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World - Potato - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThe Global Potato Market Hits Record Highs
IndexBox has just published a new report: 'World - Potato - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
In 2019, the global potato market increased by 6% to $140.5B, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +3.0% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hits record highs in 2019 and is expected to retain growth in years to come.
Consumption by Country
The countries with the highest volumes of potato consumption in 2019 were China (93M tons), India (51M tons) and Ukraine (23M tons), with a combined 45% share of global consumption. These countries were followed by Russia, the U.S., Bangladesh, Germany, Poland, the Netherlands, Canada and Belarus, which together accounted for a further 23%.
From 2007 to 2019, the most notable rate of growth in terms of potato consumption, amongst the leading consuming countries, was attained by Bangladesh, while potato consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($52.3B) led the market, alone. The second position in the ranking was occupied by India ($10.5B). It was followed by the U.S..
The countries with the highest levels of potato per capita consumption in 2019 were Belarus (591 kg per person), Ukraine (521 kg per person) and the Netherlands (350 kg per person).
Market Forecast 2019-2030
Driven by increasing demand for potato worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.6% for the period from 2019 to 2030, which is projected to bring the market volume to 441M tons by the end of 2030.
Production 2007-2019
In 2019, the amount of potatoes produced worldwide reached 371M tons, surging by 2.1% on the previous year. The total output volume increased at an average annual rate of +1.6% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2011 with an increase of 12% against the previous year. Global production peaked in 2019 and is expected to retain growth in years to come. The general positive trend in terms output was largely conditioned by a slight expansion of the harvested area and modest growth in yield figures.
Production by Country
The countries with the highest volumes of potato production in 2019 were China (93M tons), India (51M tons) and Ukraine (23M tons), with a combined 45% share of global production. These countries were followed by Russia, the U.S., Bangladesh, Germany, France, Poland, the Netherlands, Canada and Belarus, which together accounted for a further 25%.
From 2007 to 2019, the most notable rate of growth in terms of potato production, amongst the key producing countries, was attained by Bangladesh, while potato production for the other global leaders experienced more modest paces of growth.
Harvested Area 2007-2019
In 2019, the total area harvested in terms of potatoes production worldwide was estimated at 18M ha, approximately mirroring the previous year. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of 2.7% year-to-year. As a result, the harvested area attained the peak level of 19M ha. From 2012 to 2019, the growth of the global potato harvested area failed to regain the momentum.
Yield 2007-2019
The global average potato yield stood at 21 ton per ha in 2019, growing by 1.6% on 2018. The yield figure increased at an average annual rate of +1.7% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the yield increased by 8.9% year-to-year. Over the period under review, the average potato yield hit record highs in 2019 and is expected to retain growth in years to come.
Exports 2007-2019
In 2019, shipments abroad of potatoes increased by 4.9% to 15M tons, rising for the fourth consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.2% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 42% against the previous year. As a result, exports reached the peak of 16M tons. From 2014 to 2019, the growth of global exports remained at a lower figure.
In value terms, potato exports rose rapidly to $4.8B (IndexBox estimates) in 2019. The total export value increased at an average annual rate of +2.8% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
Exports by Country
In 2019, France (3.5M tons), distantly followed by Germany (1.9M tons), the Netherlands (1.8M tons), Belgium (1M tons) and Egypt (0.7M tons) were the main exporters of potatoes, together committing 60% of total exports. Pakistan (625K tons), the U.S. (550K tons), Canada (504K tons), China (471K tons), India (417K tons), Spain (303K tons) and Saudi Arabia (294K tons) followed a long way behind the leaders.
From 2007 to 2019, the biggest increases were in India, while shipments for the other global leaders experienced more modest paces of growth.
In value terms, the largest potato supplying countries worldwide were France ($812M), the Netherlands ($800M) and Germany ($440M), together comprising 43% of global exports. China, Egypt, the U.S., Belgium, Canada, Spain, Pakistan, India and Saudi Arabia lagged somewhat behind, together comprising a further 35%.
In terms of the main exporting countries, India recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices by Country
The average potato export price stood at $323 per ton in 2019, picking up by 4.1% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average export price increased by 18% year-to-year. As a result, export price attained the peak level of $375 per ton. From 2012 to 2019, the growth in terms of the average export prices remained at a lower figure.
Prices varied noticeably by the country of origin; the country with the highest price was China ($613 per ton), while Saudi Arabia ($170 per ton) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global potato market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 116 - Potatoes
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023