Updated Jan 10, 2023 20:15

Preserved Frozen Potato Market in Russia

Market Overview
The Russian preserved frozen potato market dropped to $ in , waning 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). Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2014 to , the growth of the market failed to regain momentum.

In value terms, preserved frozen potato production declined to $ in estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of %. As a result, production reached the peak level of $. From 2014 to , production growth remained at a somewhat lower figure.


Consumption
In , preserved frozen potato consumption in Russia shrank to tons, waning by -% on figures. Over the period under review, consumption, however, saw a relatively flat trend pattern. Preserved frozen potato consumption peaked at tons in 2019; however, from to , consumption remained at a lower figure.

The revenue of the preserved frozen potato market in Russia shrank to $ in , with a decrease 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 relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2014 to , the growth of the market remained at a lower figure.


Market Forecast
Driven by increasing demand for preserved frozen potato in Russia, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, 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, the share of imports in terms of total preserved frozen potato consumption in Russia was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Russia preserved frozen potato market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % 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 % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Russia 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 $.