Onion Price in Venezuela - 2022
Contents:
- Onion Price in Venezuela (CIF) - 2022
- Onion Price in Venezuela (FOB) - 2022
- Onion Imports in Venezuela
- Onion Exports in Venezuela
Onion Price in Venezuela (CIF) - 2022
In 2022, the average onion import price amounted to $643 per ton, rising by 53% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 106%. Over the period under review, average import prices attained the maximum at $718 per ton in 2013; however, from 2014 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 Trinidad and Tobago ($1,253 per ton), while the price for Peru ($558 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Price in Venezuela (FOB) - 2022
The average onion export price stood at $904 per ton in 2022, leveling off at the previous year. Over the period under review, the export price showed a mild contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 130%. Over the period under review, the average export prices attained the maximum at $1,096 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Aruba.
From 2012 to 2022, the rate of growth in terms of prices for Aruba amounted to -1.9% per year.
Onion Imports in Venezuela
After two years of decline, purchases abroad of onions (dry) increased by 49% to 40 tons in 2022. In general, imports, however, faced a precipitous shrinkage.
In value terms, onion imports soared to $25K in 2022. Overall, imports, however, saw a precipitous contraction.
| Import of Onion in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 64.7 | 35.0 | 6.4 | 19.6 | -32.8% |
| Trinidad and Tobago | 8.2 | 6.9 | 4.3 | 3.2 | -26.9% |
| Netherlands | 0.3 | 0.3 | 0.7 | 1.7 | 78.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 73.1 | 42.2 | 11.3 | 24.5 | -30.5% |
Top Suppliers of Onion to Venezuela in 2022:
- Peru (35.1 tons)
- Trinidad and Tobago (2.5 tons)
- Netherlands (2.5 tons)
Onion Exports in Venezuela
In 2022, overseas shipments of onions (dry) decreased by 0% to 25 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a sharp reduction. The smallest decline of -49.7% was in 2020.
In value terms, onion exports totaled $23K in 2022. Over the period under review, exports continue to indicate a significant contraction. The smallest decline of -49.3% was in 2020.
| Export of Onion in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Aruba | 11.7 | 22.7 | 21.8 | 22.7 | 24.7% |
| Malaysia | 33.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.9 | N/A | 0% |
| Total | 44.9 | 22.7 | 22.7 | 22.7 | -20.3% |
Top Export Markets for Onion from Venezuela in 2022:
- Aruba (25.1 tons)
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