India: Onion And Shallot Market 2024

Onion And Shallot Market Size in India

In 2023, the Indian onion and shallot market decreased by X% to $X, falling for the second year in a row after three years of growth. Overall, the total consumption indicated buoyant 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 2021 indices. Onion and shallot consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Onion And Shallot Production in India

In value terms, onion and shallot production contracted to $X in 2023 estimated in export price. Over the period under review, the total production indicated resilient 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Onion and shallot production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

In 2023, the average yield of onion and shallot in India totaled X tons per ha, flattening at the previous year. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. The onion and shallot yield peaked at X tons per ha in 2019; however, from 2020 to 2023, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the onion and shallot harvested area in India contracted to X ha, with a decrease of X% on 2022 figures. Over the period under review, the total harvested area indicated noticeable growth from 2012 to 2023: its figure 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, onion and shallot harvested area increased by X% against 2019 indices. The pace of growth was the most pronounced in 2022 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha, and then reduced in the following year.

Onion And Shallot Exports

Exports from India

In 2023, shipments abroad of onion and shallot increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, total exports indicated a buoyant increase from 2012 to 2023: its volume 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, exports 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. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, onion and shallot exports surged to $X in 2023. Overall, total exports indicated a strong increase 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to see steady growth in the immediate term.

Exports by Country

Bangladesh (X tons) was the main destination for onion and shallot exports from India, with a X% share of total exports. Moreover, onion and shallot exports to Bangladesh exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Bangladesh totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Malaysia (X% per year).

In value terms, Bangladesh ($X) remains the key foreign market for onion and shallot exports from India, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Bangladesh stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the average onion and shallot export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2023: its price 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, onion and shallot export price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Onion And Shallot Imports

Imports into India

In 2023, after two years of decline, there was significant growth in overseas purchases of onion and shallot, when their volume increased by X% to X tons. Overall, imports saw a modest expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, onion and shallot imports surged to $X in 2023. In general, imports saw resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Afghanistan (X tons) constituted the largest supplier of onion and shallot to India, accounting for a X% share of total imports. It was followed by Iran (X tons), with a X% share of total imports.

From 2013 to 2023, the average annual growth rate of volume from Afghanistan stood at X%.

In value terms, Afghanistan ($X) constituted the largest supplier of onion and shallot to India, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with a X% share of total imports.

From 2013 to 2023, the average annual rate of growth in terms of value from Afghanistan amounted to X%.

Import Prices by Country

In 2023, the average onion and shallot import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated measured growth from 2013 to 2023: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Afghanistan ($X per ton), while the price for Iran totaled $X per ton.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform