Asia: Tomato Puree Market 2024

Tomato Puree Market Size in Asia

In 2022, the Asian tomato puree market decreased by -9.3% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Tomato Puree Production in Asia

In value terms, tomato puree production reduced to $X in 2022 estimated in export price. Overall, production recorded a notable expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 48%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Tomato Puree Exports

Exports in Asia

After two years of decline, overseas shipments of tomato puree and paste increased by 25% to X tons in 2022. The total export volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tomato puree exports soared to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the main exporting country with an export of about X tons, which reached 69% of total exports. It was distantly followed by Turkey (X tons), creating a 22% share of total exports. Iran (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tomato puree exports from China stood at -1.1%. At the same time, Iran (+20.3%), Turkey (+13.9%) and the United Arab Emirates (+5.1%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in Asia, with a CAGR of +20.3% from 2012-2022. From 2012 to 2022, the share of Turkey and Iran increased by +16 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tomato puree supplying countries in Asia were China ($X), Turkey ($X) and Iran ($X), with a combined 94% share of total exports.

Among the main exporting countries, Iran, with a CAGR of +15.4%, recorded the highest growth rate of the value of exports, 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 Asia stood at $X per ton in 2022, with an increase of 25% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The level of export peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($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 United Arab Emirates (+2.3%), while the other leaders experienced more modest paces of growth.

Tomato Puree Imports

Imports in Asia

In 2022, the amount of tomato puree and paste imported in Asia expanded significantly to X tons, picking up by 6.4% on 2021 figures. The total import volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 40% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, tomato puree imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 47%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X tons) and Iraq (X tons) represented roughly 33% of total imports in 2022. It was distantly followed by Saudi Arabia (X tons), Yemen (X tons), Turkey (X tons), the Philippines (X tons) and the United Arab Emirates (X tons), together constituting a 33% share of total imports. South Korea (X tons), Thailand (X tons), Oman (X tons), Kazakhstan (X tons), Israel (X tons) and Kuwait (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +70.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tomato puree importing markets in Asia were Japan ($X), Iraq ($X) and Saudi Arabia ($X), with a combined 45% share of total imports. Turkey, the Philippines, the United Arab Emirates, South Korea, Yemen, Thailand, Israel, Kazakhstan, Oman and Kuwait lagged somewhat behind, together comprising a further 39%.

Turkey, with a CAGR of +62.0%, saw the highest growth rate of 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, picking up by 7.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 11% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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