Potato Market Overview in Montenegro
In value terms, potato production skyrocketed to $ in 2019 estimated in export prices. Overall, production saw a remarkable increase. The growth pace was the most rapid in 2009 when the production volume increased by % year-to-year. Over the period under review, production hit record highs at $ in 2015; however, from 2016 to 2019, production remained at a lower figure.
The average yield of potatoes in Montenegro was estimated at tonnes per ha in 2019, growing by % compared with the previous year's figure. The yield figure increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of % y-o-y. The potato yield peaked at tonnes per ha in 2016; however, from 2017 to 2019, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, approx. ha of potatoes were harvested in Montenegro; approximately reflecting 2018 figures. The harvested area increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. As a result, the harvested area attained the peak level of ha; afterwards, it flattened through to 2019.
The value of the potato market in Montenegro rose rapidly to $ in 2019, surging by % 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). In general, consumption, however, showed a resilient increase. The pace of growth appeared the most rapid in 2008 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.