From April to June 2022, US potato retail sales increased in USD but decreased slightly in volume when compared to the same period in 2021. USD sales increased by 12.6% as prices increased by 13.6%.
While total volume sales decreased 0.8% from the same period last year, they remained higher than in the same period before the pandemic in 2019. Instant, refrigerated, and canned potatoes all increased in volume and USD sales.
Potato chips, frozen potatoes, and fresh potatoes, which account for the majority of volume sales, all increased in USD sales but fell slightly in volume sales.
Potato chips increased in USD sales by 13.7% but decreased in volume sales by 1.1%.
Frozen potatoes elevated by 14.7% in USD but lessened by 1.2% in volume, while fresh potatoes increased by 11.7% in USD but decreased by 0.8% in volume sales.
Fresh potato sales increased by 11.7%, and the price per pound increased by 12.6%, but the average price for fresh potatoes remains under USD1.
“Most fresh potato types increased in USD sales but declined in volume sales, except for yellow and fingerling potatoes. Yellow potatoes increased by 8.3%, and fingerling potatoes increased by 6% in volume sales,” according to a recent PotatoUSA report.
When it comes to package types, bagged potatoes account for 84% of the volume and are the only category that increased in both USD and volume sales, increasing 13.6% and 1.1%, respectively.
“Five-pound bags were the only category to increase in USD (15.8%) and volume sales (4.2%). All pack sizes eight pounds or greater saw the largest declines in volume sales but the largest price increases,” the report concluded.
A source: https://www.potatobusiness.com
