Preserved Tomato Market Overview in Thailand
In value terms, preserved tomato production reached $ in 2019 estimated in export prices. Overall, production enjoyed a buoyant increase. The pace of growth was the most pronounced in 2011 when the production volume increased by % against the previous year. Over the period under review, production reached the peak level in 2019 and is expected to retain growth in years to come.
The value of the preserved tomato market in Thailand reached $ in 2019, surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a buoyant expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2013 indices. The most prominent rate of growth was recorded in 2011 when the market value increased by % y-o-y. Over the period under review, the market hit record highs in 2019 and is likely to see steady growth in years to come.