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Tomato Puree Price Trend and Forecast

Regional Price Overview

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

Tomato Puree Price Trend for the First Half of 2023

Tomato Puree is made from tomatoes by grinding them to a thick liquidy consistency. It can be preserved and stocked for later usage. Tomato Puree price trend are dependent on tomato price trend.

Tomato Puree Price Trends and Forecast

In the first two quarters of 2023, the tomato prices shot through the roof because of rigid supply curtailments. The unforeseen weather disruptions aggravated the tomato yields globally. Uneven and unseasonal rainfall patterns were primarily responsible for high jumps in Tomato Puree price trend. The demand was an all time high as tomato supplies were short, people turned to preserved and stocked puree options for food business and household needs. Overall, an inclined market trend was observed.

Analyst Insight

According to Procurement Resource, The Tomato Puree prices are likely to stabilize in the coming months, since the uphill incline has reached an unsustainable level.

Tomato Puree Price Trend for the Second Half of 2022

Tomato puree is extracted from tomato plants and is famous for its applications in the food industry. The prices of tomatoes thus affected the price trend of tomato puree. In the Asian region, the prices of tomatoes declined significantly, and traders were forced to sell their crops at compromised rates in August. However, the prices inclined in September as the availability of the product shrank and traders were able to raise the prices of the commodity.

In the fourth quarter of 2022, the prices of tomatoes and tomato puree stabilized in the European region as the energy crises and rise in the prices forced the manufacturers to increase their prices, driving the price trend of tomato puree in the region with the biggest spike seen in the Netherlands.

The production of tomatoes in the US was also stable and the region saw a decline in dependency of its crops on additional supplements. However, the extreme weather conditions and the possibility of a hurricane negatively impacted the market.

Analyst Insight

According to Procurement Resource, the price trend for Tomato Puree are likely to remain volatile in the upcoming quarters. The rise in inflation and uncertain market dynamics for tomatoes will guide the market of tomato puree globally.

Tomato Puree Price Trend For the First Half of 2022

In China, tomato prices peaked in January 2022 at 10.34 RMB/kg. Overall, the cost was significantly more than it was during the same time in 2020. Due to a heat wave and decreased production in South India, tomato prices in New Delhi, India, increased by 44% in June to 46 INR/kg.

Traders blamed South Indian crop failure for the price hike. Hence, these inflated prices heavily impacted the price trend for tomato puree. The tomato prices in Europe continued to rise averaging 3.24 Euro/kg.

The average cost of Spanish tomatoes was greater than it was in 2021 but not much higher than that of Dutch tomatoes. The value of US tomatoes increased by 24% in 2022. Hence, these inflated prices heavily impacted the price trend for tomato puree, keeping them anchored worldwide.

Procurement Resource provides latest prices of Tomato Puree. 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 puree is a thick liquid made by cooking and straining tomatoes. The term tomato puree has different interpretations in different regions; like in the USA, it is an unseasoned processed food, whereas seasoned versions are prevalent throughout Europe.

The difference between tomato puree, paste and sauce lies in the consistency; generally, the puree is much thicker and richer in flavour. Tomato puree contains antioxidants, including lycopene, beta-carotene, and vitamin E & C, which help reduce blood pressure and improve overall immune function.

Product Details

Report Features Details
Product Name Tomato Puree
Industrial Uses Culinary, Consumer Goods, Food and Beverage
HS Code 200290
Synonyms Solanum lycopersicum fruit puree
Supplier Database Galla Foods, Kiril Mischief, China Kunyu Industrial Co., Ltd., Aditi Foods (India) Pvt. Ltd, Riviana Foods Inc.
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


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of Tomato Puree via Mashing

The tomatoes are harvested, followed by washing and sorting. Then they are cut into smaller pieces and heated to concentrate the flavour extracted in the next stage. After a series of cooling and sterilization processes, the puree is sent for bottling and packing.

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).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

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Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

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Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

Subscribe to Unlock Access

  • Price Across Multiple Locations
  • Market Insights
  • Download Data in Excel Format
  • Short Term Price Forecasts
  • Prices of More than 400 Commodities and Utilities

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

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