Frozen Potato Market Overview in Norway
In value terms, frozen potato production contracted to $ in 2019 estimated in export prices. Overall, the total production indicated a moderate increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of % y-o-y. Over the period under review, production attained the maximum level at $ in 2018, and then declined modestly in the following year.
The value of the frozen potato market in Norway reduced slightly to $ in 2019, remaining stable 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). Over the period under review, consumption continues to indicate a noticeable increase. The pace of growth was the most pronounced in 2017 with an increase of % against the previous year. Over the period under review, the market hit record highs at $ in 2018, and then declined in the following year.
From 2007 to 2019, the biggest increases were in frozen boiled potatoes.
In value terms, frozen boiled potatoes ($) led the market, alone. The second position in the ranking was occupied by frozen potatoes (prepared or preserved) ($).
From 2007 to 2019, the average annual rate of growth in terms of the market volume of frozen boiled potatoes totaled +%.