Asia-Pacific: Tomato Puree Market 2024

Tomato Puree Market Size in Asia-Pacific

In 2022, the Asia-Pacific tomato puree market decreased by X% to $X, falling for the second year in a row after three years of growth. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Tomato Puree Production in Asia-Pacific

In value terms, tomato puree production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Tomato Puree Exports

Exports in Asia-Pacific

In 2022, overseas shipments of tomato puree and paste were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a mild descent. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tomato puree exports soared to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) represented the key exporter of tomato puree and paste in Asia-Pacific, comprising X% of total export.

China was also the fastest-growing in terms of the tomato puree and paste exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest tomato puree supplier in Asia-Pacific.

From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Tomato Puree Imports

Imports in Asia-Pacific

In 2022, purchases abroad of tomato puree and paste increased by X% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, tomato puree imports rose sharply to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

Japan represented the major importer of tomato puree and paste in Asia-Pacific, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Australia (X tons) took the second position in the ranking, followed by the Philippines (X tons), South Korea (X tons) and Thailand (X tons). All these countries together held approx. X% share of total imports. The following importers - Malaysia (X tons), Indonesia (X tons), New Zealand (X tons), India (X tons), Vietnam (X tons), Pakistan (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of tomato puree and paste. At the same time, Pakistan (X%), Vietnam (X%), the Philippines (X%), Thailand (X%), Malaysia (X%), Indonesia (X%), Australia (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. India, Taiwan (Chinese) and New Zealand experienced a relatively flat trend pattern. From 2012 to 2022, the share of the Philippines, Pakistan and Vietnam increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported tomato puree and paste in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Australia (X% per year) and the Philippines (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Japan ($X per ton) and Australia ($X per ton), while Taiwan (Chinese) ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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