Global Onion And Shallot Market 2024

Onion And Shallot Market Size

After two years of growth, the global onion and shallot market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $X in 2022, and then fell in the following year.

Onion And Shallot Production

In value terms, onion and shallot production declined modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Global production peaked at $X in 2022, and then declined slightly in the following year.

The countries with the highest volumes of production in 2023 were India (X tons), China (X tons) and Egypt (X tons), with a combined X% share of global production. The United States, Turkey, Bangladesh, Pakistan, Indonesia, Iran, South Korea, Nigeria, Algeria and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Indonesia (with a CAGR of X%), while production for the other global leaders experienced more modest paces of growth.

The global average onion and shallot yield was estimated at X tons per ha in 2023, almost unchanged from the year before. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. The global yield peaked at X tons per ha in 2019; however, from 2020 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.

The global onion and shallot harvested area fell to X ha in 2023, with a decrease of X% compared with the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X%. The global harvested area peaked at X ha in 2022, and then reduced slightly in the following year.

Onion And Shallot Exports

Exports

In 2023, shipments abroad of onion and shallot increased by X% to X tons, rising for the second year in a row after two years of decline. The total export volume 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 growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the global exports failed to regain momentum.

In value terms, onion and shallot exports surged to $X in 2023. The total export value 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 2013 when exports increased by X% against the previous year. The global exports peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

India was the main exporting country with an export of about X tons, which finished at X% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with an X% share, followed by China (X%) and Mexico (X%). Uzbekistan (X tons), Egypt (X tons), Pakistan (X tons), the United States (X tons), Argentina (X tons), Peru (X tons), Spain (X tons), New Zealand (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to onion and shallot exports from India stood at X%. At the same time, Uzbekistan (X%), Pakistan (X%), New Zealand (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Argentina, China, Peru and Turkey experienced a relatively flat trend pattern. By contrast, Egypt (X%), Spain (X%), the Netherlands (X%) and the United States (X%) illustrated a downward trend over the same period. India (X p.p.), Uzbekistan (X p.p.) and Pakistan (X p.p.) significantly strengthened its position in terms of the global exports, while China, Egypt, Spain, the United States and the Netherlands saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), the Netherlands ($X) and Mexico ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of global exports. China, Egypt, the United States, Spain, New Zealand, Peru, Pakistan, Uzbekistan, Turkey and Argentina lagged somewhat behind, together comprising a further X%.

Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average onion and shallot export price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 an increase of X%. The global export price peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Onion And Shallot Imports

Imports

Global onion and shallot imports declined slightly to X tons in 2023, reducing by X% on the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Global imports peaked at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, onion and shallot imports expanded modestly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Global imports peaked at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of onion and shallot imports in 2023 were Malaysia (X tons), Pakistan (X tons), Cote d'Ivoire (X tons), Bangladesh (X tons), Sri Lanka (X tons), Japan (X tons), Canada (X tons), Kazakhstan (X tons), the UK (X tons), Poland (X tons), the United Arab Emirates (X tons) and the Netherlands (X tons), together resulting at X% of total import. Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest onion and shallot importing markets worldwide were the UK ($X), Malaysia ($X) and Canada ($X), together accounting for X% of global imports. Japan, the Netherlands, Sri Lanka, Pakistan, Bangladesh, the United Arab Emirates, Poland, Cote d'Ivoire, Brazil and Kazakhstan lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average onion and shallot import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform