Onion Price in Pakistan - 2023
Contents:
- Onion Price in Pakistan (CIF) - 2022
- Onion Price in Pakistan (FOB) - 2022
- Onion Imports in Pakistan
- Onion Exports in Pakistan
Onion Price in Pakistan (CIF) - 2022
The average onion import price stood at $207 per ton in 2022, jumping by 21% against the previous year. In general, the import price, however, saw a slight curtailment. Over the period under review, average import prices hit record highs at $241 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($301 per ton), while the price for Afghanistan ($180 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Price in Pakistan (FOB) - 2022
The average onion export price stood at $338 per ton in 2022, increasing by 5.9% against the previous year. Overall, the export price saw a measured expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 75%. Over the period under review, the average export prices hit record highs at $408 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Bangladesh ($414 per ton) and the United Arab Emirates ($331 per ton), while the average price for exports to Oman ($319 per ton) and Sri Lanka ($320 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Imports in Pakistan
In 2022, approx. 493K tons of onions (dry) were imported into Pakistan; increasing by 268% against 2021 figures. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, onion imports soared to $102M in 2022. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Onion in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 14.5 | 28.6 | 22.9 | 48.6 | 49.7% |
| Egypt | N/A | N/A | N/A | 23.4 | 0% |
| Iran | 1.2 | 0.3 | N/A | 17.5 | 144.3% |
| China | N/A | N/A | N/A | 11.5 | 0% |
| Others | N/A | N/A | N/A | 1.1 | 0% |
| Total | 15.6 | 28.9 | 23.0 | 102 | 87.0% |
Top Suppliers of Onion to Pakistan in 2022:
- Afghanistan (269.9K tons)
- Iran (93.8K tons)
- Egypt (88.3K tons)
- China (38.2K tons)
Onion Exports in Pakistan
In 2022, overseas shipments of onions (dry) decreased by -70.9% to 132K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a deep slump. The pace of growth appeared the most rapid in 2020 when exports increased by 76% against the previous year.
In value terms, onion exports fell dramatically to $45M in 2022. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 84% against the previous year.
| Export of Onion in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 28.3 | 40.9 | 59.5 | 11.0 | -27.0% |
| Sri Lanka | 13.7 | 23.0 | 29.0 | 9.2 | -12.4% |
| United Arab Emirates | 6.3 | 20.1 | 24.9 | 8.4 | 10.1% |
| Bangladesh | 6.1 | 17.4 | 0.6 | 6.7 | 3.2% |
| Qatar | 3.5 | 6.6 | 11.5 | 3.8 | 2.8% |
| Oman | 2.9 | 6.5 | 9.7 | 2.3 | -7.4% |
| Singapore | 3.4 | 4.6 | 5.8 | 1.4 | -25.6% |
| Others | 3.0 | 5.0 | 4.3 | 2.0 | -12.6% |
| Total | 67.3 | 124 | 145 | 44.8 | -12.7% |
Top Export Markets for Onion from Pakistan in 2022:
- Malaysia (33.3K tons)
- Sri Lanka (28.7K tons)
- United Arab Emirates (25.5K tons)
- Bangladesh (16.2K tons)
- Qatar (11.7K tons)
- Oman (7.1K tons)
- Singapore (4.2K tons)
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