Spain: Tomato Juice Market 2024

Tomato Juice Market Size in Spain

After three years of growth, the Spanish tomato juice market decreased by -41.4% to $X in 2022. Overall, consumption, however, posted a prominent increase. Tomato juice consumption peaked at $X in 2021, and then contracted remarkably in the following year.

Tomato Juice Production in Spain

In value terms, tomato juice production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt decline. The growth pace was the most rapid in 2018 when the production volume increased by 87%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Tomato Juice Exports

Exports from Spain

In 2022, the amount of tomato juice exported from Spain amounted to X tons, surging by 13% against the previous year. In general, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 92%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, tomato juice exports rose notably to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 164%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

France (X tons) was the main destination for tomato juice exports from Spain, with a 63% share of total exports. Moreover, tomato juice exports to France exceeded the volume sent to the second major destination, Portugal (X tons), eightfold. The third position in this ranking was held by the UK (X tons), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+22.9% per year) and the UK (+11.0% per year).

In value terms, France ($X) remains the key foreign market for tomato juice exports from Spain, comprising 69% of total exports. The second position in the ranking was taken by Belgium ($X), with a 5.9% share of total exports. It was followed by Morocco, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +43.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+21.5% per year) and Morocco (+78.8% per year).

Export Prices by Country

The average tomato juice export price stood at $X per ton in 2022, dropping by -6.2% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tomato juice export price increased by +12.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 48% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Japan ($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 the United Arab Emirates (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Juice Imports

Imports into Spain

In 2022, supplies from abroad of tomato juice increased by 12% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 119% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, tomato juice imports soared to $X in 2022. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 480% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

France (X tons), Portugal (X tons) and Italy (X tons) were the main suppliers of tomato juice imports to Spain, together accounting for 91% of total imports. The UK, Germany, Mexico and Austria lagged somewhat behind, together comprising a further 6.6%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +75.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), France ($X) and the UK ($X) constituted the largest tomato juice suppliers to Spain, with a combined 86% share of total imports. Italy, Mexico, Germany and Austria lagged somewhat behind, together accounting for a further 11%.

Mexico, with a CAGR of +75.1%, saw 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 juice import price amounted to $X per ton, rising by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a slight slump. The growth pace was the most rapid in 2018 an increase of 181%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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