Vietnam: Tomato Puree Market 2025

Tomato Puree Market Size in Vietnam

The Vietnamese tomato puree market reached $X in 2022, surging by 1.8% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 2.3%. Tomato puree consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Tomato Puree Production in Vietnam

In value terms, tomato puree production reached $X in 2022 estimated in export price. Overall, production saw a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 2.2% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Tomato Puree Exports

Exports from Vietnam

In 2022, approx. X tons of tomato puree and paste were exported from Vietnam; waning by -15.2% against 2021 figures. Overall, exports saw a mild downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 90%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, tomato puree exports dropped rapidly to $X in 2022. Over the period under review, exports showed a perceptible setback. The pace of growth appeared the most rapid in 2017 when exports increased by 87%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Russia (X tons) and Myanmar (X tons) were the main destinations of tomato puree exports from Vietnam, with a combined 98% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +12.7%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for tomato puree exported from Vietnam were Singapore ($X), Russia ($X) and Myanmar ($X), together accounting for 98% of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of +11.6%, recorded 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 average tomato puree export price stood at $X per ton in 2022, with a decrease of -1.9% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 10%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per ton) and the United States ($X per ton), while the average price for exports to Myanmar ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Tomato Puree Imports

Imports into Vietnam

In 2022, the amount of tomato puree and paste imported into Vietnam expanded notably to X tons, growing by 8.5% on 2021 figures. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 35%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, tomato puree imports expanded modestly to $X in 2022. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 46% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of tomato puree to Vietnam, accounting for a 69% share of total imports. Moreover, tomato puree imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), fivefold. The third position in this ranking was held by Thailand (X tons), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+49.0% per year) and Thailand (+90.7% per year).

In value terms, China ($X) constituted the largest supplier of tomato puree and paste to Vietnam, comprising 70% of total imports. The second position in the ranking was held by Australia ($X), with a 13% share of total imports. It was followed by Thailand, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+48.0% per year) and Thailand (+95.5% per year).

Import Prices by Country

The average tomato puree import price stood at $X per ton in 2022, which is down by -3.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2013 an increase of 30%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Thailand ($X per ton), while the price for the United States ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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