Updated Jan 10, 2023 22:47

Preserved Frozen Potato Market in the United States

Market Overview
The U.S. 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). In general, consumption saw prominent growth. Preserved frozen potato consumption peaked in and is likely to see steady growth in years to come.

In value terms, preserved frozen potato production shrank modestly to $ in . Over the period under review, the total production indicated a strong 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, production decreased by -% against 2019 indices. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. Preserved frozen potato production peaked at $ in 2019; however, from to , production stood at a somewhat lower figure.


Consumption
For the fifth year in a row, the United States recorded growth in consumption of frozen potatoes (prepared or preserved), which increased by % to tons in . Over the period under review, the total consumption indicated a resilient increase from 2007 to : its volume 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 increased by +% against 2015 indices. Preserved frozen potato consumption peaked in and is likely to continue growth in the immediate term.

The value of the preserved frozen potato market in the United States rose 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 a buoyant increase. Over the period under review, the market attained the peak level in and is expected to retain growth in the immediate term.


Market Forecast
Driven by increasing demand for preserved frozen potato in the United States, 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 .


Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
The United States 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.