World: Focus on canned tomatoes in December 2022

Published 2022년 12월 21일

Tridge summary

In 2022, global industrial tomato production decreased by 5% to 37.3 million tonnes, with the USA, Italy, and Spain experiencing declines, while China saw a 29% increase. Italy faced challenges like water scarcity, high energy and fertilizer costs, and competition from other crops, resulting in an 8.4% drop in invested areas and a 9.7% decrease in production. Despite these challenges, the harvest was 2.4% higher than the average of the previous three years. Retail prices of canned tomatoes have surged due to increased costs throughout the supply chain. Italian tomato trade surpassed 2 billion euros for the first time, and the 2021/22 marketing year saw a slight increase in spending despite a decrease in purchases. The 2022/23 campaign is expected to focus on reducing sales, increasing spending, and raising retail prices, potentially benefiting from strong inflation and favoring the sale of tomato preserves in European countries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Global and European contextIn 2022, world production of industrial tomatoes is estimated at 37.3 million tonnes (WPTC), down 5% year over year. Production contractions weigh on this result recorded by the USA, Italy and Spain while China recorded a 29% increase in the harvest compared to 2021. Production situation in Italy The scarce availability of water, the increase in the prices of energy products and fertilizers and the competition from alternative crops to tomatoes are among the main elements that have penalized investments in Italy. On an annual basis, the areas invested fell by 8.4% and production by 9.7%. However, the 2022 harvest is confirmed to be 2.4% higher than the figure average of the previous three-year period. Price trend In recent months, there has been an acceleration of the dynamics of price increases in all phases of the supply chain and this has led to a significant increase in the retail prices of canned tomato. Foreign trade The 2021/22 commercial ...

Source: ITIsmea