.1K tons)
- China (20.7K tons)
This report provides an in-depth analysis of the frozen potato market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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