Onion Price in Spain - 2024
Contents:
- Onion Price in Spain (FOB) - 2024
- Onion Price in Spain (CIF) - 2024
- Onion Exports in Spain
- Onion Imports in Spain
Onion Price in Spain (FOB) - 2024
In March 2024, the average onion export price amounted to $1,021 per ton, increasing by 3.2% against the previous month. Over the period under review, the export price, however, saw a slight slump. The most prominent rate of growth was recorded in April 2023 an increase of 14% m-o-m. As a result, the export price reached the peak level of $1,438 per ton. From May 2023 to March 2024, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In March 2024, the country with the highest price was France ($1,370 per ton), while the average price for exports to Ireland ($882 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to France (-0.3%), while the prices for the other major destinations experienced a decline.
Onion Price in Spain (CIF) - 2024
The average onion import price stood at $780 per ton in March 2024, picking up by 2.1% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 an increase of 21% m-o-m. The import price peaked at $926 per ton in August 2023; however, from September 2023 to March 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Portugal ($1,454 per ton), while the price for China ($627 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Egypt (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Exports in Spain
Onion exports from Spain fell to 318K tons in 2022, waning by -6.5% compared with 2021 figures. Overall, exports recorded a abrupt decrease. The smallest decline of -4.9% was in 2021.
In value terms, onion exports rose rapidly to $189M in 2022. In general, exports saw a pronounced setback.
| Export of Onion in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 57.2 | 44.8 | 46.5 | 56.6 | -0.4% |
| United Kingdom | 49.4 | 30.2 | 39.8 | 49.1 | -0.2% |
| Portugal | 17.6 | 16.7 | 19.1 | 16.2 | -2.7% |
| France | 29.0 | 18.4 | 17.9 | 15.4 | -19.0% |
| Netherlands | 10.8 | 7.0 | 6.6 | 6.8 | -14.3% |
| United Arab Emirates | 4.8 | 5.4 | 5.4 | 5.9 | 7.1% |
| Belgium | 6.9 | 4.3 | 4.1 | 5.5 | -7.3% |
| Ireland | 4.3 | 3.1 | 3.6 | 4.8 | 3.7% |
| Brazil | 6.6 | 2.2 | 1.2 | 4.5 | -12.0% |
| United States | 1.4 | 2.2 | 3.5 | 4.2 | 44.2% |
| Panama | 0.8 | 1.9 | 1.7 | 3.5 | 63.6% |
| Canada | 0.7 | 0.9 | 1.8 | 2.9 | 60.6% |
| Italy | 3.4 | 2.8 | 2.8 | 2.5 | -9.7% |
| Others | 19.7 | 16.8 | 14.3 | 10.7 | -18.4% |
| Total | 213 | 157 | 168 | 189 | -3.9% |
Top Export Markets for Onion from Spain in 2022:
- Germany (94.1K tons)
- United Kingdom (85.9K tons)
- Portugal (32.7K tons)
- France (20.1K tons)
- Netherlands (13.2K tons)
- Ireland (9.2K tons)
- Belgium (8.8K tons)
- United Arab Emirates (8.6K tons)
- Brazil (8.3K tons)
- Canada (5.3K tons)
- Panama (5.0K tons)
- United States (4.9K tons)
- Italy (4.9K tons)
Onion Imports in Spain
In 2022, after three years of growth, there was significant decline in supplies from abroad of onions (dry), when their volume decreased by -17.2% to 100K tons. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. As a result, imports attained the peak of 121K tons, and then reduced sharply in the following year.
In value terms, onion imports fell to $57M in 2022. The total import value increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 37%. As a result, imports reached the peak of $66M, and then dropped in the following year.
| Import of Onion in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 19.3 | 20.3 | 27.3 | 23.5 | 6.8% |
| Netherlands | 2.3 | 5.5 | 5.2 | 9.0 | 57.6% |
| Chile | 7.2 | 7.4 | 7.5 | 6.4 | -3.9% |
| France | 3.1 | 3.6 | 9.1 | 4.3 | 11.5% |
| Portugal | 2.4 | 1.8 | 2.7 | 3.2 | 10.1% |
| Senegal | 0.6 | 1.3 | 1.6 | 2.9 | 69.1% |
| New Zealand | 4.5 | 3.3 | 5.8 | 1.9 | -25.0% |
| Australia | 0.5 | 0.6 | 1.0 | 1.4 | 40.9% |
| Others | 5.5 | 4.3 | 5.7 | 4.0 | -10.1% |
| Total | 45.3 | 48.1 | 66.0 | 56.6 | 7.7% |
Top Suppliers of Onion to Spain in 2022:
- Peru (35.8K tons)
- Netherlands (19.8K tons)
- France (10.9K tons)
- Portugal (10.1K tons)
- Chile (6.5K tons)
- Senegal (5.6K tons)
- New Zealand (2.6K tons)
- Australia (2.0K tons)
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