Onion Price in Belgium - 2024
Contents:
- Onion Price in Belgium (CIF) - 2022
- Onion Price in Belgium (FOB) - 2022
- Onion Imports in Belgium
- Onion Exports in Belgium
Onion Price in Belgium (CIF) - 2022
In 2022, the average onion import price amounted to $681 per ton, reducing by -3.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2013 an increase of 31%. The import price peaked at $719 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,317 per ton), while the price for Poland ($524 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Price in Belgium (FOB) - 2022
In 2022, the average onion export price amounted to $543 per ton, which is down by -7.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 22%. The export price peaked at $613 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($878 per ton), while the average price for exports to Senegal ($382 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 Netherlands (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Imports in Belgium
In 2022, overseas purchases of onions (dry) decreased by -0.9% to 116K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. As a result, imports reached the peak of 132K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, onion imports reduced modestly to $79M in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 4% against the previous year. As a result, imports reached the peak of $82M, and then fell slightly in the following year.
| Import of Onion in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 49.5 | 43.3 | 45.5 | 47.7 | -1.2% |
| France | 13.0 | 11.8 | 14.6 | 9.1 | -11.2% |
| Poland | 6.1 | 7.5 | 5.1 | 7.4 | 6.7% |
| Spain | 7.3 | 6.4 | 4.8 | 5.9 | -6.9% |
| New Zealand | 0.1 | 3.1 | 2.9 | 3.0 | 210.7% |
| Others | 3.3 | 6.9 | 9.3 | 5.7 | 20.0% |
| Total | 79.3 | 79.1 | 82.2 | 78.9 | -0.2% |
Top Suppliers of Onion to Belgium in 2022:
- Netherlands (74.8K tons)
- Poland (14.2K tons)
- Spain (9.5K tons)
- France (8.8K tons)
- New Zealand (4.2K tons)
Onion Exports in Belgium
Onion exports from Belgium skyrocketed to 55K tons in 2022, rising by 40% against the previous year. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 69%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, onion exports soared to $30M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 53%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Onion in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.7 | 8.3 | 8.6 | 8.9 | 9.9% |
| Netherlands | 3.9 | 5.9 | 4.3 | 8.1 | 27.6% |
| Cote d'Ivoire | 0.1 | 1.4 | 0.8 | 7.4 | 319.8% |
| Luxembourg | 3.2 | 3.0 | 2.8 | 2.6 | -6.7% |
| Germany | 0.1 | 0.9 | 3.6 | 0.8 | 100.0% |
| Senegal | 0.2 | 1.6 | N/A | 0.2 | 0.0% |
| Democratic Republic of the Congo | 0.1 | 0.6 | 0.2 | 0.1 | 0.0% |
| Others | 2.3 | 3.8 | 1.9 | 1.9 | -6.2% |
| Total | 16.7 | 25.4 | 22.1 | 30.1 | 21.7% |
Top Export Markets for Onion from Belgium in 2022:
- France (19.7K tons)
- Cote d'Ivoire (14.7K tons)
- Netherlands (13.7K tons)
- Luxembourg (2.9K tons)
- Germany (1.1K tons)
- Senegal (0.7K tons)
- Democratic Republic of the Congo (0.3K tons)
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