Onion Price in Mexico - 2024
Contents:
- Onion Price in Mexico (FOB) - 2024
- Onion Price in Mexico (CIF) - 2024
- Onion Exports in Mexico
- Onion Imports in Mexico
Onion Price in Mexico (FOB) - 2024
In March 2024, the average onion export price amounted to $944 per ton, which is down by -12.4% against the previous month. Overall, the export price, however, enjoyed a perceptible increase. The growth pace was the most rapid in August 2023 an increase of 45% month-to-month. Over the period under review, the average export prices attained the peak figure at $1,309 per ton in December 2023; however, from January 2024 to March 2024, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From March 2023 to March 2024, the rate of growth in terms of prices for the United States amounted to +2.2% per month.
Onion Price in Mexico (CIF) - 2024
The average onion import price stood at $914 per ton in January 2024, picking up by 12% against the previous month. In general, the import price saw a buoyant expansion. The pace of growth was the most pronounced in December 2023 when the average import price increased by 35% against the previous month. The import price peaked in January 2024.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From May 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to +7.5% per month.
Onion Exports in Mexico
In 2022, overseas shipments of onions (dry) decreased by -1.7% to 464K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 21% against the previous year. As a result, the exports attained the peak of 779K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, onion exports rose modestly to $435M in 2022. The total export value increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 14%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.
| Export of Onion in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 345 | 389 | 411 | 431 | 7.7% |
| Others | 4.4 | 10.0 | 6.3 | 4.3 | -0.8% |
| Total | 349 | 399 | 417 | 435 | 7.6% |
Top Export Markets for Onion from Mexico in 2022:
- United States (459.6K tons)
Onion Imports in Mexico
In 2022, purchases abroad of onions (dry) decreased by -21.4% to 52K tons, falling for the second year in a row after two years of growth. Overall, imports showed a dramatic descent. The growth pace was the most rapid in 2020 when imports increased by 1.4% against the previous year. As a result, imports reached the peak of 115K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, onion imports reduced to $37M in 2022. In general, imports continue to indicate a abrupt shrinkage. The smallest decline of -3.2% was in 2020.
| Import of Onion in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 65.8 | 63.7 | 40.4 | 36.8 | -17.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 65.8 | 63.7 | 40.4 | 36.8 | -17.6% |
Top Suppliers of Onion to Mexico in 2022:
- United States (52.0K tons)
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