Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Vietnam - 2022

Contents:

1. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Vietnam (CIF) - 2022
2. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Vietnam (FOB) - 2022
3. Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Vietnam
4. Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Vietnam

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Vietnam (CIF) - 2022

In 2022, the average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,283 per ton, growing by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($1,295 per ton) and Australia ($1,294 per ton), while the price for Italy ($1,159 per ton) and the United States ($1,289 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.4%), 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 Vietnam (FOB) - 2022

In 2022, the average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,207 per ton, picking up by 22% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($1,231 per ton) and Taiwan (Chinese) ($1,231 per ton), while the average price for exports to Singapore ($1,170 per ton) and Russia ($1,183 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+3.7%), 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 Vietnam

Imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid into Vietnam soared to 11K tons in 2022, rising by 18% on the previous year. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed 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 surged to $15M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +47.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (8.2K tons)
2. Australia (1.2K tons)
3. Italy (0.8K tons)
4. United States (0.8K tons)
5. Thailand (0.5K tons)

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

In 2022, the amount of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid exported from Vietnam dropped significantly to 644 tons, shrinking by -32.2% on 2021 figures. Overall, exports faced a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 5.8%.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid fell rapidly to $778K in 2022. In general, exports saw a noticeable decrease. The growth pace was the most rapid in 2021 when exports increased by 19% against the previous year. As a result, the exports reached the peak of $944K, and then fell markedly in the following year.

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

1. Taiwan (Chinese) (234.5 tons)
2. Singapore (205.1 tons)
3. United States (70.1 tons)
4. Russia (61.3 tons)
5. Japan (43.0 tons)
6. China (16.2 tons)

Source: IndexBox Market Intelligence Platform