Brazil: Preserved Tomato Market 2024

Preserved Tomato Market Size in Brazil

The Brazilian preserved tomato market amounted to $X in 2021, growing by 4.6% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.4% against 2019 indices. Preserved tomato consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Preserved Tomato Production in Brazil

In value terms, preserved tomato production rose markedly to $X in 2021 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.3% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 61%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Preserved Tomato Exports

Exports from Brazil

In 2021, after three years of growth, there was significant decline in shipments abroad of preserved tomatoes, when their volume decreased by -54.5% to X tons. In general, exports saw a deep reduction. The growth pace was the most rapid in 2018 when exports increased by 258%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved tomato exports shrank markedly to $X in 2021. Overall, exports recorded a abrupt decline. The growth pace was the most rapid in 2019 when exports increased by 215%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X tons) was the main destination for preserved tomato exports from Brazil, accounting for a 42% share of total exports. Moreover, preserved tomato exports to Venezuela exceeded the volume sent to the second major destination, Marshall Islands (X tons), sixfold. Liberia (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to Venezuela amounted to +74.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (+35.7% per year) and Liberia (+57.7% per year).

In value terms, Venezuela ($X) emerged as the key foreign market for preserved tomatoes exports from Brazil, comprising 30% of total exports. The second position in the ranking was taken by Marshall Islands ($X), with a 9.5% share of total exports. It was followed by Liberia, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Venezuela stood at +64.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (+84.1% per year) and Liberia (+80.1% per year).

Export Prices by Country

In 2021, the average preserved tomato export price amounted to $X per ton, surging by 13% against the previous year. Overall, the export price showed a slight increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 65% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Marshall Islands (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Tomato Imports

Imports into Brazil

In 2021, approx. X tons of preserved tomatoes were imported into Brazil; growing by 2.1% on the previous year. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 15%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, preserved tomato imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 21% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of preserved tomato to Brazil, accounting for a 76% share of total imports. Moreover, preserved tomato imports from Italy exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +1.9%.

In value terms, Italy ($X) constituted the largest supplier of preserved tomatoes to Brazil, comprising 78% of total imports. The second position in the ranking was taken by Argentina ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +3.5%.

Import Prices by Country

In 2021, the average preserved tomato import price amounted to $X per ton, picking up by 10% against the previous year. Overall, the import price saw a slight increase. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Argentina stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.6%).

Source: IndexBox Platform

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