Uruguay: Onion And Shallot Market 2024

Onion And Shallot Market Size in Uruguay

The Uruguayan onion and shallot market rose markedly to $X in 2023, surging by X% against the previous year. Overall, consumption recorded a strong increase. Over the period under review, the market reached the peak level in 2023 and is expected to retain growth in the immediate term.

Onion And Shallot Production in Uruguay

In value terms, onion and shallot production totaled $X in 2023 estimated in export price. Over the period under review, production, however, recorded buoyant growth. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Onion and shallot production peaked in 2023 and is likely to continue growth in years to come.

The average yield of onion and shallot in Uruguay dropped slightly to X tons per ha in 2023, standing approx. at the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2023, the growth of the average onion and shallot 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 onion and shallot harvested area in Uruguay stood at X ha in 2023, remaining constant against 2022. Overall, the harvested area, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The onion and shallot harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area remained at a lower figure.

Onion And Shallot Exports

Exports from Uruguay

In 2023, exports of onion and shallot from Uruguay contracted significantly to X tons, falling by X% against 2022 figures. In general, exports recorded a sharp contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, onion and shallot exports contracted dramatically to $X in 2023. Over the period under review, exports showed a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for onion and shallot exports from Uruguay, with a approx. X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to the UK totaled X%.

In value terms, the UK ($X) also remains the key foreign market for onion and shallot exports from Uruguay.

From 2012 to 2023, the average annual growth rate of value to the UK totaled X%.

Export Prices by Country

In 2023, the average onion and shallot export price amounted to $X per ton, growing by X% against the previous year. In general, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2022 when the average export price increased by X%. The export price peaked in 2023 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2023, the rate of growth in terms of prices for the UK amounted to X% per year.

Onion And Shallot Imports

Imports into Uruguay

In 2023, the amount of onion and shallot imported into Uruguay surged to X tons, increasing by X% compared with 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, onion and shallot imports contracted to $X in 2023. Over the period under review, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Argentina (X tons) constituted the largest supplier of onion and shallot to Uruguay, accounting for a X% share of total imports. Moreover, onion and shallot imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold.

From 2012 to 2023, the average annual growth rate of volume from Argentina amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Chile (X% per year).

In value terms, the largest onion and shallot suppliers to Uruguay were Argentina ($X), Brazil ($X) and Chile ($X), together comprising X% of total imports.

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

Import Prices by Country

The average onion and shallot import price stood at $X per ton in 2023, waning by X% against the previous year. Overall, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform