Potato Market Overview in Ukraine
In value terms, potato production surged to $ in 2019 estimated in export prices. Over the period under review, production, however, showed a pronounced increase. Potato production peaked at $ in 2011; however, from 2012 to 2019, production failed to regain the momentum.
In 2019, the average potato yield in Ukraine declined to tonnes per ha, waning by -% on the previous year's figure. The yield figure increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when the yield increased by % y-o-y. Over the period under review, the average potato yield hit record highs at tonnes per ha in 2014; however, from 2015 to 2019, the yield stood at a somewhat lower figure. 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 Ukraine; approximately mirroring 2018. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of % y-o-y. The potato harvested area peaked at ha in 2007; however, from 2008 to 2019, the harvested area remained at a lower figure.
The value of the potato market in Ukraine skyrocketed to $ in 2019, jumping 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). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by % y-o-y. Potato consumption peaked at $ in 2011; however, from 2012 to 2019, consumption remained at a lower figure.