Latin America and the Caribbean: Preserved Tomato Market 2025

Preserved Tomato Market Size in Latin America and the Caribbean

After three years of growth, the Latin American preserved tomato market decreased by -1.2% to $X in 2021. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +61.4% against 2013 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced modestly in the following year.

Preserved Tomato Production in Latin America and the Caribbean

In value terms, preserved tomato production dropped to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +9.3% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 23%. Over the period under review, production reached the maximum level at $X in 2020, and then reduced slightly in the following year.

Preserved Tomato Exports

Exports in Latin America and the Caribbean

In 2021, the amount of preserved tomatoes exported in Latin America and the Caribbean skyrocketed to X tons, increasing by 44% against 2020. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +77.6% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved tomato exports skyrocketed to $X in 2021. Total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +80.3% against 2013 indices. The pace of growth was the most pronounced in 2019 when exports increased by 23%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, Mexico (X tons) was the major exporter of preserved tomatoes, comprising 80% of total exports. It was distantly followed by Argentina (X tons), comprising a 20% share of total exports.

Exports from Mexico increased at an average annual rate of +6.2% from 2012 to 2021. At the same time, Argentina (+10.5%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +10.5% from 2012-2021. Argentina (+5.4 p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by -3% from 2012 to 2021, respectively.

In value terms, Mexico ($X) remains the largest preserved tomato supplier in Latin America and the Caribbean, comprising 73% of total exports. The second position in the ranking was held by Argentina ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico stood at +4.2%.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, dropping by -17.6% against the previous year. Overall, the export price saw a mild decrease. The most prominent rate of growth was recorded in 2015 when the export price increased by 11%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Mexico totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-1.9%).

Preserved Tomato Imports

Imports in Latin America and the Caribbean

In 2021, after three years of decline, there was significant growth in purchases abroad of preserved tomatoes, when their volume increased by 24% to X tons. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved tomato imports surged to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons), distantly followed by Mexico (X tons), Costa Rica (X tons), Venezuela (X tons) and Honduras (X tons) represented the key importers of preserved tomatoes, together generating 72% of total imports. The following importers - the Dominican Republic (X tons), Colombia (X tons), Panama (X tons), Chile (X tons), Uruguay (X tons), Cuba (X tons), Argentina (X tons) and El Salvador (X tons) - together made up 22% of total imports.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of +103.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Mexico ($X) and Costa Rica ($X) were the countries with the highest levels of imports in 2021, with a combined 57% share of total imports. Venezuela, Cuba, Chile, the Dominican Republic, Panama, Colombia, Honduras, Argentina, Uruguay and El Salvador lagged somewhat behind, together accounting for a further 36%.

Among the main importing countries, Panama, with a CAGR of +101.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, rising by 7.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Cuba ($X per ton), while Honduras ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :