U.S.: Preserved Tomato Market Overview 2021

Preserved Tomato Market Size in the U.S.

For the third consecutive year, the U.S. preserved tomato market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, the market attained the peak level in 2020 and is expected to retain growth in years to come.

Preserved Tomato Production in the U.S.

In value terms, preserved tomato production reached $X in 2020. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% year-to-year. Over the period under review, production reached the maximum level in 2020 and is expected to retain growth in the near future.

Preserved Tomato Exports

Exports from the U.S.

Preserved tomato exports from the U.S. rose modestly to X tonnes in 2020, with an increase of X% on the previous year's figure. The total export volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum in 2020 and are expected to retain growth in years to come.

In value terms, preserved tomato exports rose to $X in 2020. The total export value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Exports peaked in 2020 and are expected to retain growth in years to come.

Exports by Country

Canada (X tonnes) was the main destination for preserved tomato exports from the U.S., accounting for a X% share of total exports. Moreover, preserved tomato exports to Canada exceeded the volume sent to the second major destination, South Korea (X tonnes), sevenfold. The third position in this ranking was occupied by Mexico (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Canada amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Mexico (+X% per year).

In value terms, Canada ($X) remains the key foreign market for preserved tomato exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and South Korea (-X% per year).

Export Prices by Country

The average preserved tomato export price stood at $X per tonne in 2020, shrinking by -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Canada ($X per tonne), while the average price for exports to El Salvador ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mexico, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Tomato Imports

Imports into the U.S.

In 2020, supplies from abroad of preserved tomatoes decreased by -X% to X tonnes for the first time since 2011, thus ending a eight-year rising trend. In general, total imports indicated a perceptible increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2009 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2019, and then contracted in the following year.

In value terms, preserved tomato imports soared to $X in 2020. Overall, total imports indicated a resilient increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2011 indices. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, Italy (X tonnes) constituted the largest preserved tomato supplier to the U.S., accounting for a X% share of total imports. Moreover, preserved tomato imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), eightfold. The third position in this ranking was occupied by Mexico (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Italy amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Mexico (-X% per year).

In value terms, Italy ($X) constituted the largest supplier of preserved tomato to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Italy amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Mexico (-X% per year).

Import Prices by Country

In 2020, the average preserved tomato import price amounted to $X per tonne, surging by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were Turkey ($X per tonne) and Italy ($X per tonne), while the price for Canada ($X per tonne) and Mexico ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for preserved tomatoes in the world?

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The country with the largest volume of preserved tomato consumption was China (2M tonnes), comprising approx. 16% of total volume. Moreover, preserved tomato consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (992K tonnes), twofold. The third position in this ranking was occupied by India (813K tonnes), with a 6.4% share.

What are the largest producers of preserved tomatoes in the world?

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The countries with the highest volumes of preserved tomato production in 2020 were China (2M tonnes), Italy (1.6M tonnes) and the U.S. (1M tonnes), together comprising 36% of global production. India, Russia, Brazil, Indonesia, Pakistan, Bangladesh, Mexico, Spain, Japan and Nigeria lagged somewhat behind, together comprising a further 27%.

What are the leading suppliers of preserved tomatoes to the U.S.?

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In value terms, Italy ($18M) constituted the largest supplier of preserved tomato to the U.S., comprising 76% of total imports. The second position in the ranking was occupied by Turkey ($2.5M), with a 11% share of total imports. It was followed by Mexico, with a 4.6% share.

What are the leading importers of preserved tomatoes from the U.S.?

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In value terms, Canada ($41M) remains the key foreign market for preserved tomato exports from the U.S., comprising 69% of total exports. The second position in the ranking was occupied by Mexico ($5M), with a 8.4% share of total exports. It was followed by South Korea, with a 6.3% share.

What is the average export price for preserved tomatoes in the U.S.?

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The average preserved tomato export price stood at $799 per tonne in 2020, falling by -1.9% against the previous year.

What is the average import price for preserved tomatoes in the U.S.?

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In 2020, the average preserved tomato import price amounted to $1,222 per tonne, jumping by 39% against the previous year.