Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Italy - 2023
Contents:
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Italy (FOB) - 2023
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Italy (CIF) - 2023
- Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Italy
- Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Italy
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Italy (FOB) - 2023
The average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,520 per ton in November 2023, approximately equating the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in April 2023 an increase of 7% month-to-month. The export price peaked at $1,566 per ton in July 2023; however, from August 2023 to November 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In November 2023, the countries with the highest prices were Switzerland ($1,969 per ton) and Sweden ($1,867 per ton), while the average price for exports to Australia ($1,378 per ton) and the UK ($1,402 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Italy (CIF) - 2023
In November 2023, the average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,609 per ton, standing approximately at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The pace of growth appeared the most rapid in July 2023 an increase of 12% m-o-m. The import price peaked at $1,753 per ton in August 2023; however, from September 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($2,383 per ton), while the price for Turkey ($1,313 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Tunisia (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Italy
In 2022, approx. 2.3M tons of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid were exported from Italy; growing by 7.3% against the previous year's figure. Overall, exports continue to indicate slight growth.
In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid expanded sharply to $2.6B in 2022. The total export value increased at an average annual rate of +10.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 15% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 359 | 411 | 425 | 496 | 11.4% |
| United Kingdom | 286 | 335 | 309 | 346 | 6.6% |
| France | 168 | 186 | 196 | 204 | 6.7% |
| United States | 118 | 150 | 156 | 187 | 16.6% |
| Netherlands | 78.5 | 97.5 | 97.5 | 141 | 21.6% |
| Japan | 87.3 | 101 | 106 | 109 | 7.7% |
| Australia | 65.0 | 84.4 | 81.0 | 86.7 | 10.1% |
| Austria | 40.8 | 54.8 | 61.7 | 71.0 | 20.3% |
| Libya | 65.2 | 76.4 | 64.3 | 66.4 | 0.6% |
| Belgium | 50.1 | 55.3 | 54.4 | 63.7 | 8.3% |
| Poland | 33.7 | 39.4 | 49.8 | 59.6 | 20.9% |
| Sweden | 44.6 | 54.1 | 55.5 | 55.6 | 7.6% |
| Switzerland | 40.2 | 49.0 | 52.6 | 55.6 | 11.4% |
| Others | 466 | 490 | 564 | 647 | 11.6% |
| Total | 1,902 | 2,184 | 2,272 | 2,588 | 10.8% |
Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Italy in 2022:
- Germany (461.7K tons)
- United Kingdom (321.4K tons)
- France (172.3K tons)
- United States (161.9K tons)
- Netherlands (134.8K tons)
- Japan (105.1K tons)
- Australia (83.9K tons)
- Belgium (61.1K tons)
- Austria (58.7K tons)
- Poland (55.0K tons)
- Switzerland (43.6K tons)
- Libya (41.3K tons)
- Sweden (37.3K tons)
Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Italy
In 2022, overseas purchases of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid decreased by -3.8% to 201K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.2% 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 +41.3% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 38%. As a result, imports attained the peak of 209K tons, and then declined slightly in the following year.
In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid reached $223M in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 45.7 | 58.5 | 91.9 | 109 | 33.6% |
| Spain | 17.8 | 15.2 | 15.5 | 48.8 | 40.0% |
| United States | 20.8 | 23.0 | 43.7 | 19.5 | -2.1% |
| Turkey | 0.2 | 0.3 | 21.4 | 14.9 | 320.8% |
| Portugal | 6.1 | 12.4 | 7.5 | 10.7 | 20.6% |
| Tunisia | N/A | 0.1 | 1.1 | 9.8 | 889.9% |
| Egypt | 3.3 | 3.3 | 4.4 | 2.0 | -15.4% |
| Chile | 11.4 | 5.0 | 2.6 | 1.3 | -51.5% |
| Others | 3.9 | 9.8 | 11.7 | 7.3 | 23.2% |
| Total | 109 | 128 | 200 | 223 | 26.9% |
Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Italy in 2022:
- China (90.4K tons)
- Spain (46.1K tons)
- United States (17.1K tons)
- Turkey (15.6K tons)
- Portugal (11.9K tons)
- Tunisia (11.6K tons)
- Chile (1.4K tons)
- Egypt (1.2K tons)
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This report provides an in-depth analysis of the preserved tomato market in Italy.
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This report provides an in-depth analysis of the tomato puree market in Italy.
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This report provides an in-depth analysis of the global preserved tomato market.
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This report provides an in-depth analysis of the global tomato puree market.
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This report provides an in-depth analysis of the preserved tomato market in Italy.
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This report provides an in-depth analysis of the tomato puree market in Italy.
828
This report provides an in-depth analysis of the global preserved tomato market.
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This report provides an in-depth analysis of the global tomato puree market.
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Preserved Tomato exports reached 1.5M tons at their peak, but saw a decline the following year. In 2023, the value of Preserved Tomato exports rose to $1.9B.
