July 2023 – June 2024: U.S. Potato Exports Reach Record Value
The value of U.S. potato exports increased by 4.0% to a new high of USD2.3bn over the July 2023 – June 2024 12-month period. During that period, the volume of exports dropped marginally (-1.6%) to 3.3m metric tons (fresh weight equivalent).
The value of U.S. potato exports rose in every category: frozen (4.2%), fresh (4.9%), chips (2.7%), dried (2.2%), and seed (19.0%). In terms of export volumes, there were gains in fresh (7.5%), dehydrated (0.7%), and seed (12.4%) but decreases in frozen (-6.1%) and chips (-3.3%).
For the second consecutive year, Mexico was the U.S.’ top export destination, ahead of Canada and Japan, between July 2023 and June 2024.
The value of U.S. frozen potato exports rose to USD1.5bn, while volume fell to 1.5m metric tons. The top export markets for frozen potatoes were Japan, Mexico, and South Korea. Export value increased for Japan (5.8%) and Mexico (14.4%) but fell for South Korea (-2.9%). Export volume rose for Mexico (3.0%) but declined for Japan (-11.1%) and South Korea (-7.3%).
The value of exported dehydrated potatoes rose to USD263.1m and volume increased to 899,032 metric tons. The top destinations for U.S. dehydrated potatoes were Canada, Mexico, and Japan. Both the value (15.0%) and volume (15.5%) of exported dehydrated potatoes rose significantly for Canada.
The value of fresh potato exports rose to USD327.9m and the volume rose to 611,461 metric tons. Mexico, Canada, and Japan were the top export markets for U.S. fresh potatoes, with both value (31.6%) and volume (62.7%) increasing significantly for Mexico. The entire Mexican market opened to U.S. fresh potato exports in May 2022.
Seed had an increase in value to USD15.4m, while chips saw an increase to USD225.2m, although making up smaller shares of U.S. potato exports. Seed volume increased to 32,301 metric tons, while chip volume decreased to 206,264 metric tons.
