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 Chart

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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.