ASEAN: Tomato Market 2024

Tomato Market Size in ASEAN

The ASEAN tomato market rose slightly to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Tomato Production in ASEAN

In value terms, tomato production expanded notably to $X in 2023 estimated in export price. The total production indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Indonesia (X tons) constituted the country with the largest volume of tomato production, accounting for X% of total volume. Moreover, tomato production in Indonesia exceeded the figures recorded by the second-largest producer, the Philippines (X tons), fivefold. Malaysia (X tons) ranked third in terms of total production with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume in Indonesia totaled X%. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Malaysia (X% per year).

The average tomato yield amounted to X tons per ha in 2023, almost unchanged from 2022 figures. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2021; however, from 2022 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of tomatoes were harvested in ASEAN; declining by X% against 2022 figures. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2022, and then reduced in the following year.

Tomato Exports

Exports in ASEAN

For the fifth year in a row, ASEAN recorded decline in overseas shipments of tomatoes, which decreased by X% to X tons in 2023. Over the period under review, exports recorded a mild curtailment. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports failed to regain momentum.

In value terms, tomato exports reached $X in 2023. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

Malaysia prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2023. The following exporters - Thailand (X tons) and Vietnam (X tons) - together made up X% of total exports.

Exports from Malaysia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Thailand (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. While the share of Thailand (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest tomato supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Malaysia was relatively modest. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Tomato Imports

Imports in ASEAN

For the fourth consecutive year, ASEAN recorded growth in supplies from abroad of tomatoes, which increased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked in 2023 and is likely to see steady growth in the immediate term.

In value terms, tomato imports shrank to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then dropped in the following year.

Imports by Country

Singapore represented the largest importing country with an import of about X tons, which accounted for X% of total imports. Malaysia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Brunei Darussalam (X%) and Vietnam (X%). Thailand (X tons) took a little share of total imports.

Singapore experienced a relatively flat trend pattern with regard to volume of imports of tomatoes. At the same time, Vietnam (X%), Brunei Darussalam (X%), Malaysia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. While the share of Brunei Darussalam (X p.p.), Malaysia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported tomatoes in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Malaysia, with an X% share.

In Singapore, tomato imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform