The Growth of France's Preserved Tomato Market Slows Down

IndexBox has just published a new report: 'France - Preserved Tomatoes - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The revenue of the preserved tomato market in France amounted to $241M in 2018, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total market indicated a buoyant expansion from 2007 to 2018: its value increased at an average annual rate of +3.1% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, preserved tomato consumption increased by +117.2% against 2007 indices. However, the growth pace was the most rapid in 2009 when the market value increased by 30% against the previous year. Afterward, the market fluctuated noticeably but did not post any solid gains. Thus, the preserved tomato market attained its maximum level at $241M in 2017, leveling off in the following year.

Production in France

In 2018, the preserved tomato production in France amounted to 13K tonnes, remaining constant against the previous year. Over the period under review, preserved tomato production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when production volume increased by 0.4% against the previous year. Over the period under review, preserved tomato production attained its peak figure volume in 2018 and is likely to continue its growth in the immediate term.

In value terms, preserved tomato production stood at $26M in 2018 estimated in export prices. Over the period under review, the total output indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +0.4% over the last eleven years. 

Imports into France

France's preserved tomato market remains being buoyed by imports. In 2018, the preserved tomato imports into France totaled 117K tonnes, declining by -3.3% against the previous year. In general, preserved tomato imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 8.4% y-o-y. Imports peaked at 121K tonnes in 2017, and then declined slightly in the following year.

In value terms, preserved tomato imports amounted to $110M (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +1.8% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations in certain years. 

Imports by Country

In 2018, Italy (65K tonnes) constituted the largest supplier of preserved tomato to France, accounting for a 55% share of total imports. Moreover, preserved tomato imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (26K tonnes), threefold. Morocco (17K tonnes) ranked third in terms of total imports with a 15% share.

From 2007 to 2018, the average annual growth rate of volume from Italy totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.5% per year) and Morocco (+15.0% per year).

In value terms, Italy ($68M) constituted the largest supplier of preserved tomato to France, comprising 62% of total preserved tomato imports. The second position in the ranking was occupied by Spain ($23M), with a 21% share of total imports. It was followed by Morocco, with a 8.7% share.

Import Prices by Country

In 2018, the average preserved tomato import price amounted to $937 per tonne, jumping by 8.8% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2008 an increase of 26% against the previous year. The import price peaked at $1,155 per tonne in 2009; however, from 2010 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($1,054 per tonne), while the price for Morocco ($559 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform