China: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in China

The Chinese tomato ketchup market reached $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Tomato Ketchup Production in China

In value terms, tomato ketchup production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the production volume increased by 20% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Tomato Ketchup Exports

Exports from China

After two years of growth, shipments abroad of tomato ketchup and tomato sauces decreased by -44% to X tons in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 76% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, tomato ketchup exports fell sharply to $X in 2022. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 82% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Chile (X tons), Australia (X tons) and Ghana (X tons) were the main destinations of tomato ketchup exports from China, with a combined 45% share of total exports. New Zealand, French Polynesia, South Africa, Burkina Faso, Nigeria, Kenya, Panama and Singapore lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of +70.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Australia ($X) and Ghana ($X) appeared to be the largest markets for tomato ketchup exported from China worldwide, with a combined 35% share of total exports. New Zealand, French Polynesia, South Africa, Burkina Faso, Kenya, Nigeria, Panama and Singapore lagged somewhat behind, together comprising a further 18%.

Burkina Faso, with a CAGR of +96.8%, saw the highest growth rate of the value of exports, among 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 ketchup export price stood at $X per ton in 2022, surging by 11% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 23%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to Chile ($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 Burkina Faso (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports

Imports into China

In 2022, supplies from abroad of tomato ketchup and tomato sauces increased by 3% to X tons, rising for the third year in a row after four years of decline. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 +36.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 52% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tomato ketchup imports expanded notably to $X in 2022. In general, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 69% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Australia (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of tomato ketchup imports to China, with a combined 58% share of total imports. South Korea, Spain, Indonesia, Mexico and Sweden lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +209.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and Italy ($X) constituted the largest tomato ketchup suppliers to China, with a combined 61% share of total imports. Mexico, Spain, Indonesia, South Korea and Sweden lagged somewhat behind, together comprising a further 21%.

Among the main suppliers, Mexico, with a CAGR of +208.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tomato ketchup import price amounted to $X per ton, with an increase of 4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2020 an increase of 32%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for South Korea ($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 States (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :