New Articles

Spain’s Production of Tomato Ketchup and Sauces Grew for the Tenth Consecutive Year, Driven by Expanding Exports

ketchup

Spain’s Production of Tomato Ketchup and Sauces Grew for the Tenth Consecutive Year, Driven by Expanding Exports

IndexBox has just published a new report: ‘Spain – Tomato Ketchup And Tomato Sauces – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The revenue of the tomato ketchup market in Spain amounted to $280M in 2018, shrinking by -5.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). In general, tomato ketchup consumption, however, continues to indicate a measured setback. The growth pace was the most rapid in 2009 with an increase of 7.2% y-o-y. Tomato ketchup consumption peaked at $432M in 2011; however, from 2012 to 2018, consumption remained at a lower figure.

Market Forecast 2019-2025 in Spain

Driven by increasing demand for tomato ketchup in Spain, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.4% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 279K tonnes by the end of 2025.

Production in Spain

In 2018, the production of tomato ketchup and tomato sauces in Spain stood at 334K tonnes, going up by 4.6% against the previous year. Overall, tomato ketchup production continues to indicate mild growth. The most prominent rate of growth was recorded in 2016 when production volume increased by 6.9% year-to-year. Over the period under review, tomato ketchup production reached its maximum volume in 2018 and is expected to retain its growth in the immediate term.

In value terms, tomato ketchup production totaled $304M in 2018 estimated in export prices. In general, tomato ketchup production continues to indicate a drastic downturn. The growth pace was the most rapid in 2011 when production volume increased by 6.2% year-to-year. In that year, tomato ketchup production attained its peak level of $492M. From 2012 to 2018, tomato ketchup production growth remained at a lower figure.

 

Exports from Spain

In 2018, the tomato ketchup exports from Spain amounted to 88K tonnes, going up by 20% against the previous year. Overall, the total exports indicated a temperate expansion from 2008 to 2018: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, tomato ketchup exports increased by +40.4% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 39% against the previous year. Over the period under review, tomato ketchup exports attained their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, tomato ketchup exports stood at $123M (IndexBox estimates) in 2018. In general, the total exports indicated a modest increase from 2008 to 2018: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, tomato ketchup exports increased by +80.2% against 2016 indices. The pace of growth was the most pronounced in 2018 when exports increased by 67% year-to-year. In that year, tomato ketchup exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

France (53K tonnes) was the main destination for tomato ketchup exports from Spain, with a 60% share of total exports. Moreover, tomato ketchup exports to France exceeded the volume sent to the second major destination, the UK (6.6K tonnes), eightfold. The Netherlands (5.6K tonnes) ranked third in terms of total exports with a 6.4% share.

From 2008 to 2018, the average annual rate of growth in terms of volume to France amounted to +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+7.9% per year) and the Netherlands (+7.1% per year).

In value terms, France ($81M) remains the key foreign market for tomato ketchup exports from Spain, comprising 66% of total tomato ketchup exports. The second position in the ranking was occupied by Portugal ($6.1M), with a 5% share of total exports. It was followed by the Netherlands, with a 4.9% share.

From 2008 to 2018, the average annual growth rate of value to France amounted to +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+0.0% per year) and the Netherlands (+4.6% per year).

Export Prices by Country

The average tomato ketchup export price stood at $1,398 per tonne in 2018, rising by 39% against the previous year. Overall, the tomato ketchup export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 39% year-to-year. The export price peaked at $1,518 per tonne in 2008; however, from 2009 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($1,543 per tonne), while the average price for exports to the UK ($776 per tonne) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced a decline.

Imports into Spain

In 2018, the imports of tomato ketchup and tomato sauces into Spain amounted to 24K tonnes, lowering by -3.8% against the previous year. Over the period under review, the total imports indicated a pronounced increase from 2008 to 2018: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, tomato ketchup imports decreased by -14.6% against 2015 indices. The pace of growth was the most pronounced in 2015 with an increase of 68% y-o-y. Over the period under review, tomato ketchup imports attained their maximum at 29K tonnes in 2010; however, from 2011 to 2018, imports stood at a somewhat lower figure.

In value terms, tomato ketchup imports stood at $32M (IndexBox estimates) in 2018. Over the period under review, tomato ketchup imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 26% y-o-y. Imports peaked at $36M in 2010; however, from 2011 to 2018, imports failed to regain their momentum.

Imports by Country

The Netherlands (7.6K tonnes), Poland (4.5K tonnes) and the UK (3.8K tonnes) were the main suppliers of tomato ketchup imports to Spain, with a combined 65% share of total imports.

From 2008 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the UK, while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($9.9M), Poland ($6.8M) and the UK ($4.4M) appeared to be the largest tomato ketchup suppliers to Spain, together accounting for 66% of total imports.

In terms of the main suppliers, Poland recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average tomato ketchup import price amounted to $1,307 per tonne, growing by 5.9% against the previous year. Overall, the tomato ketchup import price, however, continues to indicate a moderate reduction. The pace of growth was the most pronounced in 2011 an increase of 23% y-o-y. Over the period under review, the average import prices for tomato ketchup and tomato sauces attained their maximum at $1,701 per tonne in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the highest prices were recorded for prices from Germany ($1,629 per tonne) and Poland ($1,521 per tonne), while the price for Portugal ($1,087 per tonne) and the UK ($1,148 per tonne) were amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

tomato

Global Tomato Market 2019 – Robust Consumption Growth in China and India Drives the Global Market

IndexBox has just published a new report: ‘World – Tomatoes – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The global tomato market revenue amounted to $190.4B in 2018, rising by 6.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.1% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011, when the market value increased by 9.6% y-o-y. Over the period under review, the global tomato market reached its peak figure level at $196.1B in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Production 2007-2018

In 2018, the amount of tomatoes produced worldwide stood at 188M tonnes, rising by 3.5% against the previous year. The total output volume increased at an average annual rate of +2.9% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2009, with an increase of 9.8% against the previous year. Global tomato production peaked in 2018, and is likely to see steady growth in the immediate term. The general positive trend in terms of tomato output was largely conditioned by moderate growth of the harvested area and a mild increase in yield figures.

Exports 2007-2018

Global exports stood at 7.3M tonnes in 2018, therefore, remained relatively stable against the previous year. The total export volume increased at an average annual rate of +1.6% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations in certain years. In value terms, tomato exports totaled $9.7B (IndexBox estimates) in 2018.

Exports by Country

In 2018, Mexico (1.8M tonnes), distantly followed by the Netherlands (1.1M tonnes), Spain (797K tonnes), Morocco (550K tonnes) and Turkey (364K tonnes) represented the largest exporters of tomatoes, together constituting 63% of total exports. France (287K tonnes), Belgium (220K tonnes), the U.S. (216K tonnes), Canada (191K tonnes), Azerbaijan (172K tonnes), Lithuania (157K tonnes) and China (143K tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Azerbaijan, while the other global leaders experienced more modest paces of growth.

In value terms, Mexico ($2.3B), the Netherlands ($1.9B) and Spain ($1.3B) constituted the countries with the highest levels of exports in 2018, together comprising 57% of global exports. Morocco, Canada, France, Turkey, the U.S., Belgium, Lithuania, Azerbaijan and China lagged somewhat behind, together comprising a further 32%.

Export Prices by Country

The average tomato export price stood at $1,326 per tonne in 2018, jumping by 4.7% against the previous year. Over the last eleven year period, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2010, when the average export price increased by 18% y-o-y. Over the period under review, the average export prices for tomatoes attained their maximum in 2018, and is expected to retain its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was Canada ($2,159 per tonne), while Turkey ($894 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by Azerbaijan, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, the amount of tomatoes imported worldwide stood at 6.8M tonnes, growing by 4.7% against the previous year. The total import volume increased at an average annual rate of +1.5% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. The growth pace was the most rapid in 2009, with an increase of 9.7% against the previous year. Over the period under review, global tomato imports reached their maximum at 7.2M tonnes in 2014; however, from 2015 to 2018, imports remained at a lower figure. In value terms, tomato imports amounted to $9B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +2.1% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010, when imports increased by 12% against the previous year. Over the period under review, global tomato imports reached their maximum at $9.3B in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. represented the key importer of tomatoes in the world, with the volume of imports finishing at 1.9M tonnes, which was approx. 27% of total imports in 2018. It was distantly followed by Germany (729K tonnes), Russia (578K tonnes), France (493K tonnes) and the UK (418K tonnes), together mixing up a 33% share of total imports. The Netherlands (230K tonnes), Canada (228K tonnes), Pakistan (182K tonnes), Poland (153K tonnes), Spain (147K tonnes) and Italy (129K tonnes) took a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to tomato imports into the U.S. stood at +5.1%. At the same time, Pakistan (+27.5%), Poland (+6.1%), Italy (+3.9%), the Netherlands (+1.6%) and Canada (+1.3%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest growing importer in the world, with a CAGR of +27.5% from 2007-2018. Germany, Russia, France, the UK and Spain experienced a relatively flat trend pattern. From 2007 to 2018, the share of the U.S. and Pakistan increased by +12% and +2.5% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($2.5B), Germany ($1.5B) and the UK ($700M) appeared to be the countries with the highest levels of imports in 2018, together comprising 52% of global imports. These countries were followed by France, Russia, Canada, the Netherlands, Poland, Italy, Spain and Pakistan, which together accounted for a further 29%.

Import Prices by Country

The average tomato import price stood at $1,331 per tonne in 2018, shrinking by -3.8% against the previous year. In general, the tomato import price, however, continues to indicate a relatively flat trend pattern. Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($2,017 per tonne), while Pakistan ($520 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Spain, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform