Global vegetable trends on January 2024

Published Jan 10, 2024

Tridge summary

In 2023, global production of industrial tomatoes is estimated to be 44.6 million tonnes, with the USA and China being the top producing countries, and increased production in the Mediterranean basin. In Italy, there was a 5% increase in the surface area planted with industrial tomatoes, but extreme weather led to a decline in production yield. Prices have increased at all stages of the supply chain, and the outlook for the 2023/24 campaign includes a decline in international prices of semi-finished tomato products and a stabilization of retail purchases with an increase in demand from the catering channel.

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

Original content

Global and European context In 2023, world production of industrial tomatoes is estimated at approximately 44.6 million tonnes (WPTC), increasing by 16% on an annual basis and by 15% compared to the average figure for the three-year period 2020-2022. The increase in global production is mainly the result of the growth recorded by the top two producing countries: the USA and China. The countries of the Mediterranean basin are recording an increase in production mainly thanks to Turkey, Spain and Algeria. Italy's production is stable, confirming its third place among world producers.Production situation in ItalyThe surface area planted with industrial tomatoes in 2023 amounted to approximately 68,500 hectares with an increase of 5% compared to 2022, both in Northern Italy and in Central-South. Extreme climatic events and an unfavorable climate in general have led to a decline in production yield per hectare both compared to 2022 and compared to the average data of the last three ...

Source: ITIsmea