Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Portugal - 2023
Contents:
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Portugal (FOB) - 2023
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Portugal (CIF) - 2023
- Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Portugal
- Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Portugal
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Portugal (FOB) - 2023
The average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,878 per ton in November 2023, growing by 5.5% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.4%. The pace of growth appeared the most rapid in August 2023 an increase of 9.1% month-to-month. The export price peaked in November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($2,288 per ton), while the average price for exports to Spain ($1,321 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Portugal (CIF) - 2023
The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,577 per ton in November 2023, surging by 10% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.3%. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 17% m-o-m. Over the period under review, average import prices hit record highs at $1,644 per ton in May 2023; afterwards, it flattened through to November 2023.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the countries with the highest prices were Italy ($2,041 per ton) and Egypt ($2,000 per ton), while the price for Spain ($1,368 per ton) and China ($1,476 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Portugal
In 2022, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid from Portugal was estimated at 327K tons, increasing by 7.9% on the previous year's figure. The total export volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid skyrocketed to $347M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.2% against 2019 indices. 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 Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 56.3 | 72.1 | 63.6 | 67.3 | 6.1% |
| Japan | 34.0 | 34.6 | 38.5 | 48.3 | 12.4% |
| Germany | 18.1 | 19.9 | 26.8 | 39.8 | 30.0% |
| Spain | 21.3 | 24.9 | 23.6 | 32.6 | 15.2% |
| Netherlands | 8.1 | 10.2 | 23.2 | 22.8 | 41.2% |
| France | 12.0 | 13.0 | 15.6 | 16.7 | 11.6% |
| Poland | 8.1 | 10.4 | 9.1 | 16.0 | 25.5% |
| Italy | 9.0 | 25.9 | 15.3 | 15.7 | 20.4% |
| Belgium | 7.5 | 9.1 | 10.9 | 13.3 | 21.0% |
| Sweden | 6.8 | 8.3 | 9.3 | 10.4 | 15.2% |
| Oman | 3.5 | 3.0 | 0.7 | 6.2 | 21.0% |
| Others | 38.8 | 40.8 | 41.8 | 58.0 | 14.3% |
| Total | 224 | 272 | 279 | 347 | 15.7% |
Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Portugal in 2022:
- United Kingdom (67.1K tons)
- Spain (39.3K tons)
- Germany (38.8K tons)
- Japan (35.5K tons)
- Netherlands (23.0K tons)
- Italy (15.9K tons)
- France (14.6K tons)
- Belgium (13.7K tons)
- Poland (12.5K tons)
- Sweden (10.9K tons)
- Oman (5.7K tons)
Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Portugal
Imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid into Portugal declined rapidly to 34K tons in 2022, with a decrease of -16.1% compared with the previous year. In general, total imports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +3.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 63%. As a result, imports attained the peak of 40K tons, and then dropped notably in the following year.
In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $36M in 2022. Overall, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 80% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 19.7 | 13.9 | 22.2 | 22.8 | 5.0% |
| Egypt | N/A | N/A | 2.0 | 5.3 | 165.0% |
| Italy | 2.8 | 2.7 | 3.4 | 4.1 | 13.6% |
| China | N/A | 1.3 | 0.9 | 2.2 | 30.1% |
| Germany | 0.5 | 0.9 | 0.9 | 1.1 | 30.1% |
| Others | 1.0 | 0.5 | 5.5 | 1.0 | 0.0% |
| Total | 23.9 | 19.3 | 34.8 | 36.5 | 15.2% |
Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Portugal in 2022:
- Spain (24.2K tons)
- Egypt (3.3K tons)
- Italy (2.8K tons)
- China (1.9K tons)
- Germany (0.6K tons)
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