GCC: Onion And Shallot Market 2024

Onion And Shallot Market Size in GCC

In 2023, the GCC onion and shallot market increased by X% to $X for the first time since 2020, thus ending a two-year declining trend. The total consumption indicated moderate growth from 2012 to 2023: its value 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, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Onion And Shallot Production in GCC

In value terms, onion and shallot production amounted to $X in 2023 estimated in export price. Overall, production, however, recorded a strong expansion. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Saudi Arabia (X tons) remains the largest onion and shallot producing country in GCC, comprising approx. X% of total volume. Moreover, onion and shallot production in Saudi Arabia exceeded the figures recorded by the second-largest producer, the United Arab Emirates (X tons), more than tenfold. Oman (X tons) ranked third in terms of total production with a X% share.

In Saudi Arabia, onion and shallot production expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Oman (X% per year).

In 2023, the average onion and shallot yield in GCC declined slightly to X tons per ha, waning by X% on the previous year. In general, the yield, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. Over the period under review, the onion and shallot yield attained the peak level at X tons per ha in 2022, and then contracted slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the harvested area of onion and shallot in GCC fell to X ha, approximately equating the previous year's figure. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2022, and then contracted in the following year.

Onion And Shallot Exports

Exports in GCC

In 2023, overseas shipments of onion and shallot increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, onion and shallot exports stood at $X in 2023. In general, exports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates represented the major exporter of onion and shallot in GCC, with the volume of exports recording X tons, which was near X% of total exports in 2023. It was distantly followed by Oman (X tons), making up a X% share of total exports. The following exporters - Saudi Arabia (X tons) and Bahrain (X tons) - together made up X% of total exports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of onion and shallot. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2023. By contrast, Bahrain (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates and Oman increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest onion and shallot supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In the United Arab Emirates, onion and shallot exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, shrinking by X% against the previous year. Export price indicated buoyant growth 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 2021 indices. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

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

Onion And Shallot Imports

Imports in GCC

In 2023, supplies from abroad of onion and shallot increased by X% to X tons for the first time since 2017, thus ending a five-year declining trend. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, onion and shallot imports surged to $X in 2023. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the major importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Saudi Arabia (X tons), Kuwait (X tons) and Oman (X tons), together constituting a X% share of total imports. Bahrain (X tons) and Qatar (X tons) took a minor share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Oman (X%), Qatar (X%), Saudi Arabia (X%) and Bahrain (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Qatar (X p.p.), Oman (X p.p.), Bahrain (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported onion and shallot in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports. It was followed by Saudi Arabia, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Qatar ($X per ton) and Kuwait ($X per ton), while the United Arab Emirates ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform