Southern Asia: Preserved Tomato Market 2024

Preserved Tomato Market Size in Southern Asia

The South Asian preserved tomato market reduced to $X in 2023, falling by X% against the previous year. The total consumption indicated a strong 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. Based on 2023 figures, consumption increased by X% against 2021 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Preserved Tomato Production in Southern Asia

In value terms, preserved tomato production dropped to $X in 2023 estimated in export price. The total production indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

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Preserved Tomato Exports

Exports in Southern Asia

In 2023, approx. X tons of preserved tomatoes were exported in Southern Asia; growing by X% compared with the previous year's figure. Overall, exports, however, faced a deep reduction. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, preserved tomato exports surged to $X in 2023. In general, exports, however, saw a deep reduction. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

India (X tons) represented roughly X% of total exports in 2023.

India was also the fastest-growing in terms of the preserved tomatoes exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest preserved tomato supplier in Southern Asia.

From 2012 to 2023, the average annual growth rate of value in India amounted to X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, surging by X% against the previous year. Export price indicated a prominent expansion from 2012 to 2023: its price 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. Based on 2023 figures, preserved tomato export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The level of export peaked at $X per ton in 2020; afterwards, it flattened through to 2023.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Preserved Tomato Imports

Imports in Southern Asia

In 2023, overseas purchases of preserved tomatoes increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the immediate term.

In value terms, preserved tomato imports rose rapidly to $X in 2023. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are likely to continue growth in years to come.

Imports by Country

In 2023, India (X tons) was the main importer of preserved tomatoes, mixing up X% of total imports. It was distantly followed by Maldives (X tons), mixing up a X% share of total imports. The following importers - Sri Lanka (X tons), Nepal (X tons) and Bangladesh (X tons) - together made up X% of total imports.

India was also the fastest-growing in terms of the preserved tomatoes imports, with a CAGR of X% from 2012 to 2023. At the same time, Maldives (X%), Sri Lanka (X%), Nepal (X%) and Bangladesh (X%) displayed positive paces of growth. While the share of India (X p.p.), Maldives (X p.p.) and Sri Lanka (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported preserved tomatoes in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Maldives ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in India amounted to X%. In the other countries, the average annual rates were as follows: Maldives (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, increasing by X% against the previous year. Import price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, preserved tomato import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2023 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform