Market research

Potato market in Armenia

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Between 2018 and 2023, the Armenian potato market volume showed significant variability. After a minor decrease in 2019, the market grew sharply in 2020 to reach 439.8 thousand tons, its highest level in the period. This was followed by a substantial contraction in 2021, with the market falling to 367.2 thousand tons, and a further slight drop in 2022.

A partial recovery occurred in 2023 as the market volume increased to 372.3 thousand tons, though it remained below the 2018 starting point of 416.8 thousand tons. These fluctuations were primarily driven by changes in domestic potato production, which followed an identical pattern of a 2020 peak and subsequent declines.

While imports traditionally played a small role, they rose notably in 2022 and 2023, reaching 7.8 thousand tons, which contributed to the market's supply in those years. Overall, the period was characterized by volatility, with the market ending 2023 approximately 11% lower than at the beginning of 2018.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Armenia
  1. 5.1.1. Annual dynamics of production in Armenia in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Armenia in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Armenia in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Armenia by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Armenia in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Armenia by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Armenia, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Armenia by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Armenia in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Armenia by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Armenia in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Armenia by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Armenia, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Armenia by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Armenia in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Armenia by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Armenia in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Armenia by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Armenia, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Armenia by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Armenia in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Armenia by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Armenia in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Armenia by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Armenia, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Armenia by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production potato in Armenia

In kind, 2017-2020, K t

Top producers of potato, 2017-2020

Source: SHEV.io

World map of production of potato, 2017-2020

Source: SHEV.io

Armenia's potato production increased after two years of decline. In 2019, production reached its lowest point at 404.1 thousand tons, but then rose by 8.2% to 437.2 thousand tons in 2020. Over the period from 2017 to 2020, production decreased by 20.1%, which translates to an average annual decline of 7.2%. The sharpest drop occurred in 2018, with a 24.2% decrease.

Annual dynamics of production in Armenia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(24.2%)	(2.6%)	8.2%	(7.2%)

Source: SHEV.io

Exports potato from Armenia

Exports in kind, t

The market exhibited volatility during the observed period. Exports reached their lowest point in 2020, with Armenia exporting 182 tons of potatoes, which was a 44.2% increase compared to the previous year. However, exports peaked in 2018, and the difference between the peak and the low point in 2020 was 1.5 times.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	44.2%	n/a	n/a	(1.8%)

Source: SHEV.io

From 2017 to 2020, Russia and Georgia were the primary markets for Armenia's potato exports in kind, together accounting for 100.0% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

In 2020, Armenia's potato exports in value terms amounted to 25 thousand US dollars, marking a sharp decline of 49.0% compared to 2019. Over the 2017-2020 period, exports decreased by 46.1%, with a compound annual growth rate of -18.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(49.0%)	n/a	n/a	(18.6%)

Source: SHEV.io

Between 2017 and 2020, Russia and Georgia dominated the geographical structure of Armenia's potato exports in value terms, jointly representing 100.0% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports potato to Armenia

Imports in kind, t

The market showed volatile behavior during these years. Imports bottomed out in 2017, peaked in 2019 at 4 233 tons, and then fell to 2 745 tons in 2020, a decrease of 35.2% compared to 2019. The difference between the peak in 2019 and the low point in 2017 was 2.4 times. The largest increase occurred in 2019, with a rise of 109.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	13.7%	109.3%	(35.2%)	15.6%

Source: SHEV.io

From 2017 to 2020, the core sources for Armenia's potato imports in kind were the Netherlands (42.4% of imports), Russia (17.6% of imports), and Germany (8.9% of imports), together accounting for 68.9% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Armenia's potato imports in value terms increased for the third consecutive year. In 2020, imports stood at 1 857 thousand US dollars, reflecting a modest increase of 5.2% compared to 2019. Over the 2017-2020 period, imports grew by 61%, with a compound annual growth rate of 17.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	35.7%	12.8%	5.2%	17.2%

Source: SHEV.io

Throughout 2017–2020, the main markets for Armenia's potato imports in value terms were the Netherlands (57.7% of imports), Germany (10.1% of imports), and the United Kingdom (8.7% of imports), jointly representing 76.5% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io