The production of frozen potatoes in Russia between 2014-2018 increased tremendously from 4.7 thousand tons to 42.4 thousand tons, according to a BusinesStat analysis reported by RBC.
According to this study, the 2014-17, the annual production output ranged from 4.6 thousand tons to 6.1 thousand tons, and the main growth in the production over the five-year period came in 2018 (9.2 times the level of 2017) mainly due to a joint venture between domestic producer Belaya Ducha and U.S. frozen fries marker Lamb Weston, launched in 2018.
Last year, the joined entity supplied 39.5 thousand tons of frozen potatoes to the Russian market or 94% of the total production. The company’s launch was preceded by the creation of its raw material base in the Tambov Region, where potato cultivation of the required varieties was established.
As per data by BusinesStat analysts, the growth in the production of frozen potatoes will continue in the next five years. The highest growth is expected in 2019-20. In 2023, the production of frozen potatoes in Russia is forecasted to reach 106.5 thousand tons.
Analysts noted that up until 2018, frozen potatoes intended for fast food chains in the country were mostly imported.