Asia: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Asia

The Asian tomato ketchup market was estimated at $X in 2022, leveling off at the previous year. Overall, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 4.1%. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Tomato Ketchup Production in Asia

In value terms, tomato ketchup production totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 8.2% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Tomato Ketchup Exports

Exports in Asia

In 2022, exports of tomato ketchup and tomato sauces in Asia shrank to X tons, which is down by -9.7% against the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 20% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, tomato ketchup exports shrank to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 16% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons), Turkey (X tons) and the United Arab Emirates (X tons) represented roughly 51% of total exports in 2022. Oman (X tons) ranks next in terms of the total exports with a 7.9% share, followed by Saudi Arabia (6.2%), Thailand (5.4%) and Malaysia (5.1%). Vietnam (X tons), India (X tons), Kuwait (X tons), South Korea (X tons) and Hong Kong SAR (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kuwait (with a CAGR of +21.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest tomato ketchup supplying countries in Asia were Turkey ($X), the United Arab Emirates ($X) and China ($X), together comprising 45% of total exports. Oman, Saudi Arabia, Thailand, Malaysia, India, Kuwait, South Korea, Vietnam and Hong Kong SAR lagged somewhat behind, together accounting for a further 45%.

Kuwait, with a CAGR of +19.9%, recorded the highest growth rate of the value of exports, among 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

In 2022, the export price in Asia amounted to $X per ton, surging by 5% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by 5.1%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.0%), while the other leaders experienced more modest paces of growth.

Tomato Ketchup Imports

Imports in Asia

Tomato ketchup imports expanded slightly to X tons in 2022, surging by 2.7% against the previous year. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, 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 10%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, tomato ketchup imports stood at $X in 2022. The total import value increased at an average annual rate of +5.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 13%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) represented roughly 23% of total imports in 2022. Israel (X tons) ranks next in terms of the total imports with a 6.9% share, followed by Kuwait (6%), Iraq (5.3%) and South Korea (4.6%). Qatar (X tons), Japan (X tons), Hong Kong SAR (X tons), Kazakhstan (X tons), China (X tons), Turkey (X tons) and Taiwan (Chinese) (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +16.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tomato ketchup importing markets in Asia were Saudi Arabia ($X), the United Arab Emirates ($X) and Israel ($X), with a combined 31% share of total imports.

Israel, with a CAGR of +11.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 Asia stood at $X per ton in 2022, rising by 3.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 when the import price increased by 6.9%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 Qatar ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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