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.

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.