Ireland: Preserved Tomato Market 2024

Preserved Tomato Market Size in Ireland

The Irish preserved tomato market fell markedly to $X in 2021, waning by -30.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020, and then fell sharply in the following year.

Preserved Tomato Exports

Exports from Ireland

In 2021, preserved tomato exports from Ireland surged to X tons, increasing by 17% on 2020. Over the period under review, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 58%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, preserved tomato exports skyrocketed to $X in 2021. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 97%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The UK (X tons) was the main destination for preserved tomato exports from Ireland, accounting for a 97% share of total exports. It was followed by Iceland (X tons), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+85.0% per year) and Germany (-34.3% per year).

In value terms, the UK ($X) remains the key foreign market for preserved tomatoes exports from Ireland, comprising 97% of total exports. The second position in the ranking was taken by Iceland ($X), with a 1.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+85.7% per year) and Germany (-36.5% per year).

Export Prices by Country

The average preserved tomato export price stood at $X per ton in 2021, surging by 37% against the previous year. Over the last nine years, it increased at an average annual rate of +4.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Tomato Imports

Imports into Ireland

In 2021, the amount of preserved tomatoes imported into Ireland declined notably to X tons, waning by -31% compared with the year before. In general, imports recorded a mild decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 15% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then reduced dramatically in the following year.

In value terms, preserved tomato imports shrank significantly to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 20%. Over the period under review, imports attained the maximum at $X in 2020, and then contracted markedly in the following year.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of preserved tomato to Ireland, accounting for a 62% share of total imports. Moreover, preserved tomato imports from Italy exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. The third position in this ranking was taken by Spain (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-8.7% per year) and Spain (+9.8% per year).

In value terms, Italy ($X) constituted the largest supplier of preserved tomatoes to Ireland, comprising 52% of total imports. The second position in the ranking was held by the UK ($X), with an 18% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-4.8% per year) and Germany (-4.9% per year).

Import Prices by Country

The average preserved tomato import price stood at $X per ton in 2021, with an increase of 2.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2014 an increase of 21%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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