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Philippines - Frozen Potatoes (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPhilippines: Preserved Frozen Potato Market 2024
Preserved Frozen Potato Market Size in the Philippines
The Philippine preserved frozen potato market soared to $X in 2021, jumping by 18% 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). Over the period under review, consumption continues to indicate a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.
Preserved Frozen Potato Exports
Exports from the Philippines
In 2021, exports of frozen potatoes prepared or preserved from the Philippines amounted to X tons, with an increase of 3.3% compared with the previous year. Overall, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 342%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.
In value terms, preserved frozen potato exports reduced rapidly to $X in 2021. Over the period under review, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of 218% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Hong Kong SAR (X tons) was the main destination for preserved frozen potato exports from the Philippines, with a 63% share of total exports. Moreover, preserved frozen potato exports to Hong Kong SAR exceeded the volume sent to the second major destination, Kuwait (X tons), fourfold. The United States (X kg) ranked third in terms of total exports with a 5.2% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-2.9% per year) and the United States (0.0% per year).
In value terms, Hong Kong SAR ($X) emerged as the key foreign market for frozen potatoes prepared or preserved exports from the Philippines, comprising 51% of total exports. The second position in the ranking was taken by the UK ($X), with a 17% share of total exports. It was followed by the United States, with a 7.9% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+5.3% per year) and the United States (0.0% per year).
Export Prices by Country
The average preserved frozen potato export price stood at $X per ton in 2021, shrinking by -20% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 103%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then contracted markedly in the following year.
Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Frozen Potato Imports
Imports into the Philippines
In 2021, imports of frozen potatoes prepared or preserved into the Philippines rose rapidly to X tons, with an increase of 10% on the previous year's figure. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 74% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.
In value terms, preserved frozen potato imports skyrocketed to $X in 2021. Over the period under review, imports posted a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by 87%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, the United States (X tons) constituted the largest preserved frozen potato supplier to the Philippines, accounting for a 35% share of total imports. Moreover, preserved frozen potato imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 12% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+42.4% per year) and Belgium (+8.1% per year).
In value terms, the United States ($X) constituted the largest supplier of frozen potatoes prepared or preserved to the Philippines, comprising 42% of total imports. The second position in the ranking was held by India ($X), with a 12% share of total imports. It was followed by the Netherlands, with an 11% share.
From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+41.2% per year) and the Netherlands (+27.7% per year).
Import Prices by Country
In 2021, the average preserved frozen potato import price amounted to $X per ton, surging by 8.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 8.6% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; afterwards, it flattened through to 2021.
Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from New Zealand ($X per ton) and the United States ($X per ton), while the price for Belgium ($X per ton) and India ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the preserved frozen potato market in the Philippines. 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:
- Prodcom 10311130 - Frozen potatoes, prepared or preserved (including potatoes cooked or partly cooked in oil and then frozen, excluding by vinegar or acetic acid)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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