Report Update Nov 1, 2024

Singapore - Tomato Puree and Paste - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Tomato Puree Market 2024

Tomato Puree Market Size in Singapore

The Singaporean tomato puree market surged to $X in 2022, growing by 20% against the previous year. Overall, consumption enjoyed a remarkable increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Tomato Puree Production in Singapore

In value terms, tomato puree production skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 140% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Tomato Puree Exports

Exports from Singapore

After three years of decline, shipments abroad of tomato puree and paste increased by 7.6% to X tons in 2022. Over the period under review, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 31%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, tomato puree exports fell to $X in 2022. In general, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2018 when exports increased by 34%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for tomato puree exports from Singapore, with a 41% share of total exports. Moreover, tomato puree exports to Malaysia exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), threefold. Bangladesh (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+0.2% per year) and Bangladesh (+8.4% per year).

In value terms, Malaysia ($X) remains the key foreign market for tomato puree and paste exports from Singapore, comprising 39% of total exports. The second position in the ranking was taken by Brunei Darussalam ($X), with a 14% share of total exports. It was followed by Bangladesh, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia totaled -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (-4.0% per year) and Bangladesh (+10.3% per year).

Export Prices by Country

The average tomato puree export price stood at $X per ton in 2022, reducing by -16.9% against the previous year. In general, the export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. The export price peaked at $X per ton in 2021, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to Hong Kong SAR ($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 Oman (+34.9%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Puree Imports

Imports into Singapore

Tomato puree imports into Singapore soared to X tons in 2022, picking up by 18% on 2021. In general, imports, however, showed a pronounced shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tomato puree imports soared to $X in 2022. Over the period under review, imports, however, showed a mild shrinkage. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), China (X tons) and the United States (X tons) were the main suppliers of tomato puree imports to Singapore, with a combined 93% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of -1.0%), while purchases for the other leaders experienced a decline.

In value terms, Italy ($X), the United States ($X) and China ($X) were the largest tomato puree suppliers to Singapore, together accounting for 87% of total imports.

Italy, with a CAGR of +0.5%, recorded the highest growth rate of the value of imports, among the main suppliers 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 2.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 10%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Australia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tomato puree and paste in the world?

The countries with the highest volumes of in 2021 were the United States, China and Japan, together comprising 18% of global consumption.

What are the largest producers of tomato puree and paste in the world?

The countries with the highest volumes of in 2021 were China, the United States and Italy, with a combined 34% share of global production. Spain, Turkey, Indonesia, Russia, Portugal, Bangladesh, Japan, Pakistan, Iran and Chile lagged somewhat behind, together comprising a further 35%.

What are the leading suppliers of tomato puree and paste to Singapore?

In value terms, Italy, the United States and China appeared to be the largest tomato puree suppliers to Singapore, together accounting for 76% of total imports. Australia and Malaysia lagged somewhat behind, together accounting for a further 14%.

What are the leading importers of tomato puree and paste from Singapore?

In value terms, Malaysia remains the key foreign market for tomato puree exports from Singapore, comprising 67% of total exports. The second position in the ranking was occupied by Hong Kong SAR, with a 28% share of total exports.

What is the average export price for tomato puree and paste in Singapore?

In 2021, the average tomato puree export price amounted to $1,794 per ton, with a decrease of -4.1% against the previous year.

What is the average import price for tomato puree and paste in Singapore?

The average tomato puree import price stood at $1,236 per ton in 2021, reducing by -3.6% against the previous year.

This report provides an in-depth analysis of the tomato puree market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 391 - Paste of Tomatoes

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023