GCC: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in GCC

The GCC tomato ketchup market reduced slightly to $X in 2022, which is down by -2.3% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Tomato Ketchup Production in GCC

In value terms, tomato ketchup production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 29%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Tomato Ketchup Exports

Exports in GCC

Tomato ketchup exports shrank to X tons in 2022, falling by -2.1% on 2021. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 27% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tomato ketchup exports fell to $X in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 13% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the major exporting country with an export of around X tons, which amounted to 48% of total exports. Oman (X tons) ranks second in terms of the total exports with a 24% share, followed by Saudi Arabia (19%) and Kuwait (9.1%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kuwait (with a CAGR of +21.4%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the United Arab Emirates ($X), Oman ($X) and Saudi Arabia ($X) were the countries with the highest levels of exports in 2022, together accounting for 88% of total exports. These countries were followed by Kuwait, which accounted for a further 12%.

Among the main exporting countries, Kuwait, with a CAGR of +19.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, falling by -2.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 when the export price increased by 18% against the previous year. The level of export peaked at $X per ton in 2021, and then fell slightly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Kuwait ($X per ton) and Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.0%), while the other leaders experienced more modest paces of growth.

Tomato Ketchup Imports

Imports in GCC

In 2022, supplies from abroad of tomato ketchup and tomato sauces decreased by -2.3% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 18%. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank modestly in the following year.

In value terms, tomato ketchup imports stood at $X in 2022. The total import value increased at an average annual rate of +5.4% 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 imports increased by 18% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the key importers of tomato ketchup and tomato sauces in 2022, resulting at near 34% and 28% of total imports, respectively. It was distantly followed by Kuwait (X tons), Qatar (X tons) and Oman (X tons), together comprising a 34% share of total imports. Bahrain (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Oman (with a CAGR of +8.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Qatar ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 77% share of total imports. Kuwait, Oman and Bahrain lagged somewhat behind, together comprising a further 23%.

Oman, with a CAGR of +9.5%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, surging by 2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2015 an increase of 4.5% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform