Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belgium - 2023

Contents:

1. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belgium (CIF) - 2023
2. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belgium (FOB) - 2022
3. Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belgium
4. Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belgium

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belgium (CIF) - 2023

The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,558 per ton in November 2023, dropping by -2.4% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 13% against the previous month. Over the period under review, average import prices reached the maximum at $1,645 per ton in August 2023; afterwards, it flattened through to November 2023.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the Netherlands ($2,751 per ton), while the price for Greece ($1,105 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 Portugal (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belgium (FOB) - 2022

In 2022, the average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $2,019 per ton, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 20%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($2,502 per ton), while the average price for exports to Germany ($1,011 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belgium

In 2022, supplies from abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid decreased by -0.9% to 119K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year. As a result, imports attained the peak of 132K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid fell modestly to $129M in 2022. The total import value increased at an average annual rate of +9.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 32%.

Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Belgium in 2022:

1. Italy (51.9K tons)
2. Portugal (14.8K tons)
3. Spain (14.7K tons)
4. Greece (14.4K tons)
5. France (9.7K tons)
6. Netherlands (5.9K tons)
7. Germany (5.2K tons)

Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belgium

In 2022, after three years of growth, there was significant decline in overseas shipments of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid, when their volume decreased by -45.8% to 7.4K tons. In general, exports, however, saw a measured expansion. The pace of growth was the most pronounced in 2020 when exports increased by 83%.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid fell sharply to $15M in 2022. Overall, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 76%.

Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Belgium in 2022:

1. Netherlands (2520.5 tons)
2. France (1588.0 tons)
3. Luxembourg (1381.3 tons)
4. Germany (728.8 tons)
5. Norway (192.4 tons)
6. Democratic Republic of the Congo (127.1 tons)
7. Romania (122.4 tons)

Source: IndexBox Market Intelligence Platform