Iran: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Iran

The Iranian tomato ketchup market shrank modestly to $X in 2022, falling by -4.2% against the previous year. Over the period under review, consumption, however, saw a mild decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tomato Ketchup Production in Iran

In value terms, tomato ketchup production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible slump. The growth pace was the most rapid in 2017 with an increase of 21%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Tomato Ketchup Exports

Exports from Iran

Tomato ketchup exports from Iran totaled X tons in 2022, with an increase of 12% compared with 2021. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 610% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tomato ketchup exports rose slightly to $X in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 445%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Armenia (X tons) was the main destination for tomato ketchup exports from Iran, accounting for a 35% share of total exports. Moreover, tomato ketchup exports to Armenia exceeded the volume sent to the second major destination, Turkey (X tons), threefold. Bahrain (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to Armenia stood at +158.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+27.6% per year) and Bahrain (+36.2% per year).

In value terms, Armenia ($X) emerged as the key foreign market for tomato ketchup and tomato sauces exports from Iran, comprising 35% of total exports. The second position in the ranking was held by Azerbaijan ($X), with an 8.6% share of total exports. It was followed by Sweden, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to Armenia amounted to +117.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+150.5% per year) and Sweden (+45.0% per year).

Export Prices by Country

In 2022, the average tomato ketchup export price amounted to $X per ton, falling by -7.6% against the previous year. Overall, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 26%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Turkey ($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 Germany (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports

Imports into Iran

In 2022, supplies from abroad of tomato ketchup and tomato sauces was finally on the rise to reach X tons after four years of decline. Over the period under review, imports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2016 when imports increased by 309%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, tomato ketchup imports soared to $X in 2022. Overall, imports, however, showed a deep contraction. The pace of growth was the most pronounced in 2016 when imports increased by 560% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest tomato ketchup supplier to Iran, accounting for a 71% share of total imports. Moreover, tomato ketchup imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +52.8%.

In value terms, Turkey ($X) constituted the largest supplier of tomato ketchup and tomato sauces to Iran, comprising 62% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +57.7%.

Import Prices by Country

The average tomato ketchup import price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tomato ketchup import price decreased by -0.1% against 2020 indices. The growth pace was the most rapid in 2016 when the average import price increased by 61% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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