Onion Price in Egypt - 2024
Contents:
- Onion Price in Egypt (FOB) - 2022
- Onion Price in Egypt (CIF) - 2022
- Onion Exports in Egypt
- Onion Imports in Egypt
Onion Price in Egypt (FOB) - 2022
In 2022, the average onion export price amounted to $589 per ton, growing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2013 when the average export price increased by 18%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Oman ($589 per ton) and the Netherlands ($589 per ton), while the average price for exports to Kuwait ($589 per ton) and Pakistan ($589 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Price in Egypt (CIF) - 2022
In 2022, the average onion import price amounted to $703 per ton, approximately equating the previous year. Over the period under review, the import price enjoyed a slight expansion. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($705 per ton), while the price for the United States ($703 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.7%).
Onion Exports in Egypt
In 2022, overseas shipments of onions (dry) increased by 46% to 381K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a abrupt slump.
In value terms, onion exports surged to $224M in 2022. Overall, exports, however, saw a noticeable reduction.
| Export of Onion in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 33.6 | 37.7 | 40.1 | 63.3 | 23.5% |
| United Kingdom | 27.3 | 32.4 | 30.7 | 29.3 | 2.4% |
| Pakistan | N/A | N/A | N/A | 23.8 | 0% |
| Netherlands | 39.4 | 15.9 | 18.3 | 22.1 | -17.5% |
| United Arab Emirates | 13.1 | 3.5 | 1.9 | 15.9 | 6.7% |
| Russia | 24.5 | 25.2 | 7.8 | 11.8 | -21.6% |
| Germany | 4.4 | 9.7 | 11.7 | 10.3 | 32.8% |
| Kuwait | 2.8 | 5.1 | 3.3 | 6.4 | 31.7% |
| Oman | 7.5 | 2.8 | 1.7 | 6.2 | -6.1% |
| Syrian Arab Republic | 0.4 | 4.1 | N/A | 4.5 | 124.1% |
| Italy | 9.4 | 2.8 | 5.4 | 2.6 | -34.8% |
| Turkey | 21.3 | 2.0 | 0.1 | 0.6 | -69.6% |
| Bangladesh | 5.0 | 10.8 | 0.3 | N/A | -75.5% |
| Others | 53.5 | 28.0 | 17.0 | 27.3 | -20.1% |
| Total | 242 | 180 | 138 | 224 | -2.5% |
Top Export Markets for Onion from Egypt in 2022:
- Saudi Arabia (107.6K tons)
- United Kingdom (49.7K tons)
- Pakistan (40.4K tons)
- Netherlands (37.5K tons)
- United Arab Emirates (27.1K tons)
- Russia (20.1K tons)
- Germany (17.5K tons)
- Kuwait (10.9K tons)
- Oman (10.6K tons)
- Syrian Arab Republic (7.7K tons)
- Italy (4.3K tons)
- Turkey (1.0K tons)
Onion Imports in Egypt
For the third consecutive year, Egypt recorded decline in overseas purchases of onions (dry), which decreased by 0% to 474 tons in 2022. Over the period under review, imports saw significant growth. The smallest decline of -73% was in 2020. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, onion imports stood at $333K in 2022. In general, imports showed a significant expansion. The smallest decline of -74.2% was in 2020. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Onion in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 0.8 | 0% |
| Singapore | N/A | N/A | N/A | 0.1 | 0% |
| United States | N/A | N/A | N/A | N/A | 0% |
| Saudi Arabia | 9.2 | N/A | N/A | N/A | 0% |
| Others | 93.6 | 26.5 | N/A | 332 | 52.5% |
| Total | 103 | 26.5 | N/A | 333 | 47.9% |
Top Suppliers of Onion to Egypt in 2022:
- India (1.2 tons)
- Singapore (0.1 tons)
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