India: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in India

The Indian tomato ketchup market expanded significantly to $X in 2022, increasing by 5.8% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.3% against 2020 indices. 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 Ketchup Production in India

In value terms, tomato ketchup production expanded remarkably to $X in 2022 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 -6.0% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 34%. Tomato ketchup production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Tomato Ketchup Exports

Exports from India

In 2022, after three years of growth, there was decline in overseas shipments of tomato ketchup and tomato sauces, when their volume decreased by -4.5% to X tons. Overall, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +103.7% against 2012 indices. The growth pace was the most rapid in 2021 when exports increased by 34%. As a result, the exports attained the peak of X tons, and then reduced modestly in the following year.

In value terms, tomato ketchup exports declined to $X in 2022. In general, exports, however, posted resilient growth. The growth pace was the most rapid in 2013 when exports increased by 61% against the previous year. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

The United States (X tons), the Philippines (X tons) and Malaysia (X tons) were the main destinations of tomato ketchup exports from India, together comprising 42% of total exports. Nepal, the UK, Qatar, Indonesia, Canada, Singapore, the United Arab Emirates, Bangladesh, Australia and Kuwait lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +158.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tomato ketchup exported from India were Nepal ($X), the United States ($X) and the Philippines ($X), together comprising 46% of total exports. Malaysia, the UK, Canada, Indonesia, Qatar, Singapore, the United Arab Emirates, Australia, Kuwait and Bangladesh lagged somewhat behind, together comprising a further 39%.

Kuwait, with a CAGR of +130.3%, saw the highest rates of growth with regard to 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 ketchup export price stood at $X per ton in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2020 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Nepal ($X per ton), while the average price for exports to Bangladesh ($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 Canada (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports

Imports into India

In 2022, purchases abroad of tomato ketchup and tomato sauces decreased by -0.9% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 42%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tomato ketchup imports stood at $X in 2022. Overall, imports recorded a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 27% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of tomato ketchup to India, accounting for a 48% share of total imports. Moreover, tomato ketchup imports from Italy exceeded the figures recorded by the second-largest supplier, Bhutan (X tons), threefold. Bangladesh (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Bhutan (+14.9% per year) and Bangladesh (+46.3% per year).

In value terms, Italy ($X) constituted the largest supplier of tomato ketchup and tomato sauces to India, comprising 51% of total imports. The second position in the ranking was taken by Australia ($X), with a 14% share of total imports. It was followed by the UK, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+67.4% per year) and the UK (+5.9% per year).

Import Prices by Country

The average tomato ketchup import price stood at $X per ton in 2022, picking up by 9.8% against the previous year. Over the period under review, the import price showed a prominent expansion. The growth pace was the most rapid in 2021 when the average import price increased by 31%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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