Onion Price in Finland - 2024
Contents:
- Onion Price in Finland (CIF) - 2024
- Onion Price in Finland (FOB) - 2022
- Onion Imports in Finland
- Onion Exports in Finland
Onion Price in Finland (CIF) - 2024
In January 2024, the average onion import price amounted to $683 per ton, flattening at the previous month. In general, the import price, however, continues to indicate a pronounced setback. The pace of growth was the most pronounced in April 2023 when the average import price increased by 16% against the previous month. As a result, import price reached the peak level of $1,293 per ton. From May 2023 to January 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Sweden ($1,939 per ton), while the price for the Netherlands ($624 per ton) was amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Sweden (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Onion Price in Finland (FOB) - 2022
In 2022, the average onion export price amounted to $435 per ton, falling by -66.2% against the previous year. In general, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 1,590% against the previous year. As a result, the export price reached the peak level of $38,843 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($1,942 per ton), while the average price for exports to Sweden amounted to $1,302 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Imports in Finland
Onion imports into Finland skyrocketed to 26K tons in 2022, picking up by 83% on 2021 figures. Over the period under review, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, onion imports skyrocketed to $15M in 2022. In general, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Onion in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 8.3 | 5.2 | 5.9 | 12.8 | 15.5% |
| Poland | N/A | N/A | 0.4 | 0.7 | 75.0% |
| Spain | 0.9 | 0.1 | 0.5 | 0.4 | -23.7% |
| Germany | 1.3 | 2.0 | 1.6 | 0.3 | -38.7% |
| Others | 2.2 | 0.4 | 0.5 | 0.6 | -35.2% |
| Total | 12.7 | 7.7 | 9.0 | 14.8 | 5.2% |
Top Suppliers of Onion to Finland in 2022:
- Netherlands (23.8K tons)
- Poland (1.0K tons)
- Germany (0.5K tons)
- Spain (0.3K tons)
Onion Exports in Finland
Onion exports from Finland skyrocketed to 112 tons in 2022, increasing by 274% against the previous year. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 295% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, onion exports soared to $160K in 2022. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Onion in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 0.3 | 0.1 | 0.1 | 119 | 634.8% |
| Estonia | 65.5 | 86.5 | 36.0 | 41.2 | -14.3% |
| Latvia | N/A | 20.4 | 2.6 | N/A | -87.3% |
| Others | 13.7 | N/A | 0.1 | N/A | -91.5% |
| Total | 79.5 | 107 | 38.8 | 160 | 26.3% |
Top Export Markets for Onion from Finland in 2022:
- Sweden (91.2 tons)
- Estonia (21.2 tons)
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