Potatoes USA Reports Increase in Export Value of United States-Grown Potatoes
DENVER, CO - Potatoes are a hot commodity this time of year, and Potatoes USA has the data to back that up. United States-grown potatoes in particular have risen in export value as of late, especially as foodservice operators see an increase in business as they return to pre-pandemic capacity.
While U.S. frozen potato exports were down nearly 4 percent by volume from July to September 2022, they were up 13 percent by value compared to the same period in 2021. The higher value number compared to volume is a commonality across potato exports of all types, a press release stated, reflecting inflation and price increases globally. There were some increases in frozen shipments to international markets, including Saudi Arabia (+24 percent) and the United Arab Emirates (+134 percent).
Additionally, the value of fresh shipments was up 7 percent. Fresh exports were up in some major markets, including Mexico. This export number for Mexico includes shipments to the country’s interior now that fresh U.S. potatoes can go beyond the 26-kilometer border region. Fresh exports also increased to the Central American region by over 50 percent and South Korea by 180 percent.
U.S. dehydrated potato exports were up 1.4 percent by volume and 8 percent by value compared to this quarter in 2021, despite tight supply. While evidence of strong demand for U.S. potato products is coming in from across the globe, many markets report challenges in maintaining a consistent supply.
In South Korea, however, importers report that the U.S. potato supply is stable now, and foodservice operators are looking for promotional support to launch new menu items with U.S. potatoes. Importers in Myanmar reported that many foodservice operators have returned to using 100 percent U.S. potatoes at their restaurants.
Trade Data Monitor compiles these figures, and Potatoes USA accepts no liability for the content of these reports or for the consequences of any actions taken based on any information contained herein.
Stay tuned for more potato news as we continue to report.
