Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Malaysia - 2024
Contents:
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Malaysia (CIF) - 2024
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Malaysia (FOB) - 2024
- Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Malaysia
- Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Malaysia
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Malaysia (CIF) - 2024
The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,705 per ton in January 2024, with a decrease of -9.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in December 2023 when the average import price increased by 28% m-o-m. As a result, import price reached the peak level of $1,882 per ton, and then declined in the following month.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Turkey ($3,226 per ton), while the price for China ($1,630 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Turkey (+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 Malaysia (FOB) - 2024
The average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $2,322 per ton in January 2024, falling by -12.4% against the previous month. Overall, the export price, however, enjoyed strong growth. The growth pace was the most rapid in April 2023 when the average export price increased by 98% m-o-m. The export price peaked at $2,786 per ton in November 2023; however, from December 2023 to January 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was Indonesia ($3,133 per ton), while the average price for exports to Australia ($1,734 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+3.5%), 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 Malaysia
In 2022, after two years of decline, there was significant growth in purchases abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid, when their volume increased by 38% to 23K tons. The total import volume increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid soared to $26M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.6 | 5.9 | 5.3 | 11.4 | 9.9% |
| Chile | 0.7 | 2.1 | 3.7 | 5.3 | 96.4% |
| Turkey | 0.6 | 1.4 | 2.7 | 3.5 | 80.0% |
| Italy | 2.4 | 2.1 | 2.4 | 3.2 | 10.1% |
| United States | 3.2 | 3.7 | 1.4 | 1.4 | -24.1% |
| Others | 1.7 | 2.1 | 1.4 | 1.4 | -6.3% |
| Total | 17.2 | 17.2 | 16.8 | 26.2 | 15.1% |
Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Malaysia in 2022:
- China (10.8K tons)
- Chile (3.9K tons)
- Turkey (3.3K tons)
- Italy (2.9K tons)
- United States (1.3K tons)
Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Malaysia
Exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid from Malaysia skyrocketed to 1.5K tons in 2022, rising by 236% compared with the previous year. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid soared to $2M in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | N/A | N/A | N/A | 1,342 | 0% |
| Indonesia | 602 | 421 | 419 | 323 | -18.7% |
| Thailand | 6.9 | 6.5 | 10.5 | 183 | 198.2% |
| Singapore | 265 | 210 | 158 | 111 | -25.2% |
| Turkey | N/A | 20.3 | 260 | N/A | 1180.8% |
| Others | 18.7 | 24.9 | 81.1 | 54.4 | 42.8% |
| Total | 893 | 683 | 929 | 2,013 | 31.1% |
Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Malaysia in 2022:
- Iraq (1160.3 tons)
- Thailand (139.8 tons)
- Indonesia (127.3 tons)
- Singapore (76.7 tons)
545
This report provides an in-depth analysis of the preserved tomato market in Malaysia.
535
This report provides an in-depth analysis of the tomato puree market in Malaysia.
824
This report provides an in-depth analysis of the global preserved tomato market.
1833
This report provides an in-depth analysis of the global tomato puree market.
545
This report provides an in-depth analysis of the preserved tomato market in Malaysia.
535
This report provides an in-depth analysis of the tomato puree market in Malaysia.
824
This report provides an in-depth analysis of the global preserved tomato market.
1833
This report provides an in-depth analysis of the global tomato puree market.
96
Global demand for preserved tomatoes is on the rise, with the market expected to see continued growth over the next seven years. Market performance is projected to increase in both volume and value terms, with key countries like China, Russia, and the United States leading the way.
2118
The U.S. continued its dominance in the global trade of tomato ketchup and paste. In 2014, the U.S. exported X thousand tons of tomato ketchup and paste totaling X million USD, X% over the previous year. Its primary trading partner was Canada, w
1215
With the help of its neighboring country, Canada, the U.S. seized control of the global tomato ketchup trade. In 2014, the U.S. supplied X% of its total tomato ketchup exports into Canada, accounting for X% of total Canada's imports.
2167
The global tomato ketchup and paste market had total revenues of X billion USD in 2013, representing a compound annual growth rate (CAGR) of X% between 2007 and 2013. The fastest growing exporters from 2007-2013 were the United Kingdom (+X% per
3314
In China, tomato products hold as much as X% of total tomato consumption, whereas they account for one-third of U.S. consumption. There remains substantial room for a surge in tomato paste consumption, as globalization trends are changing Chinese consu
96
Global demand for preserved tomatoes is on the rise, with the market expected to see continued growth over the next seven years. Market performance is projected to increase in both volume and value terms, with key countries like China, Russia, and the United States leading the way.
2118
The U.S. continued its dominance in the global trade of tomato ketchup and paste. In 2014, the U.S. exported X thousand tons of tomato ketchup and paste totaling X million USD, X% over the previous year. Its primary trading partner was Canada, w
1215
With the help of its neighboring country, Canada, the U.S. seized control of the global tomato ketchup trade. In 2014, the U.S. supplied X% of its total tomato ketchup exports into Canada, accounting for X% of total Canada's imports.
2167
The global tomato ketchup and paste market had total revenues of X billion USD in 2013, representing a compound annual growth rate (CAGR) of X% between 2007 and 2013. The fastest growing exporters from 2007-2013 were the United Kingdom (+X% per
3314
In China, tomato products hold as much as X% of total tomato consumption, whereas they account for one-third of U.S. consumption. There remains substantial room for a surge in tomato paste consumption, as globalization trends are changing Chinese consu
