Frozen Potato Market in Spain
Market Overview
The Spanish frozen potato market surged to $
in , increasing 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 +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
In value terms, frozen potato production reached $ in estimated in export price. In general, production, however, saw a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of %. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to , production failed to regain momentum.
in , increasing 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 +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.In value terms, frozen potato production reached $
in estimated in export price. In general, production, however, saw a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of %. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to , production failed to regain momentum.Consumption
In , consumption of frozen potatoes increased by % to tons, rising for the second year in a row after two years of decline. In general, consumption showed a mild expansion. Over the period under review, consumption attained the peak volume in and is likely to continue growth in years to come.
The size of the frozen potato market in Spain soared to $ in , 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). The market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
, consumption of frozen potatoes increased by % to tons, rising for the second year in a row after two years of decline. In general, consumption showed a mild expansion. Over the period under review, consumption attained the peak volume in and is likely to continue growth in years to come.The size of the frozen potato market in Spain soared to $
in , 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). The market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.Market Forecast
The frozen potato market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Spain increased significantly over the last fifteen years (from % to %). Frozen potato market in Spain consists almost entirely of imported products.
% to %). Frozen potato market in Spain consists almost entirely of imported products.Trade Balance
Spain remains a net importer of frozen potato; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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