Onion Price in Ukraine - 2024
Contents:
- Onion Price in Ukraine (CIF) - 2024
- Onion Price in Ukraine (FOB) - 2024
- Onion Imports in Ukraine
- Onion Exports in Ukraine
Onion Price in Ukraine (CIF) - 2024
In March 2024, the average onion import price amounted to $1,181 per ton, with a decrease of -4.5% against the previous month. In general, import price indicated a moderate increase from March 2023 to March 2024: its price increased at an average monthly rate of +3.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2024 figures, onion import price decreased by -12.4% against January 2024 indices. The pace of growth appeared the most rapid in August 2023 an increase of 95% month-to-month. The import price peaked at $1,348 per ton in January 2024; however, from February 2024 to March 2024, import prices stood at a somewhat 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 the Netherlands ($1,324 per ton), while the price for Moldova ($580 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 (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Price in Ukraine (FOB) - 2024
In March 2024, the average onion export price amounted to $282 per ton, almost unchanged from the previous month. Overall, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in November 2023 an increase of 63% against the previous month. Over the period under review, the average export prices attained the peak figure at $1,883 per ton in June 2023; however, from July 2023 to March 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Romania ($299 per ton), while the average price for exports to Moldova ($172 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 Poland (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.
Onion Imports in Ukraine
In 2022, overseas purchases of onions (dry) were finally on the rise to reach 98K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports posted resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, onion imports skyrocketed to $56M in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Onion in Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 0.6 | 2.7 | 1.6 | 23.5 | 239.6% |
| Netherlands | 6.4 | 7.9 | 5.0 | 19.2 | 44.2% |
| Moldova | N/A | N/A | N/A | 5.0 | 0% |
| Turkey | 0.1 | 0.7 | 0.3 | 2.1 | 175.9% |
| Kazakhstan | 3.7 | 0.3 | 1.2 | 1.6 | -24.4% |
| Egypt | 2.6 | 1.2 | 0.1 | 0.6 | -38.7% |
| Uzbekistan | 6.4 | 1.0 | 0.9 | N/A | -62.5% |
| Others | 1.6 | 1.0 | 0.4 | 3.8 | 33.4% |
| Total | 21.3 | 14.8 | 9.5 | 55.8 | 37.9% |
Top Suppliers of Onion to Ukraine in 2022:
- Poland (52.6K tons)
- Netherlands (22.6K tons)
- Moldova (8.9K tons)
- Turkey (3.7K tons)
- Kazakhstan (3.3K tons)
- Egypt (1.2K tons)
Onion Exports in Ukraine
In 2022, shipments abroad of onions (dry) decreased by -98.1% to 407 tons, falling for the second year in a row after two years of growth. In general, exports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 65%. As a result, the exports attained the peak of 22K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, onion exports fell notably to $80K in 2022. Over the period under review, exports saw a significant decline. The most prominent rate of growth was recorded in 2020 when exports increased by 21% against the previous year. As a result, the exports reached the peak of $4.6M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Onion in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 801 | 910 | 2,098 | 30.3 | -66.4% |
| Moldova | 197 | 181 | 88.5 | 15.3 | -57.3% |
| Turkey | 97.7 | 541 | 116 | 14.0 | -47.7% |
| Iraq | 68.3 | 833 | 374 | 9.7 | -47.8% |
| Estonia | 148 | 81.1 | 65.5 | 0.1 | -91.2% |
| Poland | 1,241 | 439 | 244 | 0.1 | -95.7% |
| Latvia | 155 | 189 | 3.1 | N/A | -85.9% |
| Malaysia | 253 | 11.8 | 13.0 | N/A | -77.3% |
| Bangladesh | 10.6 | 445 | N/A | N/A | 4098.1% |
| Belarus | 405 | 355 | 657 | N/A | 27.4% |
| Others | 433 | 638 | 392 | 10.2 | -71.3% |
| Total | 3,808 | 4,624 | 4,052 | 79.6 | -72.5% |
Top Export Markets for Onion from Ukraine in 2022:
- Romania (134.6 tons)
- Turkey (114.0 tons)
- Iraq (75.8 tons)
- Moldova (68.7 tons)
- Estonia (0.3 tons)
- Poland (0.2 tons)
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