Potato retail sales on the rise, dollar sales up 17.2 percent
Potato retail sales increased in dollar sales by 17.2 percent but decreased in volume sales by 1.3 percent from October through December 2022 compared to the same time frame a year ago. Despite a slight decrease, volume sales remain above pre-pandemic levels.
All categories of potatoes increased in dollar sales, with the most significant occurring for frozen potatoes by 33.1 percent, followed by fresh potato sales at 20 percent and instant potatoes at 14.5 percent. Refrigerated potatoes were the only category to increase volume sales (3.3 percent). The largest decline in volume during the last quarter of 2022 was instant potatoes (7.6 percent) and canned potatoes (4.9 percent). Volume sales for potatoes were down for all other categories in the store, with an average decline of 1.3 percent.
Fresh potato dollar sales were up for all types except fingerling and purple. The most significant decrease in volume sales for the last quarter of 2022 were purple, white and red potatoes, down 34.4 percent, 10 percent and 9.3 percent, respectively.
All pack sizes, except packages greater than 10 pounds, saw an increase in dollars. Volume sales for all pack sizes of five pounds or less increased, with the most significant growth in five-pound bags (8.3 percent) and bags less than two pounds (3.8 percent).
On average, consumers spend $2.15 per pound for potatoes at retail, which is less than the prior quarter’s average cost of $2.35 per pound. Amidst the price increases, consumers still find potatoes to be an affordable product as dollar sales have continued to grow, and the volume of potatoes consumers purchase remains above levels in 2019.
IRI compiles these figures by working directly with retailers.