Updated Jan 10, 2023 15:03

Preserved Frozen Potato Market in Ethiopia

Market Overview
The Ethiopian preserved frozen potato market totaled $ in , with an increase of % 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, the total consumption indicated notable growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, the market attained the peak level at $ in ; however, from to , consumption remained at a lower figure.

In value terms, preserved frozen potato production amounted to $ in estimated in export price. In general, the total production indicated a slight expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Preserved frozen potato production peaked at $ in 2008; however, from 2009 to , production remained at a lower figure.


Consumption
In , the amount of frozen potatoes (prepared or preserved) consumed in Ethiopia expanded rapidly to tons, with an increase of % compared with the previous year's figure. Over the period under review, consumption posted a buoyant expansion. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption remained at a lower figure.

The revenue of the preserved frozen potato market in Ethiopia rose remarkably 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). In general, the total consumption indicated a noticeable increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Preserved frozen potato consumption peaked at $ in ; however, from to , consumption stood at a somewhat lower figure.


Market Forecast
Driven by increasing demand for preserved frozen potato in Ethiopia, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase 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
Over the period under review, imports of preserved frozen potato in Ethiopia were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for preserved frozen potato. In , the share of imports in total consumption accounted for less than % in value terms and less than % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for less than % in value terms and less than % in physical terms. The share of imports increased moderately (less than percentage point) over the period under review.


Trade Balance
Ethiopia remains a net importer of preserved 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 $.