Onion Price in Switzerland - 2024
Contents:
- Onion Price in Switzerland (CIF) - 2024
- Onion Price in Switzerland (FOB) - 2022
- Onion Imports in Switzerland
- Onion Exports in Switzerland
Onion Price in Switzerland (CIF) - 2024
The average onion import price stood at $879 per ton in April 2024, dropping by -56.4% against the previous month. Over the period under review, the import price showed a pronounced reduction. The pace of growth appeared the most rapid in September 2023 an increase of 59% m-o-m. Over the period under review, average import prices attained the maximum at $3,658 per ton in December 2023; however, from January 2024 to April 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($1,295 per ton), while the price for Denmark ($634 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Egypt (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Price in Switzerland (FOB) - 2022
In 2022, the average onion export price amounted to $2,936 per ton, falling by -29% against the previous year. Overall, the export price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 an increase of 374%. As a result, the export price attained the peak level of $4,133 per ton, and then dropped remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($3,948 per ton), while the average price for exports to France ($1,120 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 Italy (+13.5%), while the prices for the other major destinations experienced mixed trend patterns.
Onion Imports in Switzerland
In 2022, onion imports into Switzerland skyrocketed to 12K tons, with an increase of 71% against the previous year. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, onion imports stood at $15M in 2022. The total import value increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 22%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Onion in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.8 | 3.8 | 5.2 | 5.0 | 21.3% |
| France | 2.9 | 3.3 | 4.2 | 3.4 | 5.4% |
| Netherlands | 1.0 | 2.1 | 1.8 | 3.2 | 47.4% |
| Germany | 0.1 | 0.2 | 0.2 | 1.2 | 128.9% |
| Spain | 1.6 | 0.7 | 1.1 | 1.0 | -14.5% |
| Denmark | 0.3 | N/A | 0.1 | 0.2 | -12.6% |
| New Zealand | 1.0 | 0.1 | 0.1 | N/A | -68.4% |
| Others | 1.7 | 0.7 | 0.8 | 0.7 | -25.6% |
| Total | 11.4 | 11.0 | 13.4 | 14.6 | 8.6% |
Top Suppliers of Onion to Switzerland in 2022:
- Netherlands (5.0K tons)
- France (2.6K tons)
- Italy (2.0K tons)
- Germany (1.4K tons)
- Denmark (0.3K tons)
- Spain (0.3K tons)
Onion Exports in Switzerland
In 2022, onion exports from Switzerland soared to 88 tons, rising by 198% against 2021 figures. In general, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, onion exports skyrocketed to $258K in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Onion in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | 81.0 | 217 | 167.9% |
| Netherlands | 3.0 | 0.9 | 1.6 | 21.3 | 92.2% |
| France | 37.2 | 69.8 | 1.5 | 19.9 | -18.8% |
| Spain | 15.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 3.2 | 0.1 | -96.9% |
| Total | 55.3 | 70.8 | 87.2 | 258 | 67.1% |
Top Export Markets for Onion from Switzerland in 2022:
- Italy (54.8 tons)
- France (17.8 tons)
- Netherlands (15.1 tons)
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