Australia and Oceania: Tomato Puree Market 2024

Tomato Puree Market Size in Australia and Oceania

The tomato puree market in Australia and Oceania skyrocketed to $X in 2022, increasing by 19% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.9% against 2018 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Tomato Puree Production in Australia and Oceania

In value terms, tomato puree production contracted modestly to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +0.7% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 88% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Tomato Puree Exports

Exports in Australia and Oceania

After two years of growth, overseas shipments of tomato puree and paste decreased by -27.4% to X tons in 2022. Over the period under review, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2020 when exports increased by 108%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, tomato puree exports contracted remarkably to $X in 2022. Overall, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 152%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Australia was the largest exporter of tomato puree and paste in Australia and Oceania, with the volume of exports resulting at X tons, which was approx. 63% of total exports in 2022. It was distantly followed by New Zealand (X tons), creating a 37% 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 Australia (with a CAGR of +6.0%).

In value terms, Australia ($X) remains the largest tomato puree supplier in Australia and Oceania, comprising 69% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 31% share of total exports.

In Australia, tomato puree exports expanded at an average annual rate of +9.8% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, flattening at the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tomato puree export price increased by +107.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 35% against the previous year. The level of export peaked at $X per ton in 2021, and then reduced modestly in the following year.

Average prices varied somewhat 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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.6%).

Tomato Puree Imports

Imports in Australia and Oceania

In 2022, the amount of tomato puree and paste imported in Australia and Oceania rose rapidly to X tons, picking up by 13% compared with 2021 figures. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 15% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, tomato puree imports surged to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +59.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the main importer of tomato puree and paste in Australia and Oceania, with the volume of imports resulting at X tons, which was near 81% of total imports in 2022. It was distantly followed by New Zealand (X tons), constituting a 17% share of total imports.

Australia was also the fastest-growing in terms of the tomato puree and paste imports, with a CAGR of +1.7% from 2012 to 2022. New Zealand experienced a relatively flat trend pattern. While the share of Australia (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (-1.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported tomato puree and paste in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was held by New Zealand ($X), with a 17% share of total imports.

In Australia, tomato puree imports expanded at an average annual rate of +6.9% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, rising by 13% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tomato puree import price increased by +57.1% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 20%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.0%).

Source: IndexBox Platform

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