Report Update: Apr 1, 2024

Vietnam - Tomato Ketchup And Tomato Sauces - Market Analysis, Forecast, Size, Trends And Insights

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Tomato Ketchup Price in Vietnam - 2022

Tomato Ketchup Price in Vietnam (CIF) - 2022

In 2022, the average tomato ketchup import price amounted to $1,537 per ton, declining by -4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2013 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs at $1,605 per ton in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($2,757 per ton), while the price for the United States ($870 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Tomato Ketchup Price in Vietnam (FOB) - 2022

In 2022, the average tomato ketchup export price amounted to $734 per ton, waning by -6.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2015 an increase of 20% against the previous year. Over the period under review, the average export prices hit record highs at $817 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($1,164 per ton), while the average price for exports to Georgia ($377 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports in Vietnam

In 2022, supplies from abroad of tomato ketchup and tomato sauces increased by 12% to 3.1K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt curtailment.

In value terms, tomato ketchup imports expanded markedly to $4.7M in 2022. Overall, imports, however, continue to indicate a abrupt downturn.

Import of Tomato Ketchup in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	3,417	2,425	1,840	2,798	-6.4%
Malaysia	911	643	635	798	-4.3%
Italy	765	1,031	1,160	658	-4.9%
United States	411	430	146	116	-34.4%
South Korea	121	94.5	76.7	77.2	-13.9%
Others	260	386	517	247	-1.7%
Total	5,886	5,010	4,375	4,692	-7.3%

Top Suppliers of Tomato Ketchup to Vietnam in 2022:

Thailand (1949.5 tons)
Malaysia (552.8 tons)
Italy (238.5 tons)
United States (132.9 tons)
South Korea (25.2 tons)

Tomato Ketchup Exports in Vietnam

In 2022, shipments abroad of tomato ketchup and tomato sauces increased by 8.2% to 5.7K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt curtailment.

In value terms, tomato ketchup exports reached $4.2M in 2022. Overall, exports, however, continue to indicate a perceptible slump.

Export of Tomato Ketchup in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	2,250	1,960	2,121	2,123	-1.9%
Cambodia	462	593	452	488	1.8%
Slovakia	333	317	164	321	-1.2%
Uzbekistan	341	161	243	245	-10.4%
Armenia	297	240	220	211	-10.8%
Canada	62.4	81.5	119	128	27.1%
Kyrgyzstan	62.7	64.9	60.0	111	21.0%
Kazakhstan	107	97.6	112	63.9	-15.8%
Mongolia	86.6	56.8	39.7	60.4	-11.3%
Azerbaijan	27.5	23.4	55.2	55.3	26.2%
China	335	329	248	50.7	-46.7%
Others	210	283	266	296	12.1%
Total	4,573	4,207	4,099	4,153	-3.2%

Top Export Markets for Tomato Ketchup from Vietnam in 2022:

Russia (2976.4 tons)
Cambodia (672.3 tons)
Uzbekistan (314.2 tons)
Slovakia (275.9 tons)
Armenia (264.6 tons)
Kyrgyzstan (212.1 tons)
Canada (148.1 tons)
Kazakhstan (110.1 tons)
Mongolia (108.2 tons)
Azerbaijan (107.4 tons)
China (96.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tomato ketchup market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10841230 - Tomato ketchup and other tomato sauces

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023