Onion Price in Slovakia - 2024
Contents:
- Onion Price in Slovakia (CIF) - 2022
- Onion Price in Slovakia (FOB) - 2023
- Onion Imports in Slovakia
- Onion Exports in Slovakia
Onion Price in Slovakia (CIF) - 2022
In 2022, the average onion import price amounted to $638 per ton, stabilizing at the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, onion import price decreased by -4.1% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 52%. As a result, import price attained the peak level of $666 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,577 per ton), while the price for Austria ($345 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Price in Slovakia (FOB) - 2023
In December 2023, the average onion export price amounted to $684 per ton, stabilizing at the previous month. Over the period under review, export price indicated a modest expansion from December 2022 to December 2023: its price increased at an average monthly rate of +1.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, onion export price decreased by +0.5% against October 2023 indices. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 26% month-to-month. As a result, the export price reached the peak level of $1,010 per ton. From July 2023 to December 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Austria ($2,115 per ton), while the average price for exports to Germany ($113 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Imports in Slovakia
In 2022, after two years of decline, there was significant growth in purchases abroad of onions (dry), when their volume increased by 7.7% to 13K tons. Overall, imports, however, saw a drastic downturn.
In value terms, onion imports totaled $8.4M in 2022. Over the period under review, imports, however, faced a abrupt slump.
| Import of Onion in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 1.2 | 2.7 | 2.8 | 3.3 | 40.1% |
| Netherlands | 5.0 | 2.5 | 1.8 | 1.7 | -30.2% |
| Poland | 1.6 | 1.0 | 1.1 | 1.0 | -14.5% |
| Italy | 1.4 | 1.0 | 0.8 | 0.7 | -20.6% |
| Germany | 1.6 | 0.5 | 0.5 | 0.7 | -24.1% |
| Austria | 0.8 | 0.4 | 0.6 | 0.6 | -9.1% |
| Serbia | N/A | N/A | N/A | 0.1 | 0% |
| Others | 2.7 | 0.3 | 0.2 | 0.2 | -58.0% |
| Total | 14.2 | 8.4 | 7.9 | 8.4 | -16.1% |
Top Suppliers of Onion to Slovakia in 2022:
- Czech Republic (5.0K tons)
- Netherlands (3.1K tons)
- Austria (1.9K tons)
- Poland (1.8K tons)
- Germany (0.7K tons)
- Italy (0.4K tons)
- Serbia (0.2K tons)
Onion Exports in Slovakia
Onion exports from Slovakia declined markedly to 16K tons in 2022, with a decrease of -18.8% compared with the year before. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. As a result, the exports reached the peak of 20K tons, and then reduced remarkably in the following year.
In value terms, onion exports expanded to $7.3M in 2022. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 3.6% against the previous year.
| Export of Onion in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 4.6 | 4.8 | 4.5 | 5.0 | 2.8% |
| Hungary | 3.7 | 1.9 | 2.5 | 2.1 | -17.2% |
| Poland | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Germany | 0.1 | N/A | N/A | 0.1 | 0.0% |
| United Kingdom | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Others | 0.4 | 0.2 | N/A | N/A | -50.0% |
| Total | 9.0 | 7.0 | 7.2 | 7.3 | -6.7% |
Top Export Markets for Onion from Slovakia in 2022:
- Czech Republic (11.2K tons)
- Hungary (4.3K tons)
- Germany (0.3K tons)
- Poland (0.2K tons)
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