Updated Jan 10, 2023 15:48

Preserved Frozen Potato Market in Germany

Market Overview
In , the German preserved frozen potato market increased by % to $ for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $. From 2015 to , the growth of the market remained at a lower figure.

In value terms, preserved frozen potato production declined slightly to $ in estimated in export price. The total output value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by %. Preserved frozen potato production peaked at $ in 2019; however, from to , production stood at a somewhat lower figure.


Consumption
In , after two years of decline, there was growth in consumption of frozen potatoes (prepared or preserved), when its volume increased by % to tons. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, consumption reached the maximum volume at tons in 2019; however, from to , consumption stood at a somewhat lower figure.

The value of the preserved frozen potato market in Germany expanded remarkably to $ in , growing 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 reached the peak level of $. From 2015 to , the growth of the market failed to regain momentum.


Market Forecast
Driven by increasing demand for preserved frozen potato in Germany, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, 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
Driven by a growing demand, the share of imports in total supply in Germany increased significantly over the last fifteen years (from % to %). 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
Germany remains a net exporter of preserved frozen potato; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus 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.