Cheapest Potatoes in the UK

Cheapest Potatoes in the UK

An Overview of the Potatoes Market in the UK

Potatoes are now used in classic British and Irish dishes, including shepherd’s pie, neeps and tatties, and chips. While the UK has long retained a strong potato sector, its expansion is astonishing. According to Shahbandeh (2021), on an annual basis, potatoes made up around $2.61 million British pounds in revenue in 2019. This value had virtually doubled over the preceding ten years.

In response to the COVID-19 outbreak, supermarkets and grocery shops throughout the globe have seen an increase in demand for fresh potatoes. The lockdown also raised the demand for fresh potatoes in the developing world. Because fresh potatoes are now in more demand than processed ones, the industry attempts to redirect potatoes away from processing and into the market. In 2019/20, households in the United Kingdom consumed an average of 355 grams of fresh potatoes per person per week, a decline from previous years (Shahbandeh, 2022).

Export Market Prices for Potatoes in the UK

Over the previous two decades, the value of British potato exports has risen steadily. Potato exports from the United Kingdom were worth more than $100 million in British pounds in 2020. Fresh potatoes accounted for the vast bulk of retail potato sales in the United Kingdom.

The price of potatoes in the United Kingdom (UK) has fluctuated throughout time. Potatoes cost $1.15 in 2017 and $1.24 in 2018 per kg before 2019. A -14.113 percent drop in the export price of $1.06 per kilo occurred in 2019 (“United Kingdom (UK) Potato Prices,” n.d.). Potatoes from the United Kingdom (UK) performed best in 2019 when sent to Iraq, Brazil, Turkey, Cyprus, and France.

Export Values for Potatoes in the UK

There were total export values of $ 321,175, $ 348,801, $ 397,703, and $ 402,244 in the United Kingdom (UK) for the years 2016, 2017, 2018, and 2019 respectively. For the year 2019, the United Kingdom (UK) exported potatoes worth $402.24 million, a 1.14% increase over the $397.703 million worth of potatoes sent in 2018 (“United Kingdom (UK) Potato Market Insights,” n.d.). Potato prices in the United Kingdom (UK) rose 14.02 percent annually between 2017 and 2018. Between 2017 and 2019, the number of potatoes exported from the UK fluctuated by 24.59 percent, while the growth rate fluctuated by 17.76 percent between 2018 and 2019 (“United Kingdom (UK) Potato Market Insights,” n.d.). In 2019, the United Kingdom (UK) had a 2.9 percent share of the world’s total potato exports. Potato exports from the United Kingdom (UK) are rated 8th in the world.

[A chart of UK potato export values] (n.d.). https://www.selinawamucii.com/insights/market/united-kingdom/potatoes/.

Potatoes Wholesale Prices in the UK

The wholesale price in the British pound price kilo is GBP 0.77 (“United Kingdom (UK) Potato Prices,” n.d.).

Potato Price per Tonne in the UK

In Birmingham and London, the average cost per tonne is $1062.61.

Potato Price per Pound in the UK

On average, UK potatoes will cost between $0.48 and $0.56 per pound(lb) in 2022.

Potato Price History in the UK

From 1994 through 2021, this index illustrates the yearly average price of potatoes produced in the United Kingdom. From 1994 to 2021, the total production price index rose steadily, reaching a high of 147.7 in 2013. The index dipped to 98.1 points in 2014, its lowest level since 2000. The production price index for potatoes was 132.5 points as of 2021. (100 index points in 2015).

Note. A graph showing the price index of potatoes in the UK from 1994 to 2021. Statista 2022.

References

Selina Wamucii. (n.d.). United Kingdom (UK) Potato Market Insights. Selina Wamucii. Retrieved March 25, 2022, from https://www.selinawamucii.com/insights/prices/united-kingdom/potatoes/

Selina Wamucii. (n.d.). United Kingdom (UK) Potato Prices. Selina Wamucii. Retrieved March 25, 2022, from https://www.selinawamucii.com/insights/prices/united-kingdom/potatoes/

Shahbandeh, M. (2021). Topic: Potato market in the United Kingdom (UK). Statista. Retrieved March 25, 2022, from https://www.statista.com/topics/7766/potato-market-in-the-united-kingdomk/#:~:text=While%20the%20UK%20has%20historically,from%20the%20previous%20ten%20years.

Shahbandeh, M. (2022, March 14). Potatoes output price index 1994-2021. Statista. Retrieved March 25, 2022, from https://www.statista.com/statistics/314505/potatoes-price-index-of-in-the-united-kingdom-uk/