Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Canada - 2024
Contents:
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Canada (CIF) - 2024
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Canada (FOB) - 2024
- Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Canada
- Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Canada
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Canada (CIF) - 2024
The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,384 per ton in January 2024, shrinking by -5.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in May 2023 an increase of 24% month-to-month. The import price peaked at $1,741 per ton in July 2023; however, from August 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($2,026 per ton), while the price for the United States ($1,315 per ton) was 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 (+1.9%), 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 Canada (FOB) - 2024
In January 2024, the average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,897 per ton, picking up by 3.1% against the previous month. In general, export price indicated a notable increase from January 2023 to January 2024: its price increased at an average monthly rate of +3.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid increased by +56.3% against November 2023 indices. The most prominent rate of growth was recorded in December 2023 an increase of 52% against the previous month. Over the period under review, the average export prices hit record highs in January 2024.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to +4.0% per month.
Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Canada
In 2022, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid into Canada expanded to 141K tons, increasing by 4.8% compared with the previous year. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid surged to $149M in 2022. The total import value increased at an average annual rate of +12.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 71.6 | 75.0 | 86.3 | 102 | 12.5% |
| Italy | 28.7 | 36.9 | 35.7 | 39.0 | 10.8% |
| Others | 4.5 | 4.5 | 5.5 | 7.8 | 20.1% |
| Total | 105 | 116 | 127 | 149 | 12.4% |
Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Canada in 2022:
- United States (103.7K tons)
- Italy (32.8K tons)
Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Canada
In 2022, approx. 3.2K tons of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid were exported from Canada; reducing by -49% compared with 2021 figures. In general, exports saw a dramatic curtailment. The growth pace was the most rapid in 2021 with an increase of 8.8%.
In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid contracted remarkably to $3.1M in 2022. Over the period under review, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2021 with an increase of 41%.
| Export of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.3 | 3.6 | 5.5 | 3.0 | -21.9% |
| Chile | N/A | 0.3 | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Total | 6.4 | 4.0 | 5.6 | 3.1 | -21.5% |
Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Canada in 2022:
- United States (3.1K tons)
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Global demand for preserved tomatoes is on the rise, with the market expected to see continued growth over the next seven years. Market performance is projected to increase in both volume and value terms, with key countries like China, Russia, and the United States leading the way.
2128
The U.S. continued its dominance in the global trade of tomato ketchup and paste. In 2014, the U.S. exported X thousand tons of tomato ketchup and paste totaling X million USD, X% over the previous year. Its primary trading partner was Canada, w
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