Onion Price in the United Arab Emirates - 2022
Contents:
- Onion Price in the United Arab Emirates (CIF) - 2022
- Onion Price in the United Arab Emirates (FOB) - 2022
- Onion Imports in the United Arab Emirates
- Onion Exports in the United Arab Emirates
Onion Price in the United Arab Emirates (CIF) - 2022
In 2022, the average onion import price amounted to $304 per ton, growing by 6% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 increased by +36.1% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 98%. As a result, import price attained the peak level of $378 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($715 per ton), while the price for Turkey ($145 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Price in the United Arab Emirates (FOB) - 2022
In 2022, the average onion export price amounted to $636 per ton, picking up by 27% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average export price increased by 67%. As a result, the export price reached the peak level of $683 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($2,991 per ton), while the average price for exports to Sri Lanka ($372 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 Sierra Leone (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Imports in the United Arab Emirates
In 2022, supplies from abroad of onions (dry) decreased by -2.7% to 352K tons, falling for the second year in a row after two years of growth. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 5.7% against the previous year. As a result, imports attained the peak of 381K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, onion imports amounted to $107M in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, imports attained the peak of $113M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Onion in the United Arab Emirates (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 51.3 | 41.2 | 42.3 | 69.0 | 10.4% |
Egypt | 13.1 | 3.5 | 1.9 | 15.9 | 6.7% |
Pakistan | 6.3 | 20.1 | 24.9 | 10.1 | 17.0% |
Spain | 4.8 | 5.4 | 5.4 | 5.6 | 5.3% |
Turkey | 6.8 | 9.8 | 6.1 | 3.5 | -19.9% |
Oman | N/A | 0.6 | 8.6 | 0.2 | -42.3% |
Iran | 13.1 | 26.2 | 11.0 | N/A | -8.4% |
Others | 4.2 | 5.8 | 3.5 | 2.6 | -14.8% |
Total | 99.9 | 113 | 104 | 107 | 2.3% |
Top Suppliers of Onion to the United Arab Emirates in 2022:
- India (258.8K tons)
- Pakistan (29.4K tons)
- Egypt (27.1K tons)
- Turkey (24.4K tons)
- Spain (7.8K tons)
- Oman (0.3K tons)
Onion Exports in the United Arab Emirates
In 2022, overseas shipments of onions (dry) decreased by -34.2% to 10K tons, falling for the second consecutive year after two years of growth. In general, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 29% against the previous year. As a result, the exports attained the peak of 26K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, onion exports shrank sharply to $6.4M in 2022. Overall, exports faced a dramatic slump. The smallest decline of -0.6% was in 2020.
Export of Onion in the United Arab Emirates (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Oman | 7.9 | 4.2 | 6.2 | 5.3 | -12.5% |
Pakistan | N/A | N/A | N/A | 0.9 | 0% |
Sri Lanka | 1.0 | 3.1 | 0.1 | N/A | -68.4% |
Malaysia | N/A | 1.1 | N/A | N/A | 0% |
India | 4.7 | 5.1 | 1.1 | N/A | -51.6% |
Others | 0.4 | 0.4 | 0.3 | 0.2 | -20.6% |
Total | 13.9 | 13.9 | 7.7 | 6.4 | -22.8% |
Top Export Markets for Onion from the United Arab Emirates in 2022:
- Oman (7.6K tons)
- Pakistan (2.3K tons)
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