Onion Price in Austria - 2024
Contents:
- Onion Price in Austria (FOB) - 2022
- Onion Price in Austria (CIF) - 2024
- Onion Exports in Austria
- Onion Imports in Austria
Onion Price in Austria (FOB) - 2022
The average onion export price stood at $351 per ton in 2022, jumping by 16% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% 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 increased by +19.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 85%. The export price peaked at $499 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($556 per ton), while the average price for exports to Greece ($267 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Price in Austria (CIF) - 2024
The average onion import price stood at $982 per ton in March 2024, with an increase of 17% against the previous month. Over the period under review, the import price, however, showed a pronounced descent. The growth pace was the most rapid in November 2023 when the average import price increased by 23% against the previous month. The import price peaked at $2,002 per ton in April 2023; however, from May 2023 to March 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Egypt ($1,547 per ton), while the price for Turkey stood at $837 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Turkey (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Exports in Austria
In 2022, the amount of onions (dry) exported from Austria was estimated at 76K tons, approximately equating 2021 figures. The total export volume increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 19% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, onion exports surged to $27M in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Onion in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 5.8 | 4.3 | 5.0 | 4.5 | -8.1% |
| Romania | 2.3 | 3.0 | 3.1 | 4.4 | 24.1% |
| Croatia | 1.9 | 1.2 | 1.6 | 2.7 | 12.4% |
| Italy | 2.0 | 1.6 | 2.0 | 2.6 | 9.1% |
| Slovakia | 1.3 | 0.9 | 2.3 | 2.4 | 22.7% |
| Slovenia | 3.7 | 2.9 | 2.3 | 2.0 | -18.5% |
| Czech Republic | 1.7 | 1.3 | 1.6 | 1.9 | 3.8% |
| Germany | 2.1 | 1.3 | 1.6 | 1.9 | -3.3% |
| Greece | 2.6 | 1.6 | 1.9 | 1.4 | -18.6% |
| Poland | 1.0 | 0.7 | 0.4 | 1.3 | 9.1% |
| Others | 1.0 | 0.6 | 1.3 | 1.8 | 21.6% |
| Total | 25.3 | 19.3 | 23.1 | 26.8 | 1.9% |
Top Export Markets for Onion from Austria in 2022:
- Romania (14.1K tons)
- Hungary (11.2K tons)
- Croatia (8.3K tons)
- Slovakia (7.8K tons)
- Italy (7.3K tons)
- Czech Republic (5.8K tons)
- Greece (5.2K tons)
- Slovenia (4.8K tons)
- Poland (3.6K tons)
- Germany (3.4K tons)
Onion Imports in Austria
In 2022, onion imports into Austria declined remarkably to 9.2K tons, with a decrease of -29.3% on 2021. Overall, imports showed a deep setback. The growth pace was the most rapid in 2021 when imports increased by less than 0.1%.
In value terms, onion imports fell markedly to $11M in 2022. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year.
| Import of Onion in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.3 | 3.5 | 4.2 | 3.5 | 2.0% |
| Germany | 2.6 | 3.6 | 2.6 | 3.4 | 9.4% |
| Netherlands | 3.6 | 3.1 | 4.1 | 2.2 | -15.1% |
| Spain | 1.4 | 0.5 | 0.8 | 0.5 | -29.1% |
| Belgium | N/A | 0.3 | 0.2 | 0.4 | 15.5% |
| Turkey | 0.5 | 0.1 | 0.7 | 0.3 | -15.7% |
| Slovakia | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Egypt | 2.6 | 0.2 | 0.1 | 0.1 | -66.2% |
| Slovenia | 0.3 | 0.4 | 0.2 | N/A | -18.4% |
| Others | 2.5 | 0.7 | 0.7 | 0.5 | -41.5% |
| Total | 16.9 | 12.5 | 13.8 | 11.0 | -13.3% |
Top Suppliers of Onion to Austria in 2022:
- Germany (2957.1 tons)
- Netherlands (2169.5 tons)
- Italy (2150.8 tons)
- Turkey (547.6 tons)
- Spain (537.8 tons)
- Belgium (346.0 tons)
- Slovakia (207.7 tons)
- Egypt (93.3 tons)
- Slovenia (0.2 tons)
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