Onion Price in the UK - 2024
Contents:
- Onion Price in the UK (CIF) - 2024
- Onion Price in the UK (FOB) - 2024
- Onion Imports in the UK
- Onion Exports in the UK
Onion Price in the UK (CIF) - 2024
The average onion import price stood at $961 per ton in March 2024, approximately mirroring the previous month. Over the period under review, the import price, however, showed a slight setback. The pace of growth was the most pronounced in December 2023 when the average import price increased by 9.4% m-o-m. Over the period under review, average import prices hit record highs at $1,216 per ton in March 2023; however, from April 2023 to March 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Senegal ($1,785 per ton), while the price for South Africa ($541 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 (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Price in the UK (FOB) - 2024
The average onion export price stood at $1,614 per ton in March 2024, surging by 75% against the previous month. Over the period under review, the export price enjoyed a moderate expansion. The pace of growth was the most pronounced in April 2023 when the average export price increased by 78% m-o-m. The export price peaked at $2,643 per ton in August 2023; however, from September 2023 to March 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($1,907 per ton), while the average price for exports to the Netherlands ($896 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 Belgium (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Imports in the UK
In 2022, overseas purchases of onions (dry) increased by 24% to 369K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt setback.
In value terms, onion imports surged to $257M in 2022. Overall, imports, however, continue to indicate a perceptible descent.
| Import of Onion in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 89.9 | 59.7 | 43.3 | 85.8 | -1.5% |
| Spain | 71.2 | 40.0 | 38.4 | 57.2 | -7.0% |
| Egypt | 44.6 | 34.8 | 40.1 | 39.0 | -4.4% |
| Poland | 25.5 | 16.9 | 24.5 | 33.2 | 9.2% |
| Chile | 4.5 | 3.9 | 4.4 | 3.9 | -4.7% |
| New Zealand | 16.5 | 5.2 | 6.7 | 1.0 | -60.7% |
| Others | 43.3 | 34.4 | 44.5 | 36.9 | -5.2% |
| Total | 296 | 195 | 202 | 257 | -4.6% |
Top Suppliers of Onion to the UK in 2022:
- Netherlands (170.0K tons)
- Spain (88.4K tons)
- Poland (42.2K tons)
- Egypt (34.4K tons)
- Chile (4.6K tons)
- New Zealand (1.4K tons)
Onion Exports in the UK
In 2022, approx. 4.6K tons of onions (dry) were exported from the UK; declining by -17% compared with the year before. Over the period under review, exports faced a deep reduction. The smallest decline of -6.3% was in 2020.
In value terms, onion exports dropped rapidly to $4.9M in 2022. In general, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 14% against the previous year. As a result, the exports reached the peak of $8.1M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Onion in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 5,328 | 6,099 | 4,503 | 2,064 | -27.1% |
| Egypt | N/A | N/A | N/A | 519 | 0% |
| Netherlands | 406 | 309 | 994 | 298 | -9.8% |
| Romania | N/A | 41.0 | 148 | 290 | 166.0% |
| Poland | 178 | 186 | 417 | 207 | 5.2% |
| France | 84.7 | 59.6 | 234 | 144 | 19.4% |
| Germany | 54.2 | 69.0 | 71.6 | 143 | 38.2% |
| Spain | 203 | 205 | 44.8 | 54.5 | -35.5% |
| Greece | 410 | 125 | N/A | N/A | -69.5% |
| Others | 450 | 1,020 | 211 | 1,188 | 38.2% |
| Total | 7,113 | 8,113 | 6,622 | 4,907 | -11.6% |
Top Export Markets for Onion from the UK in 2022:
- Ireland (2687.2 tons)
- Poland (378.3 tons)
- Romania (344.2 tons)
- Netherlands (247.2 tons)
- France (177.1 tons)
- Egypt (137.2 tons)
- Germany (104.4 tons)
- Spain (64.6 tons)
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