Onion Price in Brazil - 2024
Contents:
- Onion Price in Brazil (CIF) - 2022
- Onion Price in Brazil (FOB) - 2024
- Onion Imports in Brazil
- Onion Exports in Brazil
Onion Price in Brazil (CIF) - 2022
The average onion import price stood at $336 per ton in 2022, surging by 20% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 45%. As a result, import price reached the peak level of $485 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($616 per ton), while the price for Argentina ($255 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Price in Brazil (FOB) - 2024
In May 2024, the average onion export price amounted to $2,093 per ton, increasing by 10% against the previous month. In general, the export price recorded a strong expansion. The pace of growth appeared the most rapid in February 2024 an increase of 386% month-to-month. The export price peaked in May 2024.
There were significant differences in the average prices for the major external markets. In May 2024, the country with the highest price was Bahamas ($2,461 per ton), while the average price for exports to Norway ($1,524 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Imports in Brazil
In 2022, purchases abroad of onions (dry) was finally on the rise to reach 151K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt contraction.
In value terms, onion imports surged to $51M in 2022. In general, imports, however, saw a abrupt curtailment.
| Import of Onion in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 39.3 | 33.7 | 24.3 | 26.7 | -12.1% |
| Chile | 6.9 | 10.5 | 3.5 | 12.3 | 21.3% |
| Netherlands | 11.0 | 5.4 | 3.6 | 6.0 | -18.3% |
| Spain | 7.2 | 2.3 | 1.3 | 5.4 | -9.1% |
| Others | 0.4 | 0.3 | 0.2 | 0.2 | -20.6% |
| Total | 64.8 | 52.2 | 32.9 | 50.6 | -7.9% |
Top Suppliers of Onion to Brazil in 2022:
- Argentina (104.7K tons)
- Chile (25.1K tons)
- Netherlands (11.6K tons)
- Spain (8.8K tons)
Onion Exports in Brazil
In 2022, onion exports from Brazil soared to 25K tons, growing by 283% against the previous year. Overall, exports showed a significant increase.
In value terms, onion exports skyrocketed to $12M in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Onion in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 0.5 | 4.7 | 1.3 | 9.6 | 167.8% |
| Uruguay | 0.2 | 0.5 | N/A | 1.0 | 71.0% |
| Paraguay | 0.9 | 1.5 | 0.3 | 0.8 | -3.9% |
| Others | 0.5 | 0.5 | 0.4 | 0.6 | 6.3% |
| Total | 2.0 | 7.2 | 2.0 | 12.1 | 82.2% |
Top Export Markets for Onion from Brazil in 2022:
- Argentina (18.5K tons)
- Paraguay (4.6K tons)
- Uruguay (1.7K tons)
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