Market research

Potato market in Faroe Islands

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

Potatoes in the Faroe Islands are cultivated from foreign seed stock, which contributes to a distinctive flavor profile. From 2018 to 2023, the total market volume for fresh or chilled potatoes fluctuated between 2566 tonnes and 3218 tonnes. Domestic production remained remarkably stable at approximately 1520 tonnes annually throughout this period, meaning the overall market size was primarily determined by changes in import levels.

Imports peaked at 1713 tonnes in 2020, driving the total market volume to its highest point of 3218 tonnes that year. Subsequently, import volumes fell sharply to 1139 tonnes in 2021 and 1040 tonnes in 2022, which reduced the overall market to 2658 tonnes and 2566 tonnes, respectively. A partial recovery in imports to 1233 tonnes in 2023 helped lift the total market volume back to 2762 tonnes.

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 Faroe Islands
  1. 5.1.1. Annual dynamics of production in Faroe Islands in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Faroe Islands 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, 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, 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 Faroe Islands in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Faroe Islands 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 Faroe Islands in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Faroe Islands 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 Faroe Islands, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Faroe Islands 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 Faroe Islands in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Faroe Islands 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 Faroe Islands in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Faroe Islands 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 Faroe Islands, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Faroe Islands 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 Faroe Islands in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Faroe Islands 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 Faroe Islands in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Faroe Islands 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 Faroe Islands, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Faroe Islands 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 Faroe Islands in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Faroe Islands 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 Faroe Islands in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Faroe Islands 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 Faroe Islands, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Faroe Islands 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 Faroe Islands

In kind, 2017-2020, t

Top producers of potato, 2017-2020

Source: SHEV.io

World map of production of potato, 2017-2020

Source: SHEV.io

Potato production in the Faroe Islands declined for the third consecutive year. In 2020, production remained almost flat compared to the previous year, with 1 512 tonnes of potatoes harvested.

Annual dynamics of production in Faroe Islands in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.3%)	(0.3%)	(0.1%)	(0.2%)

Source: SHEV.io

Exports potato from Faroe Islands

Exports in kind, t

In 2020, potato exports from the Faroe Islands totaled 6 tonnes, representing a dramatic 53,675.0% increase compared to 2019. Over the period from 2017 to 2020, exports surged by 64,430%, with a compound annual growth rate of 764.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	53 675.0%	764.1%

Source: SHEV.io

From 2017 to 2020, the structure of potato exports in volume was dominated by a single market: Czechia, which accounted for 99.4% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

In 2020, the value of potato exports from the Faroe Islands was recorded at 11 thousand US dollars, marking a sharp uptick of 368,935.3% compared to 2019. Between 2017 and 2020, exports increased by 7,380,606.7%, equating to an annualized rate of 4,094.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	368 935.3%	4 094.7%

Source: SHEV.io

Throughout 2017 to 2020, Czechia was the key partner for potato exports in value terms, accounting for 99.9% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports potato to Faroe Islands

Imports in kind, t

After a two-year decrease, potato import volumes to the Faroe Islands increased. In 2020, imports reached approximately 1 713 tonnes, up by 13.4% from the previous year. The lowest volume was recorded in 2019 at 1 510 tonnes, while the largest decline occurred in 2018 with a 9.0% drop.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(9.0%)	(4.4%)	13.4%	(0.4%)

Source: SHEV.io

From 2017 to 2020, Denmark concentrated 75.7% of total potato imports in volume, with the remaining volume distributed among many countries, each with smaller individual shares.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Potato imports to the Faroe Islands increased for the second consecutive year. In 2020, imports reached 1 146 thousand US dollars, up by 1.0% compared to 2019. The lowest value was recorded in 2018 at 1 083 thousand US dollars, with the largest decline that year at 4.0%. The largest increase occurred in 2019, with a 4.9% rise.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.0%)	4.9%	1.0%	0.6%

Source: SHEV.io

In the period from 2017 to 2020, Denmark was the key supplier of potatoes to the Faroe Islands, accounting for 79.8% of total imports in value terms, while a diversified group of other countries made up the remainder.

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

Source: SHEV.io

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

Source: SHEV.io