Report Update: May 1, 2024

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

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Tomato Ketchup Price in the Philippines - 2023

Tomato Ketchup Price in the Philippines (CIF) - 2023

The average tomato ketchup import price stood at $1,426 per ton in July 2023, which is down by -32.6% against the previous month. In general, import price indicated a modest increase from July 2022 to July 2023: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, tomato ketchup import price decreased by -32.6% against June 2023 indices. The pace of growth was the most pronounced in June 2023 an increase of 31% against the previous month. As a result, import price reached the peak level of $2,116 per ton, and then fell remarkably in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($2,452 per ton), while the price for the United States ($1,181 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Tomato Ketchup Price in the Philippines (FOB) - 2023

In July 2023, the average tomato ketchup export price amounted to $1,638 per ton, shrinking by -16.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The pace of growth was the most pronounced in October 2022 when the average export price increased by 15% m-o-m. The export price peaked at $1,965 per ton in June 2023, and then reduced notably in the following month.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Singapore ($2,605 per ton), while the average price for exports to Guam ($357 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guam (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports in the Philippines

After two years of decline, purchases abroad of tomato ketchup and tomato sauces increased by 52% to 5.3K tons in 2022. In general, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some 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, tomato ketchup imports skyrocketed to $6.3M in 2022. Overall, total imports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Tomato Ketchup in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	3,313	2,970	1,935	2,468	-9.3%
Mexico	97.7	92.6	696	1,193	130.3%
India	503	302	415	806	17.0%
Italy	467	372	234	729	16.0%
Indonesia	671	853	415	620	-2.6%
Spain	139	56.6	41.8	224	17.2%
China	360	205	1.1	28.7	-57.0%
Others	287	166	206	262	-3.0%
Total	5,839	5,017	3,944	6,332	2.7%

Top Suppliers of Tomato Ketchup to the Philippines in 2022:

United States (2384.8 tons)
India (679.5 tons)
Mexico (678.7 tons)
Indonesia (610.1 tons)
Italy (545.3 tons)
Spain (187.2 tons)
China (26.2 tons)

Tomato Ketchup Exports in the Philippines

In 2022, approx. 1.9K tons of tomato ketchup and tomato sauces were exported from the Philippines; growing by 153% compared with 2021 figures. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tomato ketchup exports skyrocketed to $2.8M in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Tomato Ketchup in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	7.7	32.5	14.4	682	345.8%
United States	23.0	210	98.5	573	192.1%
United Arab Emirates	322	734	440	532	18.2%
Canada	48.3	119	138	301	84.0%
Australia	N/A	63.4	48.9	178	67.6%
New Zealand	4.4	53.1	34.4	101	184.2%
Qatar	33.0	114	27.1	87.9	38.6%
Saudi Arabia	24.2	18.9	32.8	63.3	37.8%
United Kingdom	20.5	18.8	12.5	60.3	43.3%
China	3.1	N/A	N/A	32.6	119.1%
Guam	0.1	N/A	0.4	31.8	582.6%
Others	65.1	87.1	145	176	39.3%
Total	551	1,449	991	2,820	72.3%

Top Export Markets for Tomato Ketchup from the Philippines in 2022:

United States (412.8 tons)
United Arab Emirates (360.7 tons)
Singapore (315.4 tons)
Canada (229.0 tons)
Australia (133.2 tons)
New Zealand (70.0 tons)
Qatar (60.3 tons)
Saudi Arabia (46.8 tons)
Guam (29.8 tons)
China (28.9 tons)
United Kingdom (26.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tomato ketchup market in the Philippines. 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:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
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