Asia-Pacific: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Asia-Pacific

The Asia-Pacific tomato ketchup market expanded slightly to $X in 2022, with an increase of X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Tomato Ketchup Production in Asia-Pacific

In value terms, tomato ketchup production expanded to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Tomato Ketchup Exports

Exports in Asia-Pacific

In 2022, shipments abroad of tomato ketchup and tomato sauces decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate mild growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, tomato ketchup exports declined notably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China was the main exporter of tomato ketchup and tomato sauces in Asia-Pacific, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Thailand (X tons) held the second position in the ranking, followed by Australia (X tons), Malaysia (X tons), New Zealand (X tons), India (X tons) and South Korea (X tons). All these countries together held approx. X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of tomato ketchup and tomato sauces. At the same time, Australia (X%), India (X%), South Korea (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.), Thailand (X p.p.), India (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.), New Zealand (X p.p.) and Malaysia (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest tomato ketchup supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In China, tomato ketchup exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Australia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Tomato Ketchup Imports

Imports in Asia-Pacific

In 2022, imports of tomato ketchup and tomato sauces in Asia-Pacific rose remarkably to X tons, picking up by X% compared with the year before. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tomato ketchup imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 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.

Imports by Country

In 2022, Australia (X tons), distantly followed by South Korea (X tons), Japan (X tons), Hong Kong SAR (X tons), New Zealand (X tons), China (X tons), Taiwan (Chinese) (X tons), Singapore (X tons) and the Philippines (X tons) were the main importers of tomato ketchup and tomato sauces, together comprising X% of total imports. The following importers - Malaysia (X tons), Cambodia (X tons), Vietnam (X tons) and Indonesia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to tomato ketchup imports into Australia stood at X%. At the same time, Indonesia (X%), Cambodia (X%), Vietnam (X%), China (X%), Malaysia (X%), Taiwan (Chinese) (X%), Japan (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. New Zealand, Hong Kong SAR and the Philippines experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Taiwan (Chinese) and Cambodia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported tomato ketchup and tomato sauces in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with an X% share.

In Australia, tomato ketchup imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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