Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the Philippines - 2023
Contents:
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the Philippines (CIF) - 2023
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the Philippines (FOB) - 2022
- Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the Philippines
- Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the Philippines
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the Philippines (CIF) - 2023
The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,342 per ton in December 2023, jumping by 15% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,368 per ton), while the price for Italy amounted to $817 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+1.1%).
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the Philippines (FOB) - 2022
In 2022, the average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,376 per ton, shrinking by -54.3% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 150% against the previous year. As a result, the export price attained the peak level of $4,307 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($3,724 per ton), while the average price for exports to Vietnam ($1,023 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 Japan (+12.3%), 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 the Philippines
In 2022, approx. 48K tons of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid were imported into the Philippines; increasing by 20% on the previous year's figure. In general, imports saw a relatively flat trend pattern. As a result, imports attained 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 surged to $47M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.9% against 2020 indices. 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 the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.7 | 27.9 | 31.2 | 41.9 | 10.9% |
| Italy | 2.6 | 1.3 | 1.7 | 4.2 | 17.3% |
| United States | 5.6 | 1.0 | 0.7 | 0.4 | -58.5% |
| Others | 0.6 | 0.3 | 0.4 | 0.8 | 10.1% |
| Total | 39.5 | 30.6 | 34.0 | 47.4 | 6.3% |
Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to the Philippines in 2022:
- China (42.0K tons)
- Italy (5.0K tons)
- United States (0.4K tons)
Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the Philippines
In 2022, the amount of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid exported from the Philippines soared to 53 tons, jumping by 1,374% compared with the previous year's figure. Over the period under review, exports showed a significant increase. 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 $73K in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached 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 the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | N/A | N/A | 45.2 | 0% |
| Japan | N/A | 12.3 | 7.3 | 18.3 | 22.0% |
| Australia | N/A | N/A | N/A | 5.8 | 0% |
| Papua New Guinea | N/A | 0.1 | 2.6 | 2.4 | 389.9% |
| Thailand | 3.9 | N/A | N/A | N/A | 0% |
| Brunei Darussalam | 3.1 | N/A | N/A | N/A | 0% |
| Others | 1.3 | 0.5 | 1.0 | 1.2 | -2.6% |
| Total | 8.4 | 12.8 | 10.8 | 73.0 | 105.6% |
Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from the Philippines in 2022:
- Vietnam (44.2 tons)
- Japan (4.9 tons)
- Australia (2.1 tons)
- Papua New Guinea (1.4 tons)
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This report provides an in-depth analysis of the preserved tomato market in the Philippines.
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This report provides an in-depth analysis of the tomato puree market in the Philippines.
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This report provides an in-depth analysis of the global preserved tomato market.
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This report provides an in-depth analysis of the global tomato puree market.
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2119
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
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