Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in China - 2023
Contents:
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in China (FOB) - 2023
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in China (CIF) - 2023
- Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in China
- Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in China
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in China (FOB) - 2023
In December 2023, the average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,165 per ton, therefore, remained relatively stable against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 7.3% m-o-m. The export price peaked at $1,175 per ton in October 2023; afterwards, it flattened through to December 2023.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was South Africa ($1,379 per ton), while the average price for exports to Togo ($833 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in China (CIF) - 2023
The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,307 per ton in December 2023, rising by 7% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 13% m-o-m. The import price peaked at $1,384 per ton in September 2023; however, from October 2023 to December 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Iran ($1,328 per ton), while the price for Italy amounted to $1,266 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+0.5%).
Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in China
In 2022, after two years of decline, there was significant growth in overseas shipments of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid, when their volume increased by 24% to 960K tons. In general, exports recorded a mild expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid skyrocketed to $919M in 2022. The total export value increased at an average annual rate of +8.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 68.8 | 74.6 | 72.9 | 91.9 | 10.1% |
| Russia | 55.9 | 44.6 | 40.7 | 76.6 | 11.1% |
| Ghana | 41.3 | 39.8 | 46.7 | 43.3 | 1.6% |
| Nigeria | 63.2 | 42.0 | 48.2 | 40.2 | -14.0% |
| Saudi Arabia | 22.9 | 27.2 | 22.2 | 39.9 | 20.3% |
| Philippines | 28.2 | 25.7 | 29.2 | 39.2 | 11.6% |
| Iraq | 1.7 | 0.3 | 0.3 | 36.4 | 177.7% |
| Togo | 39.6 | 33.6 | 25.1 | 24.8 | -14.4% |
| United Arab Emirates | 30.7 | 11.1 | 11.3 | 23.5 | -8.5% |
| Yemen | 21.2 | 20.3 | 19.9 | 21.5 | 0.5% |
| Thailand | 8.6 | 10.9 | 12.3 | 20.2 | 32.9% |
| Kazakhstan | 13.4 | 17.6 | 14.7 | 19.5 | 13.3% |
| Benin | 15.8 | 18.4 | 20.5 | 16.3 | 1.0% |
| Others | 304 | 314 | 268 | 426 | 11.9% |
| Total | 715 | 680 | 632 | 919 | 8.7% |
Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from China in 2022:
- Italy (99.8K tons)
- Russia (83.4K tons)
- Ghana (49.6K tons)
- Nigeria (45.3K tons)
- Philippines (42.9K tons)
- Saudi Arabia (42.6K tons)
- Iraq (35.5K tons)
- Togo (30.4K tons)
- United Arab Emirates (24.1K tons)
- Thailand (22.6K tons)
- Benin (21.4K tons)
- Kazakhstan (20.1K tons)
- Yemen (19.9K tons)
Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in China
After three years of growth, supplies from abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid decreased by -46.2% to 8.6K tons in 2022. Overall, imports faced a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of 16K tons, and then reduced dramatically in the following year.
In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid contracted significantly to $8.9M in 2022. In general, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of $15M, and then fell dramatically in the following year.
| Import of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 6.5 | 6.7 | 8.0 | 7.8 | 6.3% |
| United States | 5.8 | 3.5 | 4.5 | 1.0 | -44.3% |
| Iran | N/A | 0.9 | 2.0 | N/A | 122.2% |
| Others | 0.6 | 0.6 | 0.6 | 0.1 | -45.0% |
| Total | 12.9 | 11.8 | 15.0 | 8.9 | -11.6% |
Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to China in 2022:
- Italy (7.8K tons)
- United States (0.7K tons)
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This report provides an in-depth analysis of the global tomato puree market.
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This report provides an in-depth analysis of the preserved tomato market in China.
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This report provides an in-depth analysis of the tomato puree market in China.
867
This report provides an in-depth analysis of the global preserved tomato market.
2086
This report provides an in-depth analysis of the global tomato puree market.
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