Singapore: Tomato Ketchup Market 2025

Tomato Ketchup Market Size in Singapore

The Singaporean tomato ketchup market reduced to $X in 2022, which is down by -9.3% against the previous year. Overall, consumption showed a noticeable decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Tomato Ketchup Production in Singapore

In value terms, tomato ketchup production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by 44% against the previous year. Tomato ketchup production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Tomato Ketchup Exports

Exports from Singapore

In 2022, shipments abroad of tomato ketchup and tomato sauces increased by 2% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 31% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, tomato ketchup exports stood at $X in 2022. In general, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by 26%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Timor-Leste (X tons) was the main destination for tomato ketchup exports from Singapore, with a 29% share of total exports. Moreover, tomato ketchup exports to Timor-Leste exceeded the volume sent to the second major destination, Sri Lanka (X tons), threefold. The third position in this ranking was taken by Mongolia (X tons), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume to Timor-Leste totaled -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+0.6% per year) and Mongolia (+129.7% per year).

In value terms, Timor-Leste ($X) emerged as the key foreign market for tomato ketchup and tomato sauces exports from Singapore, comprising 24% of total exports. The second position in the ranking was held by China ($X), with an 11% share of total exports. It was followed by Sri Lanka, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Timor-Leste stood at -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-13.4% per year) and Sri Lanka (-0.4% per year).

Export Prices by Country

In 2022, the average tomato ketchup export price amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 15% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Papua New Guinea ($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 China (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports

Imports into Singapore

Tomato ketchup imports into Singapore shrank rapidly to X tons in 2022, declining by -24.4% compared with the year before. Overall, imports showed a pronounced downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 6.2%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, tomato ketchup imports contracted sharply to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of tomato ketchup to Singapore, with a 37% share of total imports. Moreover, tomato ketchup imports from Malaysia exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by Italy (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia amounted to -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.1% per year) and Italy (-4.6% per year).

In value terms, the largest tomato ketchup suppliers to Singapore were Malaysia ($X), Italy ($X) and the United States ($X), together accounting for 61% of total imports. Australia, Thailand, Mexico, the Philippines, China, India, Spain, Indonesia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 32%.

Among the main suppliers, India, with a CAGR of +66.1%, recorded 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 average tomato ketchup import price stood at $X per ton in 2022, surging by 8.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2020 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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