Updated Jan 10, 2023 15:24

Preserved Frozen Potato Market in France

Market Overview
The French preserved frozen potato market reduced slightly to $ in , almost unchanged from 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). Overall, consumption saw a noticeable downturn. Preserved frozen potato consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.

In value terms, preserved frozen potato production fell slightly to $ in estimated in export price. Overall, production showed a pronounced downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by % against the previous year. Over the period under review, production reached the maximum level at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.


Consumption
In , consumption of frozen potatoes (prepared or preserved) decreased by -% to tons, falling for the second year in a row after three years of growth. In general, consumption showed a perceptible curtailment. Over the period under review, consumption attained the maximum volume at tons in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.

The value of the preserved frozen potato market in France declined to $ in , standing approx. at 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 recorded a noticeable slump. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption failed to regain momentum.


Market Forecast
Depressed by shrinking demand for preserved frozen potato in France, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the 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 France increased significantly over the last fifteen years (from % to %). Preserved frozen potato market in France consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
France remains a net importer of preserved frozen potato; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.