Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Germany - 2023

Contents:

1. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Germany (CIF) - 2023
2. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Germany (FOB) - 2023
3. Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Germany
4. Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Germany

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Germany (CIF) - 2023

In November 2023, the average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,659 per ton, rising by 2.2% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in January 2023 an increase of 7.5% against the previous month. Over the period under review, average import prices reached the maximum at $1,775 per ton in July 2023; however, from August 2023 to November 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Greece ($2,761 per ton), while the price for the Netherlands ($1,371 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Greece (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Germany (FOB) - 2023

The average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $2,588 per ton in November 2023, flattening at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 17% m-o-m. As a result, the export price reached the peak level of $2,954 per ton. From September 2023 to November 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Romania ($7,178 per ton), while the average price for exports to Poland ($1,655 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Germany

In 2022, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid into Germany rose slightly to 560K tons, increasing by 2.6% on 2021. The total import volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 3.8%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid expanded markedly to $668M in 2022. The total import value increased at an average annual rate of +14.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Germany in 2022:

1. Italy (382.0K tons)
2. Spain (63.4K tons)
3. Portugal (38.5K tons)
4. Austria (16.9K tons)
5. Turkey (14.0K tons)
6. Netherlands (10.5K tons)

Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Germany

In 2022, shipments abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid decreased by -1.9% to 26K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 15% against the previous year. As a result, the exports reached the peak of 28K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid reached $48M in 2022. The total export value increased at an average annual rate of +5.9% from 2019 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 2020 with an increase of 21%. As a result, the exports reached the peak of $49M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Germany in 2022:

1. Poland (5.8K tons)
2. Austria (4.9K tons)
3. Netherlands (2.1K tons)
4. Switzerland (1.9K tons)
5. Czech Republic (1.8K tons)
6. France (1.2K tons)
7. Italy (1.0K tons)
8. Denmark (0.8K tons)
9. Hungary (0.8K tons)
10. Spain (0.7K tons)
11. Romania (0.6K tons)
12. Belgium (0.6K tons)
13. Finland (0.5K tons)

Source: IndexBox Market Intelligence Platform