Onion Price in Greece - 2024
Contents:
- Onion Price in Greece (CIF) - 2024
- Onion Price in Greece (FOB) - 2022
- Onion Imports in Greece
- Onion Exports in Greece
Onion Price in Greece (CIF) - 2024
In March 2024, the average onion import price amounted to $617 per ton, declining by -17% against the previous month. Over the period from March 2023 to March 2024, it increased at an average monthly rate of +2.1%. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 26% against the previous month. The import price peaked at $744 per ton in February 2024, and then contracted notably 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 Spain ($2,219 per ton), while the price for Ukraine ($372 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 Egypt (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Price in Greece (FOB) - 2022
The average onion export price stood at $424 per ton in 2022, rising by 34% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average export price increased by 41%. The export price peaked at $491 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($882 per ton), while the average price for exports to Bulgaria ($263 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 Poland (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Imports in Greece
For the third year in a row, Greece recorded decline in purchases abroad of onions (dry), which decreased by -15.3% to 9.4K tons in 2022. Overall, imports continue to indicate a dramatic shrinkage.
In value terms, onion imports shrank rapidly to $3.7M in 2022. Over the period under review, imports saw a sharp shrinkage.
| Import of Onion in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 2,301 | 1,343 | 1,211 | 1,719 | -9.3% |
| Netherlands | 855 | 2,074 | 1,026 | 688 | -7.0% |
| Germany | 1,683 | 751 | 261 | 357 | -40.4% |
| Spain | 474 | 362 | 140 | 222 | -22.3% |
| France | 517 | 594 | 151 | 182 | -29.4% |
| Bulgaria | 63.5 | 84.9 | 167 | 142 | 30.8% |
| Turkey | 386 | 6.8 | 224 | 136 | -29.4% |
| Egypt | 4,296 | 1,110 | 64.0 | 72.5 | -74.3% |
| India | 4,747 | 697 | 1,393 | N/A | -45.8% |
| Others | 663 | 459 | 171 | 197 | -33.3% |
| Total | 15,985 | 7,481 | 4,807 | 3,715 | -38.5% |
Top Suppliers of Onion to Greece in 2022:
- Austria (5.7K tons)
- Netherlands (1.1K tons)
- France (0.9K tons)
- Turkey (0.5K tons)
- Germany (0.3K tons)
- Spain (0.3K tons)
- Egypt (0.2K tons)
- Bulgaria (0.2K tons)
Onion Exports in Greece
Onion exports from Greece fell rapidly to 2.3K tons in 2022, reducing by -58.4% on 2021 figures. Overall, exports recorded a sharp setback. The growth pace was the most rapid in 2021 with an increase of 48%.
In value terms, onion exports declined markedly to $1M in 2022. In general, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by 33% against the previous year.
| Export of Onion in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 183 | 107 | 49.5 | 204 | 3.7% |
| United Kingdom | 409 | 161 | 187 | 176 | -24.5% |
| Romania | 441 | 315 | 713 | 168 | -27.5% |
| Germany | 404 | 95.0 | 136 | 161 | -26.4% |
| Hungary | 407 | 95.8 | 342 | 141 | -29.8% |
| Bulgaria | 609 | 95.7 | 86.0 | 127 | -40.7% |
| Albania | 166 | 205 | 13.9 | 7.2 | -64.9% |
| Poland | 532 | 12.9 | 3.9 | 0.1 | -94.3% |
| Others | 891 | 212 | 194 | 42.0 | -63.9% |
| Total | 4,042 | 1,300 | 1,725 | 1,026 | -36.7% |
Top Export Markets for Onion from Greece in 2022:
- Romania (592.6 tons)
- Bulgaria (481.4 tons)
- Cyprus (382.1 tons)
- Hungary (306.0 tons)
- United Kingdom (250.1 tons)
- Germany (182.9 tons)
- Albania (14.8 tons)
- Poland (0.1 tons)
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