Market research

Potato market in Nicaragua

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

From 2018 to 2021, Nicaragua's potato market expanded, with production rising from 66 169 t to 77 710 t and market size growing from 69 143 t to 79 812 t. The sector initially faced a structural deficit relative to global demand, with per capita consumption reported at 8 kg per year.

Production dropped sharply in 2022 to 56 416 t, pulling market size down to 58 854 t. The following year saw a partial recovery to 61 819 t of production and a market size of 65 438 t. This rebound coincided with the launch of the National Production, Consumption and Trade Plan 2023‑2024, which set a production target of 1.4 million quintals to strengthen domestic output. Elevated potato prices, reaching 40–50 córdobas per pound, weighed on consumption, while the El Niño climate phenomenon affected agricultural cycles in the 2023‑2024 period.

For 2024, import volumes increased to 5 574 t. Regulatory developments included the Fiscal Equity Law (Law No. 453), designed to adjust the tax regime to support the agricultural sector, alongside ongoing government efforts under the 2024‑2025 National Plan that aim to boost potato cultivation and sustainability.

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 Nicaragua
  1. 5.1.1. Annual dynamics of production in Nicaragua in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Nicaragua 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. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Nicaragua in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Nicaragua by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Nicaragua in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Nicaragua by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Nicaragua, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Nicaragua by countries, 2018-2024, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Nicaragua in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Nicaragua by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Nicaragua in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Nicaragua by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Nicaragua, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Nicaragua by countries, 2018-2024, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Nicaragua in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Nicaragua by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Nicaragua, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Nicaragua by countries, 2018-2024, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Nicaragua in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Nicaragua by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Nicaragua, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Nicaragua by countries, 2018-2024, $ US/kg
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 Nicaragua

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

Nicaragua's potato production has increased for the third consecutive year. In 2020, the country produced 68 817 tonnes of potatoes, marking a modest gain of 2.9% compared to 2019. Looking at the period from 2017 to 2020, production rose by 15.3%, which translates to an annualized growth rate of 4.9%.

Annual dynamics of production in Nicaragua in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	10.8%	1.0%	2.9%	4.9%

Source: SHEV.io

Exports potato from Nicaragua

Exports in kind, t

In 2018, Nicaragua's potato exports amounted to 0.0 tonnes, representing a sharp decline of 99.9% from 2017.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(99.9%)	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, Nicaragua's potato exports in kind were highly concentrated, with Honduras accounting for 99.9% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

In 2018, Nicaragua's potato export volume reached 0.0 thousand US dollars, showing a significant year-on-year drop of 19.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(19.9%)	n/a	n/a	-

Source: SHEV.io

Throughout 2017 to 2020, two key markets—Honduras and Russia—dominated Nicaragua's potato exports in value terms, together making up 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 Nicaragua in value, 2017-2020

Source: SHEV.io

Imports potato to Nicaragua

Imports in kind, t

In 2020, Nicaragua's potato imports reached 3 259 tonnes, reflecting a dramatic increase of 66.1% compared to the previous year. Between 2017 and 2020, imports grew by 14.8%, equating to an annualized rate of 4.7%. The lowest point was recorded in 2019 at 1 962 tonnes, which also saw the largest decline of 34.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.8%	(34.0%)	66.1%	4.7%

Source: SHEV.io

From 2017 to 2020, two markets—the Netherlands and the United States—played leading roles in Nicaragua's potato imports in kind, together accounting for 90.5% of total flows, while the remainder was distributed among other destinations.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

In 2020, Nicaragua's potato import volume totaled 2 849 thousand US dollars, which is 68.0% higher than the previous year. Between 2017 and 2020, imports increased by 22.8%, translating to an annualized growth rate of 7.1%. The minimum value was recorded in 2019 at 1 695 thousand US dollars, which also experienced the largest decline of 26.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.0%	(26.9%)	68.0%	7.1%

Source: SHEV.io

From 2017 to 2020, the Netherlands remained the primary market for Nicaragua's potato imports in value terms, holding a share of 70.9% of total flows, while the rest of the volume was fragmented across numerous other destinations.

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

Source: SHEV.io

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

Source: SHEV.io