Onion Price in Colombia - 2024
Contents:
- Onion Price in Colombia (CIF) - 2024
- Onion Price in Colombia (FOB) - 2024
- Onion Imports in Colombia
- Onion Exports in Colombia
Onion Price in Colombia (CIF) - 2024
The average onion import price stood at $263 per ton in February 2024, with a decrease of -2.2% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 24% m-o-m. The import price peaked at $353 per ton in August 2023; however, from September 2023 to February 2024, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Peru.
From February 2023 to February 2024, the rate of growth in terms of prices for China amounted to +8.5% per month.
Onion Price in Colombia (FOB) - 2024
In February 2024, the average onion export price amounted to $4,642 per ton, declining by -30.2% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 78% month-to-month. The export price peaked at $6,652 per ton in January 2024, and then shrank rapidly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($7,621 per ton), while the average price for exports to Curacao ($931 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.
Onion Imports in Colombia
For the fourth consecutive year, Colombia recorded growth in purchases abroad of onions (dry), which increased by 60% to 77K tons in 2022. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, onion imports skyrocketed to $19M in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Onion in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 9.0 | 10.9 | 11.8 | 18.5 | 27.1% |
| Ecuador | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Others | 0.2 | 0.4 | N/A | 0.1 | -20.6% |
| Total | 9.3 | 11.3 | 11.9 | 18.8 | 26.4% |
Top Suppliers of Onion to Colombia in 2022:
- Peru (75.4K tons)
- Ecuador (1.5K tons)
Onion Exports in Colombia
In 2022, exports of onions (dry) from Colombia contracted to 110 tons, declining by -4.8% against the previous year. Over the period under review, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 98% against the previous year.
In value terms, onion exports skyrocketed to $382K in 2022. In general, exports, however, saw prominent growth. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Onion in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 28.7 | 139 | 142 | 233 | 101.0% |
| United States | 154 | 3.8 | 94.0 | 127 | -6.2% |
| Aruba | 30.3 | 18.1 | 7.3 | 21.6 | -10.7% |
| Maldives | 27.4 | N/A | N/A | N/A | 0% |
| Others | 1.0 | 0.9 | 4.6 | 0.5 | -20.6% |
| Total | 242 | 161 | 248 | 382 | 16.4% |
Top Export Markets for Onion from Colombia in 2022:
- United States (75.6 tons)
- Canada (20.3 tons)
- Aruba (13.7 tons)
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