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Report: The global potato market hits record highs

IndexBox has just published a new report: ‘World – Potato – Market Analysis, Forecast, Size, Trends and Insights’. We re-publish parts of a summary of the report’s key findings below – the full summary can be viewed on the IndexBox website here.

The report says that 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. Over the period under review, the global market hit 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 tonnes), India (51M tonnes) and Ukraine (23M tonnes), 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%.

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).

Production 2007-2019

In 2019, the amount of potatoes produced worldwide reached 371M tonnes, 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. Global production peaked in 2019 and is expected to retain growth in years to come.

Production by Country

The countries with the highest volumes of potato production in 2019 were China (93M tonnes), India (51M tonnes) and Ukraine (23M tonnes), 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%.

Exports 2007-2019

In 2019, shipments abroad of potatoes increased by 4.9% to 15M tonnes, 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.

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 tonnes), distantly followed by Germany (1.9M tonnes), the Netherlands (1.8M tonnes), Belgium (1M tonnes) and Egypt (0.7M tonnes) were the main exporters of potatoes, together committing 60% of total exports.

Sources: IndexBox AI Platform and GlobalTrade

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Lukie Pieterse, Editor and Publisher

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