Onion Price in Luxembourg - 2024
Contents:
- Onion Price in Luxembourg (CIF) - 2023
- Onion Price in Luxembourg (FOB) - 2022
- Onion Imports in Luxembourg
- Onion Exports in Luxembourg
Onion Price in Luxembourg (CIF) - 2023
In December 2023, the average onion import price amounted to $1,971 per ton, dropping by -1.6% against the previous month. Over the period under review, import price indicated slight growth from December 2022 to December 2023: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, onion import price decreased by -7.9% against October 2023 indices. The pace of growth was the most pronounced in April 2023 when the average import price increased by 37% month-to-month. Over the period under review, average import prices hit record highs at $2,141 per ton in October 2023; however, from November 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($3,603 per ton), while the price for Spain ($864 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Portugal (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Price in Luxembourg (FOB) - 2022
The average onion export price stood at $1,484 per ton in 2022, declining by -11.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2021 an increase of 23%. As a result, the export price reached the peak level of $1,678 per ton, and then contracted in the following year.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($1,550 per ton), while the average price for exports to Germany ($1,355 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 France (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Imports in Luxembourg
Onion imports into Luxembourg was estimated at 3.8K tons in 2022, increasing by 13% against 2021. The total import volume increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, onion imports reduced to $5.3M in 2022. In general, imports, however, continue to indicate a slight setback. The growth pace was the most rapid in 2021 when imports increased by 9.2% against the previous year. As a result, imports reached the peak of $6.1M, and then shrank in the following year.
Import of Onion in Luxembourg (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 1.2 | 2.7 | 2.6 | 2.4 | 26.0% |
France | 2.6 | 2.2 | 2.8 | 2.2 | -5.4% |
Netherlands | 0.4 | 0.2 | 0.2 | 0.4 | 0.0% |
Germany | 0.2 | 0.3 | 0.3 | 0.2 | 0.0% |
Spain | 0.5 | N/A | N/A | 0.1 | -41.5% |
Others | 0.8 | 0.2 | 0.2 | 0.1 | -50.0% |
Total | 5.6 | 5.6 | 6.1 | 5.3 | -1.8% |
Top Suppliers of Onion to Luxembourg in 2022:
- Belgium (2498.2 tons)
- France (768.4 tons)
- Netherlands (252.9 tons)
- Germany (95.7 tons)
- Spain (85.2 tons)
Onion Exports in Luxembourg
In 2022, after two years of decline, there was significant growth in overseas shipments of onions (dry), when their volume increased by 63% to 498 tons. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, onion exports surged to $739K in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Onion in Luxembourg (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 185 | 146 | 179 | 368 | 25.8% |
France | 255 | 172 | 209 | 236 | -2.5% |
Germany | 115 | 94.3 | 120 | 131 | 4.4% |
Others | 6.4 | 24.9 | 2.9 | 3.7 | -16.7% |
Total | 561 | 437 | 511 | 739 | 9.6% |
Top Export Markets for Onion from Luxembourg in 2022:
- Belgium (247.5 tons)
- France (152.4 tons)
- Germany (96.5 tons)
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