Europe: Sweet Potato Market 2024

Sweet Potato Market Size in Europe

The Europe sweet potato market rose remarkably to $X in 2023, with an increase of X% against the previous year. In general, consumption recorded a resilient increase. Over the period under review, the market reached the maximum level in 2023 and is likely to continue growth in the immediate term.

Sweet Potato Production in Europe

In value terms, sweet potato production rose modestly to $X in 2023 estimated in export price. Over the period under review, production recorded a pronounced increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

The country with the largest volume of sweet potato production was Spain (X tons), accounting for X% of total volume. Moreover, sweet potato production in Spain exceeded the figures recorded by the second-largest producer, Portugal (X tons), fourfold. Italy (X tons) ranked third in terms of total production with a X% share.

In Spain, sweet potato production increased at an average annual rate of X% over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: Portugal (X% per year) and Italy (X% per year).

In 2023, the average sweet potato yield in Europe totaled X tons per ha, remaining stable against 2022 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the yield increased by X%. The level of yield peaked at X tons per ha in 2021; however, from 2022 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sweet potato harvested area totaled X ha in 2023, remaining stable against the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to sweet potato production reached the peak figure at X ha in 2021; afterwards, it flattened through to 2023.

Sweet Potato Exports

Exports in Europe

In 2023, overseas shipments of sweet potatoes decreased by X% to X tons for the first time since 2013, thus ending a nine-year rising trend. Overall, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2022, and then declined in the following year.

In value terms, sweet potato exports expanded sharply to $X in 2023. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

In 2023, the Netherlands (X tons) represented the main exporter of sweet potatoes, constituting X% of total exports. Spain (X tons) held the second position in the ranking, followed by Portugal (X tons) and Belgium (X tons). All these countries together took near X% share of total exports. The following exporters - France (X tons), Poland (X tons) and Germany (X tons) - each accounted for a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to sweet potato exports from the Netherlands stood at X%. At the same time, Poland (X%), Portugal (X%), Belgium (X%), France (X%), Germany (X%) and Spain (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. The Netherlands (X p.p.), Portugal (X p.p.), Belgium (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Spain saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest sweet potato supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with an X% share of total exports. It was followed by Portugal, with a X% share.

In the Netherlands, sweet potato exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Spain (X% per year) and Portugal (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the other leaders experienced a decline in the export price figures.

Sweet Potato Imports

Imports in Europe

Sweet potato imports expanded modestly to X tons in 2023, increasing by X% against the year before. Overall, imports showed a prominent expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is likely to see gradual growth in the immediate term.

In value terms, sweet potato imports expanded significantly to $X in 2023. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the Netherlands (X tons), distantly followed by the UK (X tons), France (X tons), Belgium (X tons) and Germany (X tons) represented the major importers of sweet potatoes, together constituting X% of total imports. Italy (X tons) and Spain (X tons) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the UK ($X) and Germany ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. France, Belgium, Italy and Spain lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, growing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform