Onion Price in Uruguay - 2023
Contents:
- Onion Price in Uruguay (CIF) - 2022
- Onion Price in Uruguay (FOB) - 2022
- Onion Imports in Uruguay
- Onion Exports in Uruguay
Onion Price in Uruguay (CIF) - 2022
In 2022, the average onion import price amounted to $515 per ton, surging by 11% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 84%. Over the period under review, average import prices reached the maximum at $712 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($679 per ton), while the price for Argentina ($277 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Onion Price in Uruguay (FOB) - 2022
In 2022, the average onion export price amounted to $2,397 per ton, growing by 512% against the previous year. Overall, the export price continues to indicate a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +5.8% per year.
Onion Imports in Uruguay
Onion imports into Uruguay skyrocketed to 3.2K tons in 2022, growing by 54,349% on the year before. Over the period under review, imports recorded a significant expansion.
In value terms, onion imports surged to $1.7M in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Onion in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 169 | 525 | N/A | 1,136 | 88.7% |
| Argentina | N/A | 554 | 2.7 | 363 | -19.1% |
| Chile | N/A | 306 | N/A | 146 | -30.9% |
| Spain | 60.7 | 138 | N/A | N/A | 127.3% |
| Others | 48.8 | N/A | N/A | 12.8 | -36.0% |
| Total | 279 | 1,523 | 2.7 | 1,657 | 81.1% |
Top Suppliers of Onion to Uruguay in 2022:
- Brazil (1673.5 tons)
- Argentina (1311.6 tons)
- Chile (227.2 tons)
Onion Exports in Uruguay
Onion exports from Uruguay shrank markedly to 15 tons in 2022, with a decrease of -94.5% compared with 2021. In general, exports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 3,982% against the previous year. As a result, the exports reached the peak of 266 tons, and then declined remarkably in the following year.
In value terms, onion exports contracted remarkably to $35K in 2022. Overall, exports faced a sharp contraction. The pace of growth was the most pronounced in 2021 with an increase of 806% against the previous year.
| Export of Onion in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 13.1 | 11.5 | 16.1 | 34.9 | 38.6% |
| Brazil | 97.5 | N/A | 87.8 | N/A | -5.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 111 | 11.5 | 104 | 34.9 | -32.0% |
Top Export Markets for Onion from Uruguay in 2022:
- United Kingdom (14.6 tons)
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