Eastern Asia: Tomato Market 2024

Tomato Market Size in Eastern Asia

The East Asian tomato market totaled $X in 2023, surging by X% against the previous year. Over the period under review, consumption, however, saw resilient growth. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Tomato Production in Eastern Asia

In value terms, tomato production expanded remarkably to $X in 2023 estimated in export price. In general, production, however, showed a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

China (X tons) constituted the country with the largest volume of tomato production, accounting for X% of total volume.

From 2012 to 2023, the average annual rate of growth in terms of volume in China amounted to X%.

In 2023, the average tomato yield in Eastern Asia reduced modestly to X tons per ha, remaining stable against the year before. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the yield increased by X%. The level of yield peaked at X tons per ha in 2022, and then declined modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of tomatoes production in Eastern Asia declined modestly to X ha, stabilizing at 2022. The harvested area increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the harvested area dedicated to tomato production reached the peak figure at X ha in 2022, and then fell slightly in the following year.

Tomato Exports

Exports in Eastern Asia

In 2023, shipments abroad of tomatoes decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, tomato exports declined significantly to $X in 2023. In general, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China dominates exports structure, recording X tons, which was approx. X% of total exports in 2023. South Korea (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of tomatoes. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest tomato supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

In China, tomato exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Tomato Imports

Imports in Eastern Asia

In 2023, the amount of tomatoes imported in Eastern Asia dropped to X tons, waning by X% on the year before. Overall, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, tomato imports fell to $X in 2023. Total imports indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by X%. The level of import peaked at $X in 2022, and then fell in the following year.

Imports by Country

Hong Kong SAR was the major importing country with an import of around X tons, which finished at X% of total imports. Japan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Macao SAR (X%).

Hong Kong SAR was also the fastest-growing in terms of the tomatoes imports, with a CAGR of X% from 2012 to 2023. At the same time, Macao SAR (X%) displayed positive paces of growth. By contrast, Japan (X%) illustrated a downward trend over the same period. Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total imports, while Macao SAR and Japan saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Hong Kong SAR ($X), Japan ($X) and Macao SAR ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Among the main importing countries, Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, remaining constant against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform