A new study from IndexBox has highlighted the growth of the international tomato market, with production and revenue both rising in recent years.

Global tomato market revenue

According to the report, global tomato market revenue amounted to $190,4 billion in 2018, up 6,5% against the previous year. This figure reflects total revenue 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 pace of growth was the most pronounced in 2011, when the market value increased by 9,6% year-on-year. Over the period under review, the global tomato market reached its peak figure in 2014 at $196,1 billion. However, from 2015 to 2018, consumption remained at a lower figure.

Global production values

In 2018, the amount of tomatoes produced worldwide stood at 188 million tons, 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. 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 slight increase in yield figures.

Top tomato exporting countries

Global exports stood at 7,3 million tons in 2018, therefore remaining relatively stable against the previous year. It totaled $9,7 billion in value terms in 2018.

The top exporting countries in 2018 were Mexico (1,8 million tons), distantly followed by the Netherlands (1,1 million tons), Spain (797 000 tons), Morocco (550 000 tons) and Turkey (364 000 tons). Together these five countries constituted 63% of total exports. France (287 000 tons), Belgium (220 000 tons), the US (216 000 tons), Canada (191 000 tons), Azerbaijan (172 000 tons), Lithuania (157 000 tons) and China (143 000 tons) followed a long way behind the leaders.

The average tomato export price stood at $1,326 per ton 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% year-on-year.

Top tomato importing countries

In 2018, the amount of tomatoes imported worldwide stood at 6,8 million tons, 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. Over the period under review, global tomato imports reached their maximum at 7,2 million tons in 2014. However, from 2015 to 2018, imports remained at a lower figure. In value terms, tomato imports amounted to $9 billion in 2018.

The US was the key importer of tomatoes in the world. The country’s import volume finished at 1,9 million tons, which was approximately 27% of total imports in 2018. It was distantly followed by Germany (729 000 tons), Russia (578 000 tons), France (493 000 tons) and the UK (418 000 tons), together comprising a 33% share of total imports. The Netherlands (230 000 tons), Canada (228 000 tons), Pakistan (182 000 tons), Poland (153 000 tons), Spain (147 000 tons) and Italy (129 000 tons) took a minor share of total imports.

The average tomato import price stood at $1,331 per ton in 2018, shrinking by 3,8% against the previous year. In general, the tomato import price continues to indicate a relatively flat trend pattern.

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. – IndexBox