China: Tomato Juice Market 2024

Tomato Juice Market Size in China

The Chinese tomato juice market rose to $X in 2022, growing by 2.5% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Tomato Juice Production in China

In value terms, tomato juice production rose notably to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 94%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Tomato Juice Exports

Exports from China

In 2022, tomato juice exports from China soared to X tons, with an increase of 50% compared with the previous year's figure. Overall, exports, however, faced a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 248% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tomato juice exports soared to $X in 2022. Over the period under review, exports, however, faced a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 375% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X tons), Thailand (X tons) and Germany (X tons) were the main destinations of tomato juice exports from China, with a combined 86% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +10.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tomato juice exported from China were Japan ($X), Thailand ($X) and Germany ($X), together accounting for 95% of total exports.

Thailand, with a CAGR of +10.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tomato juice export price stood at $X per ton in 2022, reducing by -12.2% against the previous year. In general, the export price, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 66%. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Juice Imports

Imports into China

In 2022, overseas purchases of tomato juice decreased by -25.8% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate tangible growth. The pace of growth was the most pronounced in 2019 with an increase of 98% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, tomato juice imports contracted dramatically to $X in 2022. Overall, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2019 with an increase of 130% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), Cyprus (X tons) and Spain (X tons) were the main suppliers of tomato juice imports to China, with a combined 93% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +42.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of tomato juice to China, comprising 65% of total imports. The second position in the ranking was held by Spain ($X), with a 16% share of total imports. It was followed by Cyprus, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to +34.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+35.1% per year) and Cyprus (+19.2% per year).

Import Prices by Country

The average tomato juice import price stood at $X per ton in 2022, with an increase of 3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :