Onion Price in Estonia - 2024
Contents:
- Onion Price in Estonia (CIF) - 2024
- Onion Price in Estonia (FOB) - 2022
- Onion Imports in Estonia
- Onion Exports in Estonia
Onion Price in Estonia (CIF) - 2024
The average onion import price stood at $657 per ton in March 2024, growing by 21% against the previous month. Overall, the import price, however, saw a perceptible curtailment. The growth pace was the most rapid in January 2024 an increase of 23% against the previous month. The import price peaked at $940 per ton in March 2023; however, from April 2023 to March 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($1,139 per ton), while the price for Kazakhstan ($391 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Poland (+2.2%), while the prices for the other major suppliers experienced a decline.
Onion Price in Estonia (FOB) - 2022
The average onion export price stood at $1,643 per ton in 2022, with an increase of 17% against the previous year. Overall, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 41%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($2,224 per ton), while the average price for exports to Lithuania ($966 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 Germany (+329.3%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Imports in Estonia
In 2022, imports of onions (dry) into Estonia contracted slightly to 8.9K tons, dropping by -3.2% compared with 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. As a result, imports reached the peak of 9.2K tons, and then fell in the following year.
In value terms, onion imports rose notably to $3.7M in 2022. In general, imports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 19%.
| Import of Onion in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 268 | 876 | 1,123 | 1,417 | 74.2% |
| Poland | 305 | 546 | 770 | 805 | 38.2% |
| Netherlands | 1,281 | 539 | 640 | 659 | -19.9% |
| Lithuania | 777 | 126 | 179 | 192 | -37.2% |
| Finland | 96.1 | 184 | 193 | 159 | 18.3% |
| Spain | 102 | 126 | 111 | 152 | 14.2% |
| Denmark | 30.0 | 52.0 | 5.6 | 145 | 69.1% |
| Kazakhstan | 129 | 17.2 | 11.0 | 76.9 | -15.8% |
| Russia | 137 | 49.0 | 7.8 | 23.6 | -44.4% |
| Uzbekistan | 358 | 36.3 | 73.4 | 4.0 | -77.6% |
| Ukraine | 200 | 121 | 79.8 | N/A | -36.8% |
| Others | 351 | 46.1 | 35.2 | 46.7 | -48.9% |
| Total | 4,035 | 2,719 | 3,229 | 3,680 | -3.0% |
Top Suppliers of Onion to Estonia in 2022:
- Latvia (3288.3 tons)
- Poland (2539.1 tons)
- Netherlands (1266.1 tons)
- Lithuania (475.2 tons)
- Denmark (387.0 tons)
- Spain (311.7 tons)
- Finland (256.8 tons)
- Kazakhstan (218.0 tons)
- Russia (105.0 tons)
- Uzbekistan (8.0 tons)
Onion Exports in Estonia
For the third year in a row, Estonia recorded decline in overseas shipments of onions (dry), which decreased by -9.6% to 116 tons in 2022. Over the period under review, exports recorded a significant curtailment.
In value terms, onion exports expanded remarkably to $190K in 2022. Overall, exports saw a abrupt setback.
| Export of Onion in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 163 | 125 | 131 | 107 | -13.1% |
| Finland | 58.8 | 18.9 | 21.6 | 40.5 | -11.7% |
| Germany | N/A | N/A | 0.2 | 27.1 | 13450.0% |
| Norway | 7.7 | 6.5 | 5.5 | 6.0 | -8.0% |
| Lithuania | 67.6 | 62.5 | 17.8 | 2.3 | -67.6% |
| Others | 2.1 | 2.6 | 4.3 | 7.0 | 49.4% |
| Total | 299 | 215 | 180 | 190 | -14.0% |
Top Export Markets for Onion from Estonia in 2022:
- Latvia (67.0 tons)
- Finland (27.0 tons)
- Germany (12.2 tons)
- Norway (5.1 tons)
- Lithuania (2.4 tons)
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