U.S. Doubled Frozen Potato Imports in the Past Decade
IndexBox has just published a new report: ‘U.S. – Frozen Potatoes (Prepared Or Preserved) – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.
American preserved frozen potato imports increased from 695K tonnes in 2010 to 1.1M tonnes in 2020. In value terms, imports expanded from $653M to $1.1B over this period. Canada supplies 85% of the total volume of imports. In 2020, Belgium emerged as the fastest-growing supplier of frozen potatoes to the U.S., reaching a 10% share of the total imports.
American Frozen Potato Imports
Over the past decade, preserved frozen potato imports into the U.S. grew from 695K tonnes to 1.1M tonnes. In 2020, imports increased by +8.8% against 2019 figures.
In value terms, preserved frozen potato imports expanded from $653M in 2010 to $1.1B in 2020. Last year, import value expanded by +8.9% y-o-y (IndexBox estimates).
In 2020, Canada (914K tonnes) constituted the largest preserved frozen potato supplier to the U.S., accounting for 85% of total imports. Moreover, preserved frozen potato imports from Canada exceeded the figures recorded by the second-largest supplier, Belgium (105K tonnes), ninefold.
In 2020, the volume of supplies from Canada grew by +3.3%. Imports from Belgium and the Netherlands increased by +61.9% y-o-y and +44.7% y-o-y, respectively.
In value terms, Canada ($946M) constituted the largest supplier of preserved frozen potato to the U.S., comprising 86% of total imports. The second position in the ranking was occupied by Belgium ($97M), with an 8.8% share of total imports.
The average preserved frozen potato import price stood at $1,000 per tonne in 2020, standing approx. at the previous year. Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Belgium ($1,000 per tonne), while the price for Canada ($1,000 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other significant suppliers experienced more modest paces of growth.
Source: IndexBox Platform