India: Tomato Puree Market 2024

Tomato Puree Market Size in India

The Indian tomato puree market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, posted tangible growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Tomato Puree Production in India

In value terms, tomato puree production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 75%. Tomato puree production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Tomato Puree Exports

Exports from India

In 2022, shipments abroad of tomato puree and paste increased by 128% to X tons, rising for the second consecutive year after three years of decline. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 1,295% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, tomato puree exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 1,384% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Nepal (X tons) was the main destination for tomato puree exports from India, accounting for a 37% share of total exports. Moreover, tomato puree exports to Nepal exceeded the volume sent to the second major destination, Sri Lanka (X tons), twofold. Italy (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nepal stood at +71.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+23.4% per year) and Italy (+8.4% per year).

In value terms, Nepal ($X), Sri Lanka ($X) and the Philippines ($X) appeared to be the largest markets for tomato puree exported from India worldwide, with a combined 52% share of total exports.

In terms of the main countries of destination, the Philippines, with a CAGR of +31,842.9%, recorded the highest rates of growth with regard to 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

The average tomato puree export price stood at $X per ton in 2022, with an increase of 13% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Bangladesh ($X per ton), while the average price for exports to the United Arab Emirates ($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 Jordan (+37.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Puree Imports

Imports into India

In 2022, overseas purchases of tomato puree and paste decreased by -3.3% to X tons, falling for the third year in a row after two years of growth. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 147% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, tomato puree imports soared to $X in 2022. Over the period under review, imports, however, posted strong growth. The growth pace was the most rapid in 2019 when imports increased by 130% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and Italy (X tons) were the main suppliers of tomato puree imports to India, together accounting for 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +28.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest tomato puree suppliers to India were the United States ($X), China ($X) and Italy ($X), with a combined 97% share of total imports.

Among the main suppliers, the United States, with a CAGR of +31.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average tomato puree import price stood at $X per ton in 2022, surging by 23% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 26%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Italy ($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 (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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