Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the UK - 2023
Contents:
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the UK (CIF) - 2023
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the UK (FOB) - 2022
- Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the UK
- Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the UK
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the UK (CIF) - 2023
The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,534 per ton in December 2023, rising by 3.9% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 6.6% against the previous month. Over the period under review, average import prices attained the peak figure at $1,589 per ton in August 2023; however, from September 2023 to December 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the countries with the highest prices were Portugal ($1,862 per ton) and Spain ($1,798 per ton), while the price for Greece ($1,260 per ton) and China ($1,377 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Greece (+3.3%), 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 the UK (FOB) - 2022
The average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,755 per ton in 2022, growing by 8.3% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 23%. The export price peaked at $1,966 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Falkland Islands (Malvinas) ($8,380 per ton), while the average price for exports to Portugal ($620 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 Saint Helena, Ascension and Tristan da Cunha (+13.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the UK
In 2022, the amount of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid imported into the UK skyrocketed to 603K tons, picking up by 26% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. 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 skyrocketed to $662M in 2022. The total import value increased at an average annual rate of +12.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained 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 UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 266 | 325 | 314 | 413 | 15.8% |
| Spain | 49.0 | 44.4 | 46.8 | 95.3 | 24.8% |
| Portugal | 45.3 | 57.1 | 51.9 | 76.1 | 18.9% |
| Greece | 18.0 | 16.9 | 23.7 | 40.0 | 30.5% |
| Netherlands | 13.7 | 9.2 | 20.5 | 3.4 | -37.2% |
| Germany | 31.0 | 28.6 | 1.7 | 0.9 | -69.3% |
| Others | 37.9 | 32.7 | 21.4 | 32.8 | -4.7% |
| Total | 461 | 514 | 480 | 662 | 12.8% |
Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to the UK in 2022:
- Italy (357.5K tons)
- Spain (93.6K tons)
- Portugal (70.0K tons)
- Greece (58.9K tons)
- Netherlands (3.4K tons)
- Germany (0.7K tons)
Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the UK
Exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid from the UK stood at 4.7K tons in 2022, remaining relatively unchanged against the previous year. Over the period under review, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 25%. As a result, the exports attained the peak of 8.8K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid rose notably to $8.3M in 2022. Overall, exports, however, showed a perceptible descent. The growth pace was the most rapid in 2020 with an increase of 21%. As a result, the exports reached the peak of $11M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 4,980 | 6,129 | 4,102 | 3,869 | -8.1% |
| Saint Helena, Ascension and Tristan da Cunha | 458 | 474 | 382 | 1,120 | 34.7% |
| Italy | 1,024 | 605 | 436 | 797 | -8.0% |
| Falkland Islands (Malvinas) | 276 | 232 | 450 | 668 | 34.3% |
| France | 355 | 151 | 51.3 | 213 | -15.7% |
| Kuwait | 25.0 | 31.6 | 7.5 | 167 | 88.3% |
| United Arab Emirates | 92.1 | 80.2 | 62.1 | 132 | 12.7% |
| Netherlands | 392 | 241 | 58.0 | 106 | -35.3% |
| Iceland | 100 | 151 | 143 | 104 | 1.3% |
| Portugal | 36.5 | 120 | 418 | 52.4 | 12.8% |
| Spain | 372 | 368 | 63.9 | 47.1 | -49.8% |
| Others | 1,390 | 2,908 | 1,392 | 998 | -10.5% |
| Total | 9,501 | 11,490 | 7,565 | 8,274 | -4.5% |
Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from the UK in 2022:
- Ireland (2677.1 tons)
- Italy (675.6 tons)
- Saint Helena, Ascension and Tristan da Cunha (179.8 tons)
- France (122.2 tons)
- Netherlands (94.5 tons)
- Kuwait (92.8 tons)
- Portugal (84.5 tons)
- United Arab Emirates (82.1 tons)
- Falkland Islands (Malvinas) (79.7 tons)
- Iceland (75.7 tons)
- Spain (29.8 tons)
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This report provides an in-depth analysis of the preserved tomato market in the UK.
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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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This report provides an in-depth analysis of the preserved tomato market in the UK.
491
This report provides an in-depth analysis of the tomato puree market in the UK.
826
This report provides an in-depth analysis of the global preserved tomato market.
1837
This report provides an in-depth analysis of the global tomato puree market.
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In July 2022, the preserved tomato price amounted to $870 per ton (CIF, United Kingdom), waning by -6% against the previous month.
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In March 2023, the tomato puree price amounted to $1,873 per ton (CIF, United Kingdom), growing by 7.1% against the previous month.
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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.
