ASEAN: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in ASEAN

The ASEAN tomato ketchup market expanded modestly to $X in 2022, surging by 3.5% against the previous year. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Tomato Ketchup Production in ASEAN

In value terms, tomato ketchup production expanded slightly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25%. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Tomato Ketchup Exports

Exports in ASEAN

In 2022, shipments abroad of tomato ketchup and tomato sauces increased by 15% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a relatively flat trend pattern. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, tomato ketchup exports rose notably to $X in 2022. The total export value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 20%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Thailand (X tons), Malaysia (X tons) and Vietnam (X tons) represented roughly 85% of total exports in 2022. The Philippines (X tons) ranks next in terms of the total exports with an 8.3% share, followed by Indonesia (5%). Singapore (X tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +11.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2022, with a combined 81% share of total exports. The Philippines, Indonesia and Singapore lagged somewhat behind, together comprising a further 19%.

The Philippines, with a CAGR of +15.6%, saw the highest rates of growth with regard to 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 ASEAN stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 13% against the previous year. The level of export peaked at $X per ton in 2017; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+3.9%), while the other leaders experienced more modest paces of growth.

Tomato Ketchup Imports

Imports in ASEAN

In 2022, overseas purchases of tomato ketchup and tomato sauces increased by 9.5% to X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 17%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, tomato ketchup imports stood at $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 22%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Singapore (X tons), the Philippines (X tons), Indonesia (X tons), Vietnam (X tons), Malaysia (X tons) and Cambodia (X tons) represented roughly 89% of total imports in 2022. Thailand (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +19.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the Philippines ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 58% of total imports.

Among the main importing countries, Indonesia, with a CAGR of +18.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2020 when the import price increased by 13% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform