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

Contents:

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

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

The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,669 per ton in November 2023, reducing by -12.3% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 20% month-to-month. The import price peaked at $2,055 per ton in August 2023; however, from September 2023 to November 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,435 per ton), while the price for China ($914 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 Germany (+8.5%), 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 Ireland (FOB) - 2023

In November 2023, the average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $2,517 per ton, rising by 9.3% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 20% against the previous month. The export price peaked at $2,835 per ton in September 2023; however, from October 2023 to November 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In November 2023, the country with the highest price was Germany ($2,558 per ton), while the average price for exports to the UK stood at $2,519 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+7.5%).

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

In 2022, supplies from abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid decreased by 0% to 26K tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 9.4%. As a result, imports reached the peak of 28K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid totaled $34M in 2022. Overall, imports continue to indicate a perceptible increase. The pace of growth appeared the most rapid in 2020 with an increase of 16% against the previous year. As a result, imports reached the peak of $34M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. Italy (13.4K tons)
2. Germany (3.3K tons)
3. Spain (3.3K tons)
4. United Kingdom (3.1K tons)
5. Portugal (1.9K tons)

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

For the fourth year in a row, Ireland recorded growth in shipments abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid, which increased by 14% to 566 tons in 2022. The total export volume increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 17%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid soared to $1.4M in 2022. Over the period under review, exports saw a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 55%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. United Kingdom (553.1 tons)
2. United Arab Emirates (1.5 tons)

Source: IndexBox Market Intelligence Platform