Onion Price in Argentina - 2024
Contents:
- Onion Price in Argentina (FOB) - 2022
- Onion Price in Argentina (CIF) - 2022
- Onion Exports in Argentina
- Onion Imports in Argentina
Onion Price in Argentina (FOB) - 2022
In 2022, the average onion export price amounted to $176 per ton, surging by 8.2% against the previous year. Overall, the export price, however, recorded a abrupt setback. The growth pace was the most rapid in 2018 when the average export price increased by 33% against the previous year. The export price peaked at $398 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($191 per ton), while the average price for exports to Paraguay amounted to $133 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (-3.2%).
Onion Price in Argentina (CIF) - 2022
The average onion import price stood at $782 per ton in 2022, with an increase of 88% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 91%. Over the period under review, average import prices hit record highs at $796 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +6.7% per year.
Onion Exports in Argentina
In 2022, onion exports from Argentina was estimated at 143K tons, almost unchanged from the year before. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 14%. As a result, the exports attained the peak of 191K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, onion exports rose sharply to $25M in 2022. In general, exports, however, recorded a drastic downturn.
| Export of Onion in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 29.5 | 26.1 | 19.1 | 20.0 | -12.2% |
| Paraguay | 1.1 | 1.9 | 3.7 | 5.0 | 65.7% |
| Others | N/A | 0.6 | 0.3 | 0.3 | -29.3% |
| Total | 30.7 | 28.6 | 23.1 | 25.2 | -6.4% |
Top Export Markets for Onion from Argentina in 2022:
- Brazil (104.7K tons)
- Paraguay (37.2K tons)
Onion Imports in Argentina
Onion imports into Argentina skyrocketed to 14K tons in 2022, picking up by 220% on the previous year's figure. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 478%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, onion imports surged to $11M in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 619%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Onion in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 0.5 | 5.3 | 1.7 | 10.8 | 178.5% |
| Spain | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 0.8 | 5.4 | 1.8 | 10.8 | 138.1% |
Top Suppliers of Onion to Argentina in 2022:
- Brazil (13.9K tons)
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