United Kingdom: Tomato Juice Market 2024

Tomato Juice Market Size in the UK

The UK tomato juice market reduced to $X in 2022, with a decrease of -12.6% against the previous year. In general, consumption saw a pronounced contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Tomato Juice Production in the UK

In value terms, tomato juice production shrank slightly to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable setback. The growth pace was the most rapid in 2014 when the production volume increased by 14%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Tomato Juice Exports

Exports from the UK

In 2022, shipments abroad of tomato juice decreased by -21.8% to X tons for the first time since 2011, thus ending a ten-year rising trend. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 194%. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank significantly in the following year.

In value terms, tomato juice exports stood at $X in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 158%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Belgium (X tons) was the main destination for tomato juice exports from the UK, accounting for a 49% share of total exports. Moreover, tomato juice exports to Belgium exceeded the volume sent to the second major destination, Sweden (X tons), fivefold. Italy (X tons) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium stood at +104.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+83.7% per year) and Italy (+38.7% per year).

In value terms, Belgium ($X) remains the key foreign market for tomato juice exports from the UK, comprising 54% of total exports. The second position in the ranking was held by Sweden ($X), with a 6.5% share of total exports. It was followed by Spain, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value to Belgium stood at +126.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+87.0% per year) and Spain (+24.4% per year).

Export Prices by Country

The average tomato juice export price stood at $X per ton in 2022, jumping by 29% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% 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 +66.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 45%. Over the period under review, the average export 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 for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($X per ton), while the average price for exports to Chile ($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 Singapore (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Juice Imports

Imports into the UK

In 2022, supplies from abroad of tomato juice decreased by -32.5% to X tons, falling for the third year in a row after two years of growth. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 135%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, tomato juice imports shrank sharply to $X in 2022. Over the period under review, imports showed a slight decrease. The growth pace was the most rapid in 2013 when imports increased by 102% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of tomato juice to the UK, accounting for a 40% share of total imports. Moreover, tomato juice imports from Spain exceeded the figures recorded by the second-largest supplier, Ireland (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+26.2% per year) and the Netherlands (+149.2% per year).

In value terms, Spain ($X) constituted the largest supplier of tomato juice to the UK, comprising 37% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total imports. It was followed by Ireland, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+146.1% per year) and Ireland (+23.2% per year).

Import Prices by Country

The average tomato juice import price stood at $X per ton in 2022, flattening at the previous year. In general, the import price showed a slight reduction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 9.4%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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