India: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in India

The Indian tomato ketchup market rose sharply to $X in 2022, growing by X% against the previous year. Overall, 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 hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Tomato Ketchup Production in India

In value terms, tomato ketchup production expanded sharply to $X in 2022 estimated in export price. In general, the total production indicated a remarkable 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Tomato Ketchup Exports

Exports from India

In 2022, overseas shipments of tomato ketchup and tomato sauces decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a strong increase from 2012 to 2022: its volume 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, exports increased by X% against 2012 indices. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, tomato ketchup exports declined slightly to $X in 2022. In general, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined modestly in the following year.

Exports by Country

The United States (X tons), the Philippines (X tons) and Malaysia (X tons) were the main destinations of tomato ketchup exports from India, together comprising X% of total exports. Nepal, the UK, Qatar, Indonesia, Canada, Singapore, the United Arab Emirates, Bangladesh, Australia and Kuwait lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tomato ketchup exported from India were Nepal ($X), the United States ($X) and the Philippines ($X), together comprising X% of total exports. Malaysia, the UK, Canada, Indonesia, Qatar, Singapore, the United Arab Emirates, Australia, Kuwait and Bangladesh lagged somewhat behind, together comprising a further X%.

Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tomato ketchup export price stood at $X per ton in 2022, remaining relatively unchanged 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 average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nepal ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports

Imports into India

In 2022, overseas purchases of tomato ketchup and tomato sauces decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tomato ketchup imports rose sharply to $X in 2022. Over the period under review, imports showed a abrupt descent. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest tomato ketchup supplier to India, accounting for a X% share of total imports. Moreover, tomato ketchup imports from Italy exceeded the figures recorded by the second-largest supplier, Bhutan (X tons), threefold. The third position in this ranking was held by Bangladesh (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bhutan (X% per year) and Bangladesh (X% per year).

In value terms, Italy ($X) constituted the largest supplier of tomato ketchup and tomato sauces to India, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and the UK (X% per year).

Import Prices by Country

The average tomato ketchup import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Bhutan ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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