Tomato Paste Price Trend 2025, Chart, Industry Analysis and Forecast

Tomato Paste (Industrial Grade) Price Trends and Forecast: Ex-Works India (YoY Analysis)

The price of industrial-grade tomato paste in India has shown marginal fluctuations over the last year, reflecting a market that is largely stable but sensitive to supply and demand dynamics. Based on Ex-Works pricing, October 2023 recorded a price of USD 1115/TON, which slightly dipped to USD 1105/TON in October 2024, representing a modest 1% year-on-year (YoY) decrease. However, November 2024 saw a price increase to USD 1160/TON, up by 1% compared to USD 1150/TON in November 2023. In December, the price dropped from USD 1105/TON in 2023 to USD 1075/TON in 2024, marking a 3% decline.

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These price changes indicate a relatively balanced market, where fluctuations are driven by short-term shifts in raw material availability, seasonal harvesting patterns, and changes in domestic and export demand. The slight rise in November may have been influenced by increased procurement for food processing industries ahead of year-end production cycles. Conversely, December's price dip could be attributed to lower demand or improved availability of raw tomatoes during the post-harvest period.

Looking ahead to 2025, Expert Market Research forecasts that prices may remain stable or see a slight uptick. This outlook is underpinned by expectations of tighter supply due to reduced tomato cultivation possibly driven by erratic weather patterns or lower acreage-and growing demand from both domestic processors and export markets. With rising consumption of processed foods and sauces, demand for industrial-grade tomato paste is expected to continue its gradual climb.

While the YoY price changes for tomato paste in India have been modest, market fundamentals suggest a cautiously optimistic outlook for 2025. Processors and traders should prepare for potential supply constraints and adjust procurement strategies accordingly to maintain cost efficiency.

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Global Tomato Paste (Industrial Grade) Trade Overview: Key Exporters, Importers, and Suppliers

The industrial-grade tomato paste market is globally interconnected, with major producing countries supplying high-demand regions through well-established supplier networks. Here's a detailed overview of the leading exporting and importing countries, along with the most prominent global suppliers.

Leading Exporting Countries

Tomato paste exports are dominated by countries with strong agricultural infrastructure and advanced food processing capabilities. Italy is a long-standing leader, known for its premium quality tomato products. The United States is also a major exporter, supported by large-scale producers and strong global distribution networks. Other key exporters include the Netherlands, Spain, Germany, Poland, India, and Turkey, which benefit from favorable climates, large tomato harvests, and well-developed processing industries.

Leading Importing Countries

Demand for tomato paste is strong in countries where domestic production is either limited or insufficient to meet industrial requirements. The United Kingdom and Japan are among the largest importers, driven by their developed food processing industries. Russia, France, and Saudi Arabia also rely heavily on imports to meet internal consumption and processing needs. Additionally, South Korea, Egypt, and Indonesia are significant importers, reflecting their growing food manufacturing sectors and increasing demand for packaged foods.

Major Suppliers

The global tomato paste market is served by a mix of established multinational companies and regional producers. Notable suppliers include Neil Jones Food Company (U.S.), General Mills Inc. (U.S.), and Pacific Coast Producers (U.S.), all known for consistent quality and large-scale production. Arzia b.v. (Netherlands) and Casalasco - Pomì Brand (Italy) offer premium European products, while The Morning Star (USA) is one of the largest tomato processors globally. Conesa Group (Spain) and The Kraft Heinz Company (U.S.) also play key roles in meeting international demand.

These supply chains are crucial in ensuring year-round availability of tomato paste for various industries, from foodservice to retail product manufacturing.

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Report Scope:
• Historical Price Data and Analysis, 2021-2024
o Historical Price Data - Monthly
o Grade-Wise Price Fluctuation
o Correlation with Feedstock Price Movement
o Key Market Opportunities and Risks
• Price Outlook
o Monthly Price Forecast (Rolling 3-month forecast for 12 months) (3 Month Quarterly Update)
o Long-Term Price Forecast (2 years), 2025-2026
o Price Influencing Factors
• Supply and Demand Analysis
o Global Market Supply Analysis (2021-2026)
o Global Market Demand Analysis (2021-2026)
o Demand-Supply Gap Analysis
o Historical Dynamics (2021-2024)
o Market Dynamics (Drivers and Constraints)
o Top 5 Deficit Countries with Net Import
o Top 5 Surplus Countries with Net Export
• Cost Breakdown of Tin Plate
o Direct Cost
o Indirect Costs
o Tax and Regulatory Costs
o Profit Margin
• Latest Industry News
o Recent Developments
o Geopolitical Events
o Insights From Government Data and Industries Bodies
• Key Macroeconomic Indicators
o GDP Growth
o Inflation Rates
o Currency Exchange Rates
o Impact on Commodity Prices

How Claight Corporation (Expert Market Research) Database Can Help

The latest report by Expert Market Research, "Tomato Paste Prices, Trends, Charts, Demand, and Market Analysis - 2025 Edition," offers a comprehensive overview of the global pricing landscape for tomato paste. Designed for industry stakeholders, the study provides detailed historical and forecast price data, highlighting key market shifts and emerging pricing trends.

Drawing from in-depth research, the report analyses the primary factors influencing tomato paste prices, including fluctuations in raw material availability, changes in production capacity, and macroeconomic or geopolitical developments. Additionally, the report evaluates global and regional demand patterns, outlining how shifts in end-use industries such as construction, paper, and plastics are impacting market dynamics. By examining the supply-demand balance, Expert Market Research's report helps businesses understand the underlying forces shaping current and future pricing environments, offering valuable insights to guide procurement, pricing strategy, and investment planning.

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