Australia and Oceania: Onion And Shallot Market 2024

Onion And Shallot Market Size in Australia and Oceania

In 2023, the onion and shallot market in Australia and Oceania increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. The level of consumption peaked in 2023 and is likely to continue growth in years to come.

Onion And Shallot Production in Australia and Oceania

In value terms, onion and shallot production surged to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of production peaked in 2023 and is expected to retain growth in the immediate term.

The countries with the highest volumes of production in 2023 were New Zealand (X tons) and Australia (X tons).

From 2012 to 2023, the biggest increases were recorded for New Zealand (with a CAGR of X%).

In 2023, the average yield of onion and shallot in Australia and Oceania declined to X tons per ha, with a decrease of X% against the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. Over the period under review, the onion and shallot yield hit record highs at X tons per ha in 2020; however, from 2021 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of onion and shallot were harvested in Australia and Oceania; with an increase of X% against the previous year's figure. Over the period under review, the harvested area, however, recorded a slight slump. The pace of growth was the most pronounced in 2015 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to onion and shallot production attained the peak figure at X ha in 2012; however, from 2013 to 2023, the harvested area stood at a somewhat lower figure.

Onion And Shallot Exports

Exports in Australia and Oceania

In 2023, overseas shipments of onion and shallot decreased by X% to X tons, falling for the second year in a row after five years of growth. Over the period under review, exports, however, continue to indicate a measured increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, onion and shallot exports surged to $X in 2023. Total exports indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. 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 exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

New Zealand represented the main exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Australia (X tons), achieving a X% share of total exports.

New Zealand was also the fastest-growing in terms of the onion and shallot exports, with a CAGR of X% from 2012 to 2023. Australia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of New Zealand increased by X percentage points.

In value terms, New Zealand ($X) remains the largest onion and shallot supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

In New Zealand, onion and shallot exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, jumping by X% against the previous year. Export price indicated a moderate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, onion and shallot export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Onion And Shallot Imports

Imports in Australia and Oceania

In 2023, approx. X tons of onion and shallot were imported in Australia and Oceania; dropping by X% against the year before. Overall, imports recorded a slight downturn. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, onion and shallot imports declined slightly to $X in 2023. Total imports indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

In 2023, Fiji (X tons) and Australia (X tons) represented the key importers of onion and shallot in Australia and Oceania, together recording approx. X% of total imports. It was distantly followed by Papua New Guinea (X tons), achieving an X% share of total imports. The following importers - Palau (X tons), French Polynesia (X tons), New Zealand (X tons), New Caledonia (X tons), Samoa (X tons) and Solomon Islands (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Palau (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X) constitutes the largest market for imported onion and shallot in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

In Fiji, onion and shallot imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Australia (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. Import price indicated a measured expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, onion and shallot import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Fiji ($X per ton), while Palau ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform