Japan: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Japan

The Japanese tomato ketchup market rose modestly to $X in 2022, picking up by 1.7% against the previous year. Overall, consumption recorded a abrupt shrinkage. Tomato ketchup consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Tomato Ketchup Production in Japan

In value terms, tomato ketchup production reached $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The pace of growth appeared the most rapid in 2015 when the production volume increased by 9.8% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Tomato Ketchup Exports

Exports from Japan

In 2022, overseas shipments of tomato ketchup and tomato sauces increased by 17% to X tons, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 66% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, tomato ketchup exports contracted to $X in 2022. Over the period under review, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 46%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Taiwan (Chinese) (X tons), Thailand (X tons) and Mongolia (X tons) were the main destinations of tomato ketchup exports from Japan, with a combined 66% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +66.3%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Taiwan (Chinese) ($X) and Mongolia ($X) appeared to be the largest markets for tomato ketchup exported from Japan worldwide, with a combined 66% share of total exports. China, Thailand and the United States lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, Thailand, with a CAGR of +45.4%, 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 ketchup export price stood at $X per ton in 2022, shrinking by -18.7% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 an increase of 26% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Thailand ($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 Taiwan (Chinese) (-1.5%), while the prices for the other major destinations experienced a decline.

Tomato Ketchup Imports

Imports into Japan

In 2022, supplies from abroad of tomato ketchup and tomato sauces was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tomato ketchup imports surged to $X in 2022. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.3% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Thailand (X tons) and Mexico (X tons) were the main suppliers of tomato ketchup imports to Japan, with a combined 83% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +72.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Thailand ($X) and the United States ($X) appeared to be the largest tomato ketchup suppliers to Japan, together comprising 82% of total imports.

Thailand, with a CAGR of +73.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tomato ketchup import price amounted to $X per ton, surging by 9.8% against the previous year. Overall, the import price showed modest growth. The most prominent rate of growth was recorded in 2020 an increase of 11%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 Thailand ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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