Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Denmark - 2023
Contents:
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Denmark (CIF) - 2023
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Denmark (FOB) - 2023
- Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Denmark
- Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Denmark
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Denmark (CIF) - 2023
The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,659 per ton in November 2023, shrinking by -14% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 17% month-to-month. The import price peaked at $1,977 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 the Netherlands ($3,427 per ton), while the price for Portugal ($1,161 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 the Netherlands (+6.1%), 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 Denmark (FOB) - 2023
In November 2023, the average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $2,241 per ton, with an increase of 2.7% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 40% against the previous month. Over the period under review, the average export prices hit record highs at $2,817 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 Norway ($2,706 per ton) and Faroe Islands ($2,239 per ton), while the average price for exports to Finland ($1,897 per ton) and Sweden ($1,926 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 Greenland (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Denmark
In 2022, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid into Denmark rose rapidly to 39K tons, with an increase of 5.7% against 2021 figures. The total import volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 14% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid rose remarkably to $47M in 2022. The total import value increased at an average annual rate of +12.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 23% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 22.1 | 27.5 | 29.4 | 31.9 | 13.0% |
| Portugal | 1.8 | 2.5 | 3.0 | 4.7 | 37.7% |
| Spain | 2.0 | 3.1 | 4.8 | 4.0 | 26.0% |
| Germany | 2.7 | 3.1 | 2.3 | 3.0 | 3.6% |
| Turkey | 1.4 | 1.9 | 1.6 | 1.7 | 6.7% |
| Lithuania | 1.0 | 1.2 | 1.4 | 0.1 | -53.6% |
| Others | 1.6 | 0.9 | 0.7 | 1.4 | -4.4% |
| Total | 32.6 | 40.2 | 43.3 | 46.8 | 12.8% |
Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Denmark in 2022:
- Italy (27.0K tons)
- Portugal (5.0K tons)
- Spain (3.4K tons)
- Germany (1.9K tons)
- Turkey (0.7K tons)
- Lithuania (0.1K tons)
Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Denmark
In 2022, approx. 907 tons of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid were exported from Denmark; with a decrease of -6.9% compared with the previous year's figure. Overall, exports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 1.6% against the previous year.
In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid reached $1.8M in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 5.5%.
| Export of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 598 | 516 | 529 | 665 | 3.6% |
| Iceland | 248 | 282 | 316 | 367 | 14.0% |
| Greenland | 206 | 227 | 227 | 221 | 2.4% |
| Faroe Islands | 150 | 189 | 229 | 201 | 10.2% |
| Norway | 317 | 214 | 228 | 191 | -15.5% |
| Finland | 170 | 189 | 125 | 56.4 | -30.8% |
| Portugal | 7.9 | 1.0 | 71.6 | 22.9 | 42.6% |
| Others | 106 | 59.8 | 43.9 | 63.1 | -15.9% |
| Total | 1,802 | 1,678 | 1,770 | 1,788 | -0.3% |
Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Denmark in 2022:
- Sweden (270.6 tons)
- Iceland (216.7 tons)
- Greenland (160.2 tons)
- Faroe Islands (126.3 tons)
- Norway (57.8 tons)
- Finland (28.0 tons)
- Portugal (24.0 tons)
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