Frozen potatoes market in Eastern Asia

Earlier Report Observations

Following 2018, the frozen potato market volume in Eastern Asia contracted, primarily driven by a sharp decline in imports. In 2019, China's restrictions on fresh potato imports for food safety reasons affected supply chains, contributing to a reduced total market volume. Imports continued to fall in 2020, although the value of imports rose due to increased global prices and growing fast-food consumption, which was reflected in the market's higher monetary value.

From 2021 onward, the market began to recover, supported by rising demand for convenient frozen foods and advances in quick-freezing technology. This led to the launch of premium products and a wider assortment. The growth of online retail and consumer preference for convenience further sustained the expansion, particularly in value terms, where the market size increased from $30.5 million in 2020 to $42.1 million by 2023.

In the post-COVID period, an accelerated shift toward frozen meal kits and simplified recipes blurred the lines between traditional frozen items and meal solutions. By 2024, companies were introducing new technologies such as smart food vending machines and responding to demand for affordable convenience products. Additionally, Chinese government policy support and increased agricultural investment fostered growth in domestic frozen potato production.

Production frozen potatoes in Eastern Asia

In kind, 2017-2020, t

Top producers of frozen potatoes, 2017-2020

World map of production of frozen potatoes, 2017-2020

In 2020, Eastern Asia produced 8,593 tons of frozen potatoes, marking a 3.7% increase from the previous year. Over the 2017-2020 period, production grew by 5%, with a compound annual growth rate of 1.6%. The largest decline occurred in 2019, when production fell by 0.8%.

Annual dynamics of production in Eastern Asia in kind, 2017-2020, t

In value, 2017-2020, K $ US

In 2020, the output of frozen potatoes in Eastern Asia was valued at 8,113 thousand US dollars, showing a modest gain of 2.0% compared to 2019. From 2017 to 2020, production increased by 8.8%, translating to an annualized growth rate of 2.8%. The largest decline was recorded in 2019 at 1.2%, while the largest increase occurred in 2018 with an 8.0% rise.

Annual dynamics of production in Eastern Asia in value, 2017-2020, K $ US

Exports frozen potatoes from Eastern Asia

Exports in kind, t

After two years of decline, frozen potato exports from Eastern Asia rebounded in 2020. Exports totaled 19,630 tons, representing a strong year-over-year increase of 13.3%. The lowest export volume was recorded in 2019 at 17,326 tons, following the largest decline of 9.7% in 2018.

Annual dynamics of product's exports from Eastern Asia in kind, 2017-2020, t

From 2017 to 2020, Singapore, Thailand, and the Philippines consistently held leading positions in the country structure of frozen potato exports by volume. Singapore accounted for 6.8% of exports, Thailand for 1.6%, and the Philippines for 1.0%, collectively making up 9.5% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Eastern Asia in kind, 2017-2020

Exports in value, K $ US

Following a two-year decline, frozen potato shipments from Eastern Asia to international markets increased in 2020. Export value reached 18,531 thousand US dollars, showing an 11.4% advance year-over-year. Between 2017 and 2020, exports grew by 3%, equating to an annualized rate of 1.0%. The lowest value was recorded in 2019 at 16,629 thousand US dollars, after the largest decline of 4.5% in 2018.

Annual dynamics of product's exports from Eastern Asia in value, 2017-2020, K $ US

From 2017 to 2020, Singapore, Thailand, and the Philippines were the main buyers of frozen potatoes from Eastern Asia in value terms. Singapore accounted for 6.3% of exports, Thailand for 1.6%, and the Philippines for 1.1%, together comprising 9.0% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Eastern Asia in value, 2017-2020

Imports frozen potatoes to Eastern Asia

Imports in kind, t

Frozen potato imports into Eastern Asia declined for the third consecutive year in 2020. Imports amounted to 36,088 tons, showing a strong decrease of 13.6% from the previous year. Over the 2017-2020 period, imports fell by 42.5%, with a compound annual decline rate of 16.8%.

Annual dynamics of product's imports to Eastern Asia in kind, 2017-2020, t

From 2017 to 2020, the United States, Vietnam, and Belgium made the biggest contributions to frozen potato imports by volume into Eastern Asia. The United States accounted for 62.8% of imports, Vietnam for 1.5%, and Belgium for 1.1%, jointly representing 65.4% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Eastern Asia in kind, 2017-2020

Imports in value, K $ US

Frozen potato deliveries to Eastern Asia declined for the third consecutive year in 2020. Imports were valued at 40,937 thousand US dollars, reflecting a gradual decrease of 9.1% from 2019. Between 2017 and 2020, imports decreased by 40.2%, equating to an annualized decline rate of 15.8%.

Annual dynamics of product's imports to Eastern Asia in value, 2017-2020, K $ US

In the 2017-2020 period, the United States, Vietnam, and Belgium were the principal sources for frozen potato imports into Eastern Asia in value terms. The United States accounted for 64.8% of imports, Vietnam for 1.3%, and Belgium for 1.1%, together making up 67.1% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Eastern Asia in value, 2017-2020