Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Israel - 2024

Contents:

1. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Israel (CIF) - 2024
2. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Israel (FOB) - 2024
3. Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Israel
4. Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Israel

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Israel (CIF) - 2024

The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,539 per ton in January 2024, stabilizing at the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average import price increased by 2.5% month-to-month. The import price peaked at $1,587 per ton in November 2023; however, from December 2023 to January 2024, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In January 2024, the highest price was recorded for prices from the United States ($1,638 per ton) and China ($1,638 per ton), while the price for Turkey ($1,435 per ton) and Italy ($1,475 per ton) were amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United States (+0.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Israel (FOB) - 2024

In January 2024, the average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,627 per ton, growing by 1.9% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 4.6% m-o-m. Over the period under review, the average export prices attained the maximum at $1,744 per ton in June 2023; however, from July 2023 to January 2024, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In January 2024, the highest price was recorded for prices to Denmark ($1,627 per ton) and Japan ($1,627 per ton), while the average price for exports to France ($1,627 per ton) and Italy ($1,627 per ton) were amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Israel

In 2022, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid into Israel surged to 38K tons, picking up by 17% compared with 2021. The total import volume increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 35% against the previous year. As a result, imports reached the peak of 39K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid skyrocketed to $44M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 45% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Israel in 2022:

1. Italy (19.5K tons)
2. United States (6.9K tons)
3. China (6.9K tons)
4. Turkey (2.3K tons)
5. Egypt (1.7K tons)
6. Ukraine (0.3K tons)

Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Israel

In 2022, after two years of decline, there was significant growth in shipments abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid, when their volume increased by 233% to 9K tons. In general, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid skyrocketed to $11M in 2022. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Israel in 2022:

1. United Kingdom (2017.0 tons)
2. United States (1772.8 tons)
3. Germany (1483.6 tons)
4. Japan (1325.2 tons)
5. Italy (508.0 tons)
6. Belarus (357.9 tons)
7. Netherlands (338.9 tons)
8. Portugal (231.7 tons)
9. Canada (231.2 tons)
10. South Korea (194.6 tons)
11. Spain (160.0 tons)
12. Norway (133.6 tons)

Source: IndexBox Market Intelligence Platform