Onion Price in Norway - 2024
Contents:
- Onion Price in Norway (CIF) - 2024
- Onion Price in Norway (FOB) - 2022
- Onion Imports in Norway
- Onion Exports in Norway
Onion Price in Norway (CIF) - 2024
In May 2024, the average onion import price amounted to $1,037 per ton, which is down by -16% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2023 an increase of 21% against the previous month. As a result, import price attained the peak level of $1,476 per ton. From November 2023 to May 2024, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($1,913 per ton), while the price for Sweden ($776 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Poland (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Price in Norway (FOB) - 2022
The average onion export price stood at $1,396 per ton in 2022, waning by -15.2% against the previous year. Overall, the export price, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by 288% against the previous year. Over the period under review, the average export prices reached the maximum at $2,717 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($2,983 per ton), while the average price for exports to Sweden totaled $1,282 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+383.2%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Imports in Norway
In 2022, approx. 9.7K tons of onions (dry) were imported into Norway; declining by -8.9% compared with the previous year's figure. Over the period under review, imports continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year.
In value terms, onion imports fell modestly to $9.1M in 2022. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 25%.
| Import of Onion in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.6 | 2.1 | 2.6 | 2.7 | -9.1% |
| New Zealand | 4.7 | 1.6 | 1.0 | 2.1 | -23.6% |
| France | 1.5 | 1.1 | 1.5 | 1.6 | 2.2% |
| Egypt | 1.2 | 0.5 | 0.6 | 0.8 | -12.6% |
| Denmark | 3.1 | 0.6 | 1.0 | 0.7 | -39.1% |
| Australia | 0.4 | 0.6 | 1.6 | 0.5 | 7.7% |
| Spain | 0.8 | 0.6 | 0.5 | 0.5 | -14.5% |
| Others | 1.7 | 0.5 | 0.5 | 0.3 | -43.9% |
| Total | 16.9 | 7.5 | 9.4 | 9.1 | -18.6% |
Top Suppliers of Onion to Norway in 2022:
- Netherlands (3.3K tons)
- New Zealand (2.4K tons)
- Denmark (1.3K tons)
- Egypt (0.9K tons)
- France (0.8K tons)
- Australia (0.6K tons)
- Spain (0.3K tons)
Onion Exports in Norway
In 2022, exports of onions (dry) from Norway shrank to 46 tons, waning by -5% on 2021. Overall, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year.
In value terms, onion exports dropped notably to $64K in 2022. Over the period under review, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year.
| Export of Onion in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 47.3 | 54.8 | 60.9 | 54.4 | 4.8% |
| Finland | 12.2 | 9.6 | 17.7 | 8.9 | -10.0% |
| United Kingdom | 26.7 | N/A | N/A | N/A | 0% |
| Netherlands | 79.0 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 0.3 | 0.1 | 0.0% |
| Total | 165 | 64.5 | 78.9 | 63.5 | -27.3% |
Top Export Markets for Onion from Norway in 2022:
- Sweden (42.5 tons)
- Finland (3.0 tons)
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