Developing countries will continue to increase their share in global potato production and processing

The light potato market recognizes significant changes, especially in the segment of processed products, which is expected to significantly increase the popularity of frozen potato fries.

This forecast was made by RaboResearch researchers.

It appears that between 2019 and 2024, international trade in frozen potato products grew sharply, and export volume increased from $7.7 billion to $13.2 billion. Market growth and price increases Due to a sharp increase in export costs, the amount of money spent on growing and processing potatoes increased significantly.

“For the remaining five years, the United States has been the main force in driving increased imports of processed frozen potato products. Also, imports also increased from Great Britain, Mexico, Saudi Arabia, Germany, Spain and many other countries.

“Great markets that are developing, such as China and India, have transformed from pure importers to pure exporters due to a significant expansion of their internal processing capacity,” experts say.

The rate of processed potato products per capita is still relatively low outside of America, Europe and the Ocean, but it is also growing rapidly in other regions, such as Asia, Meeting and Latin America.

“We are aware that in the near future, the regions that are developing will continue to increase their share of the light-based fermentation and processing of potatoes, which will determine the growth of drinking water and the competitiveness of the crops regions,” analysts predict.

In the US and Europe, average yields are still high, and their further developments pose even more difficult tasks for producers. In addition, such visas, due to extreme weather conditions and regulatory restrictions (protected to protect the plants), allow the Netherlands to expand the export of pumpkin potatoes, which would become close to half of the world exports, it was intended at RaboResearch.

Tags: potato