South-Eastern Asia: Tomato Market 2024

Tomato Market Size in South-Eastern Asia

The Southeast Asian tomato market skyrocketed to $X in 2023, with an increase of X% against the previous year. Overall, consumption, however, showed resilient growth. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Tomato Production in South-Eastern Asia

In value terms, tomato production surged to $X in 2023 estimated in export price. In general, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

The country with the largest volume of tomato production was Indonesia (X tons), accounting for X% of total volume. Moreover, tomato production in Indonesia exceeded the figures recorded by the second-largest producer, the Philippines (X tons), fivefold. Malaysia (X tons) ranked third in terms of total production with an X% share.

From 2012 to 2023, the average annual growth rate of volume in Indonesia amounted to X%. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Malaysia (X% per year).

The average tomato yield stood at X tons per ha in 2023, approximately mirroring the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2021; however, from 2022 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The tomato harvested area dropped modestly to X ha in 2023, declining by X% compared with 2022. In general, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2022, and then fell modestly in the following year.

Tomato Exports

Exports in South-Eastern Asia

Tomato exports contracted slightly to X tons in 2023, reducing by X% against the previous year. Over the period under review, exports recorded a mild slump. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, tomato exports reduced modestly to $X in 2023. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

Malaysia dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2023. Thailand (X tons) followed a long way behind the leaders.

Malaysia experienced a relatively flat trend pattern with regard to volume of exports of tomatoes. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Malaysia increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest tomato supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

In Malaysia, tomato exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, standing approx. at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%).

Tomato Imports

Imports in South-Eastern Asia

In 2023, approx. X tons of tomatoes were imported in South-Eastern Asia; surging by X% against the previous year. The total import volume 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, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tomato imports rose remarkably to $X in 2023. Total imports indicated a perceptible increase from 2012 to 2023: its value 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the peak figure in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

Singapore prevails in imports structure, recording X tons, which was near X% of total imports in 2023. Brunei Darussalam (X tons) ranks second in terms of the total imports with an X% share, followed by Malaysia (X%) and Vietnam (X%).

Singapore experienced a relatively flat trend pattern with regard to volume of imports of tomatoes. At the same time, Vietnam (X%), Brunei Darussalam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Brunei Darussalam (X p.p.), Vietnam (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported tomatoes in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total imports. It was followed by Brunei Darussalam, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Brunei Darussalam (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, with an increase of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the import price increased by X%. Over the period under review, import prices hit record highs in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform