Preserved Frozen Potato Market in the Philippines
Market Overview
The Philippine preserved frozen potato market skyrocketed to $
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). Overall, consumption recorded prominent growth. Preserved frozen potato consumption peaked in
and is expected to retain growth in the immediate term.




Consumption
In
, approx.
tons of frozen potatoes (prepared or preserved) were consumed in the Philippines; with an increase of
% on the previous year's figure. In general, consumption recorded a strong expansion. Preserved frozen potato consumption peaked in
and is expected to retain growth in the immediate term.
The size of the preserved frozen potato market in the Philippines skyrocketed to $
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). Overall, consumption continues to indicate a strong expansion. Over the period under review, the market hit record highs in
and is likely to continue growth in the immediate term.




The size of the preserved frozen potato market in the Philippines skyrocketed to $




Market Forecast
Driven by increasing demand for frozen potatoes (prepared or preserved) in the Philippines, the market is expected to continue an upward consumption trend over the next eight-year period. 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
.





In value terms, the market is forecast to increase with an anticipated CAGR of +





Market Structure
Preserved frozen potato market in the Philippines consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, the Philippines relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
The Philippines 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 $
. 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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