Onion Price in Peru - 2022
Contents:
- Onion Price in Peru (FOB) - 2022
- Onion Price in Peru (CIF) - 2022
- Onion Exports in Peru
- Onion Imports in Peru
Onion Price in Peru (FOB) - 2022
The average onion export price stood at $497 per ton in 2022, surging by 5.2% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. The pace of growth was the most pronounced in 2015 an increase of 12% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($1,773 per ton), while the average price for exports to Chile ($113 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 Bolivia (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Price in Peru (CIF) - 2022
In 2022, the average onion import price amounted to $349 per ton, picking up by 47% against the previous year. Over the period under review, the import price enjoyed a moderate increase. The most prominent rate of growth was recorded in 2013 an increase of 175%. As a result, import price attained the peak level of $666 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +95.1% per year.
Onion Exports in Peru
In 2022, after three years of growth, there was decline in overseas shipments of onions (dry), when their volume decreased by -1.1% to 299K tons. The total export volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 15%. As a result, the exports attained the peak of 302K tons, and then reduced modestly in the following year.
In value terms, onion exports expanded to $148M in 2022. The total export value increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 14%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Onion in Peru (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 74.8 | 76.3 | 81.2 | 87.7 | 5.4% |
| Colombia | 9.2 | 10.9 | 13.0 | 21.4 | 32.5% |
| Spain | 18.9 | 20.2 | 26.6 | 17.6 | -2.3% |
| Canada | 8.0 | 8.5 | 9.0 | 8.6 | 2.4% |
| Panama | 2.2 | 2.3 | 2.9 | 3.2 | 13.3% |
| Chile | 1.8 | 2.4 | 2.8 | 2.2 | 6.9% |
| Others | 4.4 | 4.6 | 7.1 | 7.5 | 19.5% |
| Total | 119 | 125 | 143 | 148 | 7.5% |
Top Export Markets for Onion from Peru in 2022:
- United States (154.6K tons)
- Colombia (72.4K tons)
- Spain (31.0K tons)
- Chile (19.7K tons)
- Canada (4.9K tons)
- Panama (4.6K tons)
Onion Imports in Peru
In 2022, imports of onions (dry) into Peru soared to 55 tons, with an increase of 248% against 2021. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, onion imports surged to $19K in 2022. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Onion in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.1 | 3.4 | 3.7 | 19.2 | 83.6% |
| Others | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 3.1 | 3.5 | 3.9 | 19.3 | 84.0% |
Top Suppliers of Onion to Peru in 2022:
- United States (55.3 tons)
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