Feb 16, 2025
IndexBox has just published a new report: World – Frozen Potatoes (Prepared Or Preserved) – Market Analysis, Forecast, Size, Trends And Insights.
The global frozen potatoes market is anticipated to experience a steady increase in consumption, with a forecasted CAGR of +2.1% in volume and +4.4% in value from 2024 to 2030. By the end of 2030, the market volume is projected to reach 30 million tons, with a market value of $42.8 billion in nominal prices.
Market Forecast
Driven by increasing demand for frozen potatoes prepared or preserved worldwide, the market is expected to continue an upward consumption trend over the next six years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.1% for the period from 2024 to 2030, which is projected to bring the market volume to 30M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.4% for the period from 2024 to 2030, which is projected to bring the market value to $42.8B (in nominal wholesale prices) by the end of 2030.
Consumption
World Consumption of Frozen Potatoes (Prepared Or Preserved)
Global preserved frozen potato consumption stood at 27M tons in 2024, with an increase of 2.6% compared with the previous year. The total consumption volume increased at an average annual rate of +3.2% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2022 with an increase of 7.7%. Global consumption peaked in 2024 and is likely to see gradual growth in years to come.
The global preserved frozen potato market revenue amounted to $33B in 2024, remaining relatively unchanged 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). The market value increased at an average annual rate of +2.9% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the peak level in 2024 and is expected to retain growth in years to come.
Consumption By Country
The countries with the highest volumes of consumption in 2024 were China (6.1M tons), the United States (3.2M tons) and India (2.4M tons), with a combined 44% share of global consumption. The UK, Russia, Brazil, Belgium, Turkey, Germany and the Netherlands lagged somewhat behind, together comprising a further 24%.
From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Belgium (with a CAGR of +25.2%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest preserved frozen potato markets worldwide were China ($7.7B), the United States ($4.1B) and India ($2.7B), with a combined 44% share of the global market. The UK, Russia, Brazil, Germany, Turkey, Belgium and the Netherlands lagged somewhat behind, together comprising a further 23%.
Belgium, with a CAGR of +22.7%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2024, the highest levels of preserved frozen potato per capita consumption was registered in Belgium (89 kg per person), followed by the Netherlands (34 kg per person), the UK (18 kg per person) and the United States (9.6 kg per person), while the world average per capita consumption of preserved frozen potato was estimated at 3.3 kg per person.
From 2013 to 2024, the average annual growth rate of the preserved frozen potato per capita consumption in Belgium totaled +24.7%. In the other countries, the average annual rates were as follows: the Netherlands (+3.2% per year) and the UK (+0.6% per year).
Production
World Production of Frozen Potatoes (Prepared Or Preserved)
In 2024, approx. 26M tons of frozen potatoes prepared or preserved were produced worldwide; leveling off at 2023. The total output volume increased at an average annual rate of +3.0% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 7.4%. Global production peaked at 27M tons in 2022; afterwards, it flattened through to 2024.
In value terms, preserved frozen potato production dropped modestly to $31.6B in 2024 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2022 when the production volume increased by 16%. Over the period under review, global production reached the peak level at $32.2B in 2023, and then shrank slightly in the following year.
Production By Country
The countries with the highest volumes of production in 2024 were China (6.2M tons), Belgium (3.3M tons) and the United States (2.6M tons), with a combined 46% share of global production.
From 2013 to 2024, the biggest increases were recorded for Belgium (with a CAGR of +7.4%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Frozen Potatoes (Prepared Or Preserved)
After three years of growth, supplies from abroad of frozen potatoes prepared or preserved decreased by -5.8% to 8.4M tons in 2024. The total import volume increased at an average annual rate of +3.3% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 12%. Global imports peaked at 8.9M tons in 2023, and then dropped in the following year.
In value terms, preserved frozen potato imports declined modestly to $12.9B in 2024. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2022 with an increase of 29%. Global imports peaked at $13.2B in 2023, and then contracted slightly in the following year.
Imports By Country
In 2024, the United States (1.5M tons), distantly followed by the UK (808K tons), France (493K tons) and Japan (398K tons) represented the main importers of frozen potatoes prepared or preserved, together comprising 39% of total imports. Brazil (324K tons), Mexico (310K tons), Germany (299K tons), Saudi Arabia (247K tons), the Netherlands (243K tons) and Spain (237K tons) held a little share of total imports.
From 2013 to 2024, the biggest increases were recorded for Mexico (with a CAGR of +8.6%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($2.3B), the UK ($1.4B) and France ($742M) appeared to be the countries with the highest levels of imports in 2024, together comprising 34% of global imports. Japan, Mexico, Germany, Brazil, Saudi Arabia, Spain and the Netherlands lagged somewhat behind, together accounting for a further 25%.
Among the main importing countries, Mexico, with a CAGR of +12.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average preserved frozen potato import price stood at $1,541 per ton in 2024, growing by 3.3% against the previous year. Over the period under review, import price indicated a moderate expansion from 2013 to 2024: its price increased at an average annual rate of +3.4% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, preserved frozen potato import price increased by +55.9% against 2020 indices. The most prominent rate of growth was recorded in 2023 when the average import price increased by 27%. Global import price peaked in 2024 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major importing countries. In 2024, major importing countries recorded the following prices: in Japan ($1,796 per ton) and the UK ($1,760 per ton), while the Netherlands ($1,236 per ton) and Brazil ($1,438 per ton) were amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the UK (+6.0%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Frozen Potatoes (Prepared Or Preserved)
In 2024, overseas shipments of frozen potatoes prepared or preserved decreased by -12.3% to 8.1M tons for the first time since 2020, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.7% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Over the period under review, the global exports hit record highs at 9.2M tons in 2023, and then fell in the following year.
In value terms, preserved frozen potato exports reduced to $12.2B in 2024. In general, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2023 when exports increased by 31% against the previous year. As a result, the exports reached the peak of $13.2B, and then reduced in the following year.
Exports By Country
In 2024, Belgium (2.4M tons), distantly followed by Canada (1.4M tons), the Netherlands (1.4M tons), the United States (0.9M tons) and France (0.4M tons) were the key exporters of frozen potatoes prepared or preserved, together committing 83% of total exports. Germany (235K tons), China (206K tons) and Argentina (177K tons) held a little share of total exports.
From 2013 to 2024, the biggest increases were recorded for China (with a CAGR of +25.6%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, the largest preserved frozen potato supplying countries worldwide were Belgium ($3.6B), the Netherlands ($2.3B) and Canada ($2.1B), with a combined 65% share of global exports. The United States, France, Germany, Argentina and China lagged somewhat behind, together accounting for a further 26%.
Among the main exporting countries, China, with a CAGR of +23.7%, saw 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
In 2024, the average preserved frozen potato export price amounted to $1,503 per ton, with an increase of 4.6% against the previous year. In general, export price indicated a temperate expansion from 2013 to 2024: its price increased at an average annual rate of +3.5% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, preserved frozen potato export price increased by +57.7% against 2019 indices. The pace of growth appeared the most rapid in 2023 an increase of 31% against the previous year. Over the period under review, the average export prices reached the maximum in 2024 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major exporting countries. In 2024, major exporting countries recorded the following prices: in the United States ($1,683 per ton) and Argentina ($1,620 per ton), while China ($1,262 per ton) and Canada ($1,435 per ton) were amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Germany (+4.5%), while the other global leaders experienced more modest paces of growth.
