Europe: Potato Market 2024

Potato Market Size in Europe

In 2023, the Europe potato market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Potato Production in Europe

In value terms, potato production soared to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

The countries with the highest volumes of production in 2023 were Ukraine (X tons), Russia (X tons) and Germany (X tons), together comprising X% of total production. France, the Netherlands, Poland, the UK, Belgium, Belarus, Denmark and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Denmark (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2023, the average potato yield in Europe contracted slightly to X tons per ha, approximately reflecting the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 when the yield increased by X% against the previous year. Over the period under review, the potato yield attained the maximum level at X tons per ha in 2022, and then contracted modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of potatoes production in Europe expanded slightly to X ha, picking up by X% on the year before. Overall, the harvested area, however, saw a perceptible curtailment. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area failed to regain momentum.

Potato Exports

Exports in Europe

For the third consecutive year, Europe recorded growth in shipments abroad of potatoes, which increased by X% to X tons in 2023. Overall, exports, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2023, the growth of the exports remained at a lower figure.

In value terms, potato exports skyrocketed to $X in 2023. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of potatoes, namely France, the Netherlands and Germany, represented more than two-thirds of total export. It was distantly followed by Belgium (X tons), achieving a X% share of total exports. The following exporters - Spain (X tons) and the UK (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Spain (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the Netherlands ($X), France ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports. The UK, Belgium and Spain lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Spain, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other leaders experienced more modest paces of growth.

Potato Imports

Imports in Europe

In 2023, overseas purchases of potatoes increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, showed a slight contraction. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2023, the growth of imports failed to regain momentum.

In value terms, potato imports skyrocketed to $X in 2023. Total imports indicated a modest increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Belgium (X tons) represented the largest importer of potatoes, committing X% of total imports. It was distantly followed by the Netherlands (X tons), Spain (X tons) and Italy (X tons), together constituting a X% share of total imports. The following importers - France (X tons), Portugal (X tons), Germany (X tons), Russia (X tons), Greece (X tons), the Czech Republic (X tons) and Romania (X tons) - together made up X% of total imports.

Imports into Belgium increased at an average annual rate of X% from 2012 to 2023. At the same time, Spain (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. Russia, France, the Czech Republic and Greece experienced a relatively flat trend pattern. By contrast, Romania (X%), Portugal (X%), Italy (X%), the Netherlands (X%) and Germany (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belgium, Italy and Spain increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported potatoes in Europe, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with an X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Belgium totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Spain (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform