Asia-Pacific: Tomato Market 2024

Tomato Market Size in Asia-Pacific

The Asia-Pacific tomato market amounted to $X in 2022, picking up by X% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Tomato Production in Asia-Pacific

In value terms, tomato production rose modestly to $X in 2022 estimated in export price. In general, production saw a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

China (X tons) remains the largest tomato producing country in Asia-Pacific, comprising approx. X% of total volume. Moreover, tomato production in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold.

In China, tomato production expanded at an average annual rate of X% over the period from 2012-2022.

In 2022, the average yield of tomatoes in Asia-Pacific totaled X tons per ha, remaining stable against the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2015 when the yield increased by X% against the previous year. Over the period under review, the tomato yield hit record highs in 2022 and is likely to continue growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of tomatoes were harvested in Asia-Pacific; approximately mirroring the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the harvested area increased by X%. The level of harvested area peaked in 2022 and is likely to see steady growth in years to come.

Tomato Exports

Exports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in shipments abroad of tomatoes, when their volume decreased by X% to X tons. The total export volume 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 most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, tomato exports fell markedly to $X in 2022. In general, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

In 2022, China (X tons) represented the largest exporter of tomatoes, making up X% of total exports. Afghanistan (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by India (X%) and Malaysia (X%).

From 2012 to 2022, average annual rates of growth with regard to tomato exports from China stood at X%. At the same time, Afghanistan (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and India (X%) illustrated a downward trend over the same period. While the share of Afghanistan (X p.p.) and China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and India (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Afghanistan (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then contracted in the following year.

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 China ($X per ton), while India ($X per ton) was amongst the lowest.

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

Tomato Imports

Imports in Asia-Pacific

In 2022, after four years of growth, there was significant decline in overseas purchases of tomatoes, when their volume decreased by X% to X tons. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, tomato imports rose significantly to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, Pakistan (X tons) was the major importer of tomatoes, constituting X% of total imports. Afghanistan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%) and Singapore (X%). Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tomato imports into Pakistan stood at X%. At the same time, Bangladesh (X%), Afghanistan (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. From 2012 to 2022, the share of Afghanistan, Hong Kong SAR and Bangladesh increased by X, X and X percentage points, respectively.

In value terms, Afghanistan ($X), Pakistan ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Singapore and Bangladesh lagged somewhat behind, together accounting for a further X%.

Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a pronounced contraction. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Singapore ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform