Onion Price in Angola - 2022
Contents:
- Onion Price in Angola (CIF) - 2022
- Onion Price in Angola (FOB) - 2022
- Onion Imports in Angola
- Onion Exports in Angola
Onion Price in Angola (CIF) - 2022
The average onion import price stood at $300 per ton in 2022, with a decrease of -36.6% against the previous year. Overall, the import price saw a deep slump. The pace of growth was the most pronounced in 2021 when the average import price increased by 22% against the previous year. The import price peaked at $657 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($549 per ton) and Congo ($532 per ton), while the price for Namibia ($438 per ton) and South Africa ($490 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-0.1%), while the prices for the other major suppliers experienced a decline.
Onion Price in Angola (FOB) - 2022
In 2022, the average onion export price amounted to $495 per ton, surging by 4.4% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, onion export price decreased by -17.9% against 2016 indices. The growth pace was the most rapid in 2016 when the average export price increased by 69%. As a result, the export price attained the peak level of $603 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.
From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to +5.1% per year.
Onion Imports in Angola
In 2022, overseas purchases of onions (dry) were finally on the rise to reach 12K tons after two years of decline. In general, imports, however, showed a deep slump.
In value terms, onion imports skyrocketed to $5.1M in 2022. Overall, imports, however, continue to indicate a abrupt decrease.
| Import of Onion in Angola (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 0.8 | 3.0 | 2.7 | 4.0 | 71.0% |
| South Africa | 6.0 | 0.9 | 0.2 | 0.8 | -48.9% |
| Congo | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Netherlands | 0.1 | 0.2 | N/A | N/A | 100.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 7.1 | 4.2 | 3.2 | 5.1 | -10.4% |
Top Suppliers of Onion to Angola in 2022:
- Namibia (9.2K tons)
- South Africa (1.6K tons)
- Congo (0.3K tons)
Onion Exports in Angola
In 2022, shipments abroad of onions (dry) decreased by -37.8% to 858 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 125%. As a result, the exports attained the peak of 1.4K tons, and then fell sharply in the following year.
In value terms, onion exports dropped notably to $425K in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 107% against the previous year. As a result, the exports attained the peak of $654K, and then dropped rapidly in the following year.
| Export of Onion in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 235 | 313 | 643 | 422 | 21.5% |
| Others | 0.6 | 2.0 | 10.8 | 2.8 | 67.1% |
| Total | 235 | 315 | 654 | 425 | 21.8% |
Top Export Markets for Onion from Angola in 2022:
- Democratic Republic of the Congo (856.7 tons)
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