Onion Price in Lithuania - 2024
Contents:
- Onion Price in Lithuania (CIF) - 2024
- Onion Price in Lithuania (FOB) - 2024
- Onion Imports in Lithuania
- Onion Exports in Lithuania
Onion Price in Lithuania (CIF) - 2024
The average onion import price stood at $1,008 per ton in March 2024, with an increase of 29% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2024 an increase of 46% month-to-month. Over the period under review, average import prices reached the maximum at $1,030 per ton in March 2023; afterwards, it flattened through to March 2024.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was the Netherlands ($1,234 per ton), while the price for Kazakhstan ($248 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 Kyrgyzstan (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Price in Lithuania (FOB) - 2024
In March 2024, the average onion export price amounted to $592 per ton, stabilizing at the previous month. In general, the export price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 70% m-o-m. As a result, the export price attained the peak level of $1,298 per ton. From May 2023 to March 2024, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In March 2024, the country with the highest price was Estonia ($3,195 per ton), while the average price for exports to Belgium ($431 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 Estonia (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.
Onion Imports in Lithuania
Onion imports into Lithuania declined slightly to 9.4K tons in 2022, shrinking by -2% against the year before. Over the period under review, imports continue to indicate a abrupt decrease.
In value terms, onion imports contracted to $5.3M in 2022. In general, imports continue to indicate a deep slump.
| Import of Onion in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.9 | 3.9 | 3.3 | 2.9 | -9.4% |
| Poland | 1.9 | 1.0 | 1.1 | 1.2 | -14.2% |
| Latvia | 1.1 | 0.8 | 0.6 | 0.8 | -10.1% |
| Germany | 0.2 | 0.3 | 0.3 | 0.2 | 0.0% |
| Kazakhstan | 0.2 | N/A | N/A | N/A | 0% |
| Uzbekistan | 0.5 | N/A | N/A | N/A | 0% |
| Others | 1.3 | 0.5 | 0.3 | 0.2 | -46.4% |
| Total | 9.0 | 6.4 | 5.7 | 5.3 | -16.2% |
Top Suppliers of Onion to Lithuania in 2022:
- Netherlands (4.9K tons)
- Poland (2.8K tons)
- Latvia (1.1K tons)
- Germany (0.2K tons)
Onion Exports in Lithuania
In 2022, overseas shipments of onions (dry) decreased by -28.8% to 4K tons, falling for the second year in a row after two years of growth. In general, exports recorded a pronounced decrease. The pace of growth was the most pronounced in 2020 with an increase of 55% against the previous year. As a result, the exports reached the peak of 7.1K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, onion exports dropped to $1.8M in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. As a result, the exports reached the peak of $3M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Onion in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 1,098 | 1,158 | 1,025 | 818 | -9.3% |
| Ukraine | N/A | N/A | N/A | 533 | 0% |
| Russia | 213 | 213 | 235 | 197 | -2.6% |
| Spain | 36.1 | 46.9 | 30.3 | 23.7 | -13.1% |
| Belarus | 775 | 1,416 | 597 | 22.1 | -69.4% |
| Poland | 114 | 10.0 | 9.0 | 17.5 | -46.5% |
| Estonia | 206 | 105 | 66.9 | 10.6 | -62.8% |
| Others | 61.2 | 6.5 | 30.7 | 208 | 50.4% |
| Total | 2,504 | 2,956 | 1,993 | 1,831 | -9.9% |
Top Export Markets for Onion from Lithuania in 2022:
- Latvia (1995.2 tons)
- Ukraine (1476.2 tons)
- Russia (261.2 tons)
- Spain (53.3 tons)
- Poland (35.3 tons)
- Belarus (24.2 tons)
- Estonia (21.5 tons)
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