
Spain - Tomato Puree And Paste - Market Analysis, Forecast, Size, Trends And Insights
Tomato Puree Price in Spain Increases Rapidly to $1,342 per Ton
Spain Tomato Puree Export Price in August 2022
In August 2022, the tomato puree price amounted to $1,342 per ton (FOB, Spain), picking up by 20% against the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +2.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In August 2022, the country with the highest price was Germany ($1,809 per ton), while the average price for exports to the Netherlands ($1,012 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Spain Tomato Puree Exports
In August 2022, shipments abroad of tomato puree and paste was finally on the rise to reach 32K tons for the first time since May 2022, thus ending a two-month declining trend. Over the period under review, exports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in April 2022 when exports increased by 18% month-to-month. Over the period under review, the exports hit record highs at 41K tons in February 2022; however, from March 2022 to August 2022, the exports failed to regain momentum.
In value terms, tomato puree exports surged to $43M (IndexBox estimates) in August 2022. Overall, exports recorded a relatively flat trend pattern. The exports peaked at 44K tons in May 2022; however, from June 2022 to August 2022, the exports stood at a somewhat lower figure.
Spain Tomato Puree Exports by Country
The UK (5.8K tons), Germany (5.7K tons) and Portugal (5K tons) were the main destinations of tomato puree exports from Spain, together comprising 51% of total exports.
From January 2022 to August 2022, the biggest increases were in the UK (with a CAGR of +7.6%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Germany ($10M), the UK ($7.2M) and Portugal ($6.1M) appeared to be the largest markets for tomato puree exported from Spain worldwide, with a combined 54% share of total exports.
The UK, with a CAGR of +11.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the tomato puree market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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