Onion Price in France - 2024
Contents:
- Onion Price in France (FOB) - 2024
- Onion Price in France (CIF) - 2024
- Onion Exports in France
- Onion Imports in France
Onion Price in France (FOB) - 2024
In March 2024, the average onion export price amounted to $1,336 per ton, which is down by -9.1% against the previous month. In general, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 120% m-o-m. Over the period under review, the average export prices hit record highs at $1,629 per ton in June 2023; however, from July 2023 to March 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($2,073 per ton), while the average price for exports to the UK ($1,145 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Price in France (CIF) - 2024
In March 2024, the average onion import price amounted to $1,196 per ton, declining by -2.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The pace of growth appeared the most rapid in February 2024 when the average import price increased by 14% month-to-month. As a result, import price reached the peak level of $1,229 per ton, and then reduced slightly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was India ($4,069 per ton), while the price for Madagascar ($548 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 India (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Exports in France
In 2022, onion exports from France surged to 148K tons, with an increase of 41% against the previous year's figure. The total export volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, onion exports declined rapidly to $88M in 2022. Overall, exports, however, continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2021 when exports increased by 14% against the previous year. As a result, the exports reached the peak of $104M, and then declined remarkably in the following year.
| Export of Onion in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 21.1 | 18.5 | 16.1 | 21.0 | -0.2% |
| Germany | 19.5 | 21.0 | 28.5 | 17.4 | -3.7% |
| Belgium | 12.4 | 11.4 | 13.9 | 9.5 | -8.5% |
| Italy | 12.7 | 10.8 | 9.3 | 8.1 | -13.9% |
| Spain | 5.6 | 5.3 | 6.8 | 5.8 | 1.2% |
| Portugal | 2.8 | 1.9 | 3.1 | 4.3 | 15.4% |
| United Kingdom | 3.9 | 2.4 | 4.4 | 3.3 | -5.4% |
| Switzerland | 3.4 | 3.3 | 4.0 | 3.3 | -1.0% |
| Others | 15.2 | 16.1 | 17.3 | 15.2 | 0.0% |
| Total | 96.6 | 90.7 | 104 | 88.0 | -3.1% |
Top Export Markets for Onion from France in 2022:
- Netherlands (61.6K tons)
- Portugal (16.9K tons)
- Italy (15.2K tons)
- Spain (13.7K tons)
- Belgium (9.8K tons)
- Germany (9.7K tons)
- United Kingdom (3.2K tons)
- Switzerland (2.7K tons)
Onion Imports in France
In 2022, approx. 116K tons of onions (dry) were imported into France; declining by -12.5% against 2021 figures. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 0.3%.
In value terms, onion imports shrank to $82M in 2022. Over the period under review, imports saw a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 4.2% against the previous year.
| Import of Onion in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 36.5 | 24.5 | 26.2 | 20.7 | -17.2% |
| Netherlands | 21.9 | 17.9 | 18.4 | 19.7 | -3.5% |
| Italy | 9.9 | 10.9 | 11.8 | 9.7 | -0.7% |
| Poland | 9.3 | 9.6 | 6.2 | 7.8 | -5.7% |
| Belgium | 5.3 | 7.4 | 8.0 | 7.7 | 13.3% |
| India | 2.7 | 2.8 | 4.1 | 4.7 | 20.3% |
| New Zealand | 11.0 | 3.7 | 4.6 | 3.3 | -33.1% |
| Madagascar | 1.1 | 1.0 | 1.5 | 1.3 | 5.7% |
| Australia | 3.8 | 2.0 | 2.0 | 1.3 | -30.1% |
| Others | 6.7 | 5.8 | 6.2 | 6.1 | -3.1% |
| Total | 108 | 85.6 | 89.2 | 82.4 | -8.6% |
Top Suppliers of Onion to France in 2022:
- Netherlands (33.8K tons)
- Spain (24.3K tons)
- Belgium (17.7K tons)
- Poland (10.1K tons)
- Italy (8.9K tons)
- India (6.5K tons)
- New Zealand (4.6K tons)
- Madagascar (3.1K tons)
- Australia (1.7K tons)
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