Australia and Oceania: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Australia and Oceania

The tomato ketchup market in Australia and Oceania rose to $X in 2022, picking up by 2.7% against the previous year. The market value increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Tomato Ketchup Production in Australia and Oceania

In value terms, tomato ketchup production amounted to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.7% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 45%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Tomato Ketchup Exports

Exports in Australia and Oceania

In 2022, overseas shipments of tomato ketchup and tomato sauces increased by 8% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.5% 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 when exports increased by 28% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, tomato ketchup exports expanded to $X in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 22%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The shipments of the two major exporters of tomato ketchup and tomato sauces, namely New Zealand and Australia, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Australia (with a CAGR of +10.2%).

In value terms, New Zealand ($X) and Australia ($X) constituted the countries with the highest levels of exports in 2022.

Australia, with a CAGR of +7.0%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, with a decrease of -3.9% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 14% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-0.7%).

Tomato Ketchup Imports

Imports in Australia and Oceania

Tomato ketchup imports skyrocketed to X tons in 2022, jumping by 16% against the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, tomato ketchup imports soared to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.0% against 2015 indices. The pace of growth was the most pronounced in 2017 when imports increased by 22%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Australia (X tons) was the key importer of tomato ketchup and tomato sauces, creating 68% of total imports. It was distantly followed by New Zealand (X tons), creating a 20% share of total imports. The following importers - French Polynesia (X tons) and New Caledonia (X tons) - together made up 7.2% of total imports.

From 2012 to 2022, average annual rates of growth with regard to tomato ketchup imports into Australia stood at -1.3%. New Zealand, New Caledonia and French Polynesia experienced a relatively flat trend pattern. New Zealand (+2.8 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -3.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported tomato ketchup and tomato sauces in Australia and Oceania, comprising 70% of total imports. The second position in the ranking was held by New Zealand ($X), with a 19% share of total imports. It was followed by French Polynesia, with a 4% share.

In Australia, tomato ketchup imports increased at an average annual rate of +10.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+0.8% per year) and French Polynesia (+1.0% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, with an increase of 2.3% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tomato ketchup import price increased by +39.9% against 2014 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 37%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Australia ($X per ton) and New Zealand ($X per ton), while New Caledonia ($X per ton) and French Polynesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+12.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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