Onion Price in the Czech Republic - 2024
Contents:
- Onion Price in the Czech Republic (CIF) - 2024
- Onion Price in the Czech Republic (FOB) - 2022
- Onion Imports in the Czech Republic
- Onion Exports in the Czech Republic
Onion Price in the Czech Republic (CIF) - 2024
In March 2024, the average onion import price amounted to $715 per ton, waning by -13.5% against the previous month. Over the period under review, the import price saw a perceptible setback. The growth pace was the most rapid in January 2024 an increase of 21% against the previous month. The import price peaked at $1,067 per ton in June 2023; however, from July 2023 to March 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Italy ($2,374 per ton), while the price for Germany ($500 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 Slovakia (-0.4%), while the prices for the other major suppliers experienced a decline.
Onion Price in the Czech Republic (FOB) - 2022
The average onion export price stood at $856 per ton in 2022, with a decrease of -11.6% against the previous year. Overall, the export price, however, recorded strong growth. The most prominent rate of growth was recorded in 2019 an increase of 79% against the previous year. Over the period under review, the average export prices hit record highs at $968 per ton in 2021, and then dropped in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($1,053 per ton), while the average price for exports to Germany ($517 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 Austria (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Imports in the Czech Republic
In 2022, approx. 64K tons of onions (dry) were imported into the Czech Republic; rising by 5.8% compared with 2021. Over the period under review, imports, however, saw a deep slump.
In value terms, onion imports shrank modestly to $28M in 2022. Overall, imports, however, saw a deep slump. The growth pace was the most rapid in 2021 when imports increased by 8.6% against the previous year.
| Import of Onion in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 12.8 | 8.4 | 9.3 | 10.4 | -6.7% |
| Germany | 5.9 | 6.2 | 6.6 | 5.2 | -4.1% |
| Slovakia | 3.1 | 4.0 | 4.7 | 5.1 | 18.1% |
| Italy | 2.8 | 2.6 | 3.7 | 3.4 | 6.7% |
| Austria | 1.8 | 1.4 | 1.5 | 1.6 | -3.9% |
| Poland | 3.0 | 1.5 | 1.2 | 1.3 | -24.3% |
| Spain | 2.2 | 0.7 | 0.5 | 0.3 | -48.5% |
| Others | 7.5 | 1.3 | 0.9 | 0.8 | -52.6% |
| Total | 39.1 | 26.1 | 28.4 | 28.2 | -10.3% |
Top Suppliers of Onion to the Czech Republic in 2022:
- Netherlands (24.1K tons)
- Germany (17.7K tons)
- Slovakia (11.2K tons)
- Austria (4.7K tons)
- Poland (2.8K tons)
- Italy (2.0K tons)
- Spain (0.4K tons)
Onion Exports in the Czech Republic
In 2022, shipments abroad of onions (dry) was finally on the rise to reach 6K tons after two years of decline. The total export volume increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, onion exports soared to $5.1M in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Onion in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 4,130 | 3,266 | 3,695 | 4,764 | 4.9% |
| Germany | 78.8 | 52.5 | 60.0 | 118 | 14.4% |
| Austria | 97.1 | 20.5 | 16.1 | 73.1 | -9.0% |
| Hungary | 262 | 136 | 20.0 | 13.4 | -62.9% |
| Croatia | 23.2 | 95.0 | 23.6 | N/A | 0.9% |
| Others | 114 | 83.8 | 94.7 | 150 | 9.6% |
| Total | 4,705 | 3,654 | 3,909 | 5,120 | 2.9% |
Top Export Markets for Onion from the Czech Republic in 2022:
- Slovakia (5.5K tons)
- Germany (0.2K tons)
- Austria (0.1K tons)
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