South-Eastern Asia: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in South-Eastern Asia

The Southeast Asian tomato ketchup market rose markedly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the market value increased by X%. The level of consumption peaked at $X in 2012; afterwards, it flattened through to 2022.

Tomato Ketchup Production in South-Eastern Asia

In value terms, tomato ketchup production expanded slightly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

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Tomato Ketchup Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of tomato ketchup and tomato sauces was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw 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 reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tomato ketchup exports expanded notably to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Thailand (X tons) and Malaysia (X tons) represented roughly X% of total exports in 2022. The Philippines (X tons) ranks next in terms of the total exports with an X% share, followed by Indonesia (X%) and Vietnam (X%). Singapore (X tons) followed a long way behind the leaders.

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

In value terms, the largest tomato ketchup supplying countries in South-Eastern Asia were Thailand ($X), Malaysia ($X) and the Philippines ($X), with a combined X% share of total exports. Indonesia, Vietnam and Singapore lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Tomato Ketchup Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of tomato ketchup and tomato sauces increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, tomato ketchup imports expanded modestly 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 remained consistent, with somewhat noticeable fluctuations 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 import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the five major importers of tomato ketchup and tomato sauces, namely Singapore, the Philippines, Malaysia, Cambodia and Vietnam, represented more than two-thirds of total import. It was distantly followed by Indonesia (X tons), mixing up a X% share of total imports. Timor-Leste (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the Philippines ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Vietnam, Indonesia, Cambodia and Timor-Leste lagged somewhat behind, together accounting for a further X%.

Indonesia, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 South-Eastern Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price, however, continues to indicate a mild expansion. The pace of growth was the most pronounced in 2020 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the 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 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 Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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