Turkey - Tomato Puree And Paste - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTomato Puree Price in Turkey Reaches $1,855 per Ton
Turkey Tomato Puree Export Price in December 2022
In December 2022, the tomato puree price amounted to $1,855 per ton (FOB, Turkey), remaining relatively unchanged against the previous month. In general, export price indicated prominent growth from January 2022 to December 2022: its price increased at an average monthly rate of +5.0% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, tomato puree export price decreased by -1.4% against October 2022 indices. The growth pace was the most rapid in September 2022 when the average export price increased by 17% month-to-month. The export price peaked at $1,881 per ton in October 2022; afterwards, it flattened through to December 2022.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Germany ($2,180 per ton), while the average price for exports to the Netherlands ($1,360 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Turkey Tomato Puree Exports
In December 2022, overseas shipments of tomato puree and paste increased by 19% to 23K tons for the first time since September 2022, thus ending a two-month declining trend. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2022 with an increase of 111% month-to-month. Over the period under review, the exports attained the maximum at 41K tons in September 2022; however, from October 2022 to December 2022, the exports remained at a lower figure.
In value terms, tomato puree exports soared to $43M (IndexBox estimates) in December 2022. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in August 2022 with an increase of 107% against the previous month. Over the period under review, the exports hit record highs at 72K tons in September 2022; however, from October 2022 to December 2022, the exports stood at a somewhat lower figure.
Turkey Tomato Puree Exports by Country
Iraq (16K tons) was the main destination for tomato puree exports from Turkey, accounting for a 69% share of total exports. Moreover, tomato puree exports to Iraq exceeded the volume sent to the second major destination, Japan (2.1K tons), eightfold. the Netherlands (823 tons) ranked third in terms of total exports with a 3.5% share.
From January 2022 to December 2022, the average monthly growth rate of volume to Iraq amounted to +3.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (+5.4% per month) and the Netherlands (+14.4% per month).
In value terms, Iraq ($29M) remains the key foreign market for tomato puree exports from Turkey, comprising 68% of total exports. The second position in the ranking was taken by Japan ($3.9M), with an 8.9% share of total exports. It was followed by Germany, with a 3.7% share.
From January 2022 to December 2022, the average monthly rate of growth in terms of value to Iraq amounted to +8.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (+10.9% per month) and Germany (+5.0% per month).
Factors Affecting Tomato Puree Prices
Tomato puree prices in Turkey have been on the rise, and there are several reasons behind this trend. Tomato puree is a widely consumed food product in Turkey and is used in a variety of dishes.
One of the main reasons for the growth in tomato puree prices is the increase in the cost of raw materials. Tomatoes are the primary raw material used in the production of tomato puree, and any increase in the cost of tomatoes can have a significant impact on the price of tomato puree. Factors such as unfavorable weather conditions, pests, and diseases can all affect tomato yields and contribute to the increase in tomato prices.
Another reason for the increase in tomato puree prices is the increase in transportation costs. Turkey is a large country, and the transportation of tomatoes from the farms to the processing plants can be expensive. Any increase in fuel prices or transportation costs can lead to an increase in the price of tomato puree.
The increasing demand for tomato puree in Turkey is another factor contributing to the rise in prices. Tomato puree is a staple food item in Turkish cuisine and is used in many dishes such as stews, soups, and sauces. The growth of the food industry and the increasing popularity of Turkish cuisine globally have led to a rise in demand for tomato puree.
In addition to these factors, government policies and regulations can also impact tomato puree prices in Turkey. Any changes in policies related to agriculture, import-export, or taxation can affect the production and distribution of tomato puree and contribute to fluctuations in its price.
This report provides an in-depth analysis of the tomato puree market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 391 - Paste of Tomatoes
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
