Onion Price in Denmark - 2024
Contents:
- Onion Price in Denmark (CIF) - 2022
- Onion Price in Denmark (FOB) - 2024
- Onion Imports in Denmark
- Onion Exports in Denmark
Onion Price in Denmark (CIF) - 2022
The average onion import price stood at $1,612 per ton in 2022, reducing by -15.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2021 an increase of 24% against the previous year. As a result, import price attained the peak level of $1,906 per ton, and then dropped rapidly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,686 per ton), while the price for Egypt ($1,021 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 (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Price in Denmark (FOB) - 2024
The average onion export price stood at $1,059 per ton in March 2024, with an increase of 5.9% against the previous month. In general, export price indicated a pronounced increase from March 2023 to March 2024: its price increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2024 figures, onion export price decreased by -2.3% against January 2024 indices. The most prominent rate of growth was recorded in July 2023 an increase of 90% month-to-month. As a result, the export price attained the peak level of $1,563 per ton. From August 2023 to March 2024, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In March 2024, the highest price was recorded for prices to Iceland ($1,431 per ton) and Switzerland ($1,147 per ton), while the average price for exports to Norway ($989 per ton) and Greenland ($1,056 per ton) were amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Imports in Denmark
In 2022, approx. 6.6K tons of onions (dry) were imported into Denmark; shrinking by -10.7% compared with the previous year. Over the period under review, imports showed a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 9.9% against the previous year.
In value terms, onion imports reduced remarkably to $11M in 2022. In general, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, imports attained the peak of $14M, and then shrank markedly in the following year.
| Import of Onion in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.1 | 4.8 | 5.8 | 5.0 | -0.7% |
| Germany | 3.7 | 3.5 | 4.6 | 3.5 | -1.8% |
| Sweden | 0.5 | 0.3 | 0.5 | 0.7 | 11.9% |
| France | 0.5 | 0.5 | 0.6 | 0.6 | 6.3% |
| Italy | 0.3 | 0.3 | 0.5 | 0.3 | 0.0% |
| Egypt | 0.9 | 0.4 | 0.6 | 0.2 | -39.4% |
| Spain | 0.2 | 0.1 | 0.5 | 0.2 | 0.0% |
| Poland | 0.1 | 0.4 | 0.4 | N/A | 100.0% |
| Others | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 11.5 | 10.4 | 13.7 | 10.5 | -3.0% |
Top Suppliers of Onion to Denmark in 2022:
- Netherlands (3148.5 tons)
- Germany (2102.3 tons)
- Sweden (398.1 tons)
- France (364.6 tons)
- Egypt (225.3 tons)
- Italy (210.3 tons)
- Spain (142.6 tons)
- Poland (3.4 tons)
Onion Exports in Denmark
In 2022, the amount of onions (dry) exported from Denmark surged to 9.7K tons, increasing by 73% against 2021. Over the period under review, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, onion exports soared to $5.4M in 2022. In general, exports, however, showed a abrupt contraction.
| Export of Onion in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1,068 | 891 | 975 | 2,805 | 38.0% |
| Norway | 3,120 | 806 | 1,206 | 950 | -32.7% |
| Iceland | 365 | 460 | 455 | 403 | 3.4% |
| Poland | N/A | 29.6 | 22.9 | 261 | 196.9% |
| Greenland | 260 | 258 | 244 | 217 | -5.8% |
| Faroe Islands | 231 | 224 | 211 | 216 | -2.2% |
| Switzerland | 269 | 46.7 | 136 | 156 | -16.6% |
| Germany | 947 | 21.5 | 60.7 | 70.4 | -58.0% |
| Latvia | 23.2 | 96.4 | 43.2 | 26.1 | 4.0% |
| Others | 94.3 | 192 | 104 | 292 | 45.8% |
| Total | 6,378 | 3,025 | 3,457 | 5,396 | -5.4% |
Top Export Markets for Onion from Denmark in 2022:
- Sweden (5363.5 tons)
- Norway (1430.4 tons)
- Poland (1238.3 tons)
- Switzerland (345.8 tons)
- Iceland (324.5 tons)
- Greenland (309.3 tons)
- Faroe Islands (223.6 tons)
- Germany (174.4 tons)
- Latvia (122.5 tons)
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