Tomato Paste Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Tomato Paste in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Tomato Paste Price Trend for the First Half of 2023

Tomato Paste is a thick paste made out of tomatoes by continuously cooking them for several hours. It is usually preserved and used as a readymade substitute for fresh tomatoes in various food-related sectors like pizzas, sauces, soups, and jams.

Tomato Paste Price Chart

Tomato Paste Price Trends


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Since tomatoes are the prime ingredient for making Tomato Paste, their price trend align closely with each other. During the first half of the year 2023, the Tomato Paste prices remained inclined for the entire duration. The adverse weather conditions, like uneven and unforeseen rainfalls, severely disrupted the crop cycles.

The tomato yield was depleted to such levels that the United Kingdom had to almost double up its imports to sustain supplies in the vegetable market. Such supply shortage for tomatoes further fueled the Tomato Paste demands, and the price trend remained on an uphill trek throughout the said period.

Analyst Insight

According to Procurement Resource, the Tomato Paste prices are likely to continue growing for some period. However, the market will strive for some stability after that.

Procurement Resource provides latest prices of Tomato Paste. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About

Tomato paste is basically a thick paste that is prepared by cooking tomatoes for several hours. In appearance, it is a thick red paste. The two significant types of tomato paste are hot break and cold break, which are further used in the production of different end products. Based on the formulation, the paste can serve as a base for preparing either ketchup or reconstituted tomato juice.

Product Details

Report Features Details
Product Name Tomato paste
Industrial Uses Sauces, Pizzas, Soups, Jams
Supplier Database Del Monte Food, Inc, H.J. Heinz Company of Canada LP, KRAFT Foods, Cento Fine Foods, General Mills
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


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Production Processes

  • Production of Tomato Paste via Hot Brake System; and via Cold Brake System

In hot brake process, tomato pulp is heated between 85 to 95 degree Celsius. After this, the pulp undergoes filtration  to remove tomato seeds and peels. Finally, the mixture is evaporated to reduce the moisture content and form a thick Tomato Paste.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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