South-Eastern Asia: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in South-Eastern Asia

The Southeast Asian tomato ketchup market reached $X in 2022, with an increase of 3.5% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Tomato Ketchup Production in South-Eastern Asia

In value terms, tomato ketchup production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Tomato Ketchup Exports

Exports in South-Eastern Asia

After two years of decline, shipments abroad of tomato ketchup and tomato sauces increased by 15% to X tons in 2022. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, tomato ketchup exports expanded sharply to $X in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 20%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The shipments of the three major exporters of tomato ketchup and tomato sauces, namely Thailand, Malaysia and Vietnam, represented more than two-thirds of total export. The Philippines (X tons) took the next position in the ranking, followed by Indonesia (X tons). All these countries together held near 13% share of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +11.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 81% of total exports. The Philippines, Indonesia and Singapore lagged somewhat behind, together comprising a further 19%.

Among the main exporting countries, the Philippines, with a CAGR of +15.6%, saw 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 export price in South-Eastern Asia stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by 13%. Over the period under review, the export prices attained the peak figure at $X per ton in 2017; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+3.9%), while the other leaders experienced more modest paces of growth.

Tomato Ketchup Imports

Imports in South-Eastern Asia

After two years of decline, supplies from abroad of tomato ketchup and tomato sauces increased by 8% to X tons in 2022. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 16% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, tomato ketchup imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Singapore (X tons), the Philippines (X tons), Indonesia (X tons), Vietnam (X tons), Malaysia (X tons) and Cambodia (X tons) represented roughly 87% of total imports in 2022. Thailand (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia (with a CAGR of +19.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tomato ketchup importing markets in South-Eastern Asia were Singapore ($X), the Philippines ($X) and Indonesia ($X), with a combined 57% share of total imports.

Indonesia, with a CAGR of +18.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 South-Eastern Asia stood at $X per ton in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2020 when the import price increased by 13% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while the Philippines ($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 (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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