Report Update: Apr 1, 2024

Thailand - Tomato Ketchup And Tomato Sauces - Market Analysis, Forecast, Size, Trends And Insights

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Tomato Ketchup Price in Thailand - 2023

Tomato Ketchup Price in Thailand (FOB) - 2023

In September 2023, the average tomato ketchup export price amounted to $1,605 per ton, with an increase of 2.8% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average export price increased by 21% m-o-m. The export price peaked at $1,849 per ton in July 2023; however, from August 2023 to September 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In September 2023, the highest price was recorded for prices to Vietnam ($1,973 per ton) and the Netherlands ($1,789 per ton), while the average price for exports to Lao People's Democratic Republic ($1,373 per ton) and Russia ($1,443 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Price in Thailand (CIF) - 2023

The average tomato ketchup import price stood at $2,527 per ton in September 2023, surging by 11% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in April 2023 when the average import price increased by 63% month-to-month. As a result, import price reached the peak level of $3,061 per ton. From May 2023 to September 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($5,551 per ton), while the price for China ($1,331 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Tomato Ketchup Exports in Thailand

In 2022, the amount of tomato ketchup and tomato sauces exported from Thailand surged to 6.9K tons, with an increase of 17% on 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern.

In value terms, tomato ketchup exports rose significantly to $10M in 2022. The total export value increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Tomato Ketchup in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	873	930	1,308	2,978	50.5%
Cambodia	2,064	1,896	2,402	1,925	-2.3%
Vietnam	2,812	2,014	1,596	1,416	-20.4%
Myanmar	600	873	771	753	7.9%
Lao People's Democratic Republic	488	624	753	714	13.5%
Singapore	519	551	630	440	-5.4%
Taiwan (Chinese)	234	266	256	246	1.7%
Russia	138	144	251	195	12.2%
Malaysia	472	304	146	171	-28.7%
China	165	170	162	117	-10.8%
Others	960	1,163	1,222	1,254	9.3%
Total	9,326	8,936	9,497	10,208	3.1%

Top Export Markets for Tomato Ketchup from Thailand in 2022:

Japan (1887.1 tons)
Cambodia (1480.1 tons)
Vietnam (862.8 tons)
Lao People's Democratic Republic (655.1 tons)
Myanmar (597.4 tons)
Singapore (301.5 tons)
Taiwan (Chinese) (155.0 tons)
Malaysia (129.0 tons)
Russia (110.2 tons)
China (70.3 tons)

Tomato Ketchup Imports in Thailand

In 2022, overseas purchases of tomato ketchup and tomato sauces were finally on the rise to reach 948 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a drastic downturn.

In value terms, tomato ketchup imports skyrocketed to $2.6M in 2022. The total import value increased at an average annual rate of +4.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 23%. As a result, imports reached the peak of $2.8M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Tomato Ketchup in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	518	720	644	615	5.9%
Australia	215	308	293	460	28.9%
Italy	312	362	304	415	10.0%
China	415	378	293	308	-9.5%
United States	592	752	237	176	-33.3%
Japan	31.9	28.2	92.0	94.6	43.7%
India	25.8	29.0	47.6	69.7	39.3%
Others	133	178	220	414	46.0%
Total	2,243	2,754	2,130	2,552	4.4%

Top Suppliers of Tomato Ketchup to Thailand in 2022:

China (224.6 tons)
Italy (175.7 tons)
Australia (147.6 tons)
Malaysia (140.1 tons)
Japan (67.8 tons)
United States (61.3 tons)
India (46.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tomato ketchup market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10841230 - Tomato ketchup and other tomato sauces

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023