MERCOSUR: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in MERCOSUR

In 2023, the MERCOSUR tomato ketchup market increased by X% to $X, rising for the second year in a row after five years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Tomato Ketchup Production in MERCOSUR

In value terms, tomato ketchup production reached $X in 2023 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Tomato Ketchup Exports

Exports in MERCOSUR

In 2023, after three years of growth, there was significant decline in overseas shipments of tomato ketchup and tomato sauces, when their volume decreased by X% to X tons. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, tomato ketchup exports amounted to $X in 2023. Total exports indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2023, Brazil (X tons) and Argentina (X tons) were the largest exporters of tomato ketchup and tomato sauces in MERCOSUR, together amounting to near X% of total exports. It was distantly followed by Chile (X tons), Colombia (X tons) and Peru (X tons), together committing a X% share of total exports. Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Colombia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest tomato ketchup supplying countries in MERCOSUR were Chile ($X), Argentina ($X) and Brazil ($X), with a combined X% share of total exports. Colombia, Peru and Uruguay lagged somewhat behind, together comprising a further X%.

Colombia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, with an increase of X% against the previous year. Export price indicated a temperate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, tomato ketchup export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Tomato Ketchup Imports

Imports in MERCOSUR

In 2023, supplies from abroad of tomato ketchup and tomato sauces was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports enjoyed resilient growth. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, tomato ketchup imports rose remarkably to $X in 2023. Overall, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

Chile represented the major importing country with an import of about X tons, which accounted for X% of total imports. Paraguay (X tons) ranks second in terms of the total imports with an X% share, followed by Colombia (X%), Brazil (X%), Uruguay (X%) and Guyana (X%). Peru (X tons) took a minor share of total imports.

Chile was also the fastest-growing in terms of the tomato ketchup and tomato sauces imports, with a CAGR of X% from 2012 to 2023. At the same time, Colombia (X%), Peru (X%), Paraguay (X%), Uruguay (X%) and Guyana (X%) displayed positive paces of growth. By contrast, Brazil (X%) illustrated a downward trend over the same period. Chile (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total imports, while Paraguay, Guyana and Brazil saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported tomato ketchup and tomato sauces in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Chile stood at X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2023 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Guyana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform