Global Onion And Shallot Market 2024

Onion And Shallot Market Size

The global onion and shallot market stood at $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is expected to retain growth in years to come.

Onion And Shallot Production

In value terms, onion and shallot production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were India (X tons), China (X tons) and the United States (X tons), with a combined X% share of global production. Egypt, Turkey, Iran, Pakistan, Sudan, Bangladesh, Japan, the Netherlands, Indonesia and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Sudan (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 fell slightly to X tons per ha in 2022, remaining relatively unchanged against the previous year. Overall, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. The global yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of onion and shallot were harvested worldwide; picking up by X% compared with the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2021 to 2022, the growth of the global onion and shallot harvested area failed to regain momentum.

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Onion And Shallot Exports

Exports

Global onion and shallot exports expanded remarkably to X tons in 2022, surging by X% on the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, onion and shallot exports rose markedly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

India (X tons) and the Netherlands (X tons) were the key exporters of onion and shallot in 2022, resulting at near X% and X% of total exports, respectively. China (X tons) ranks next in terms of the total exports with an X% share, followed by Mexico (X%) and Iran (X%). Egypt (X tons), the United States (X tons), Spain (X tons), Peru (X tons), Poland (X tons), Uzbekistan (X tons), Afghanistan (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Uzbekistan (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest onion and shallot supplying countries worldwide were the Netherlands ($X), China ($X) and India ($X), with a combined X% share of global exports. Mexico, the United States, Egypt, Spain, Poland, Peru, Iran, Afghanistan, Uzbekistan and Turkey lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average onion and shallot export price stood at $X per ton in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other global leaders experienced more modest paces of growth.

Onion And Shallot Imports

Imports

In 2022, purchases abroad of onion and shallot was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, onion and shallot imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The purchases of the twelve major importers of onion and shallot, namely the United States, Bangladesh, Malaysia, Pakistan, the United Arab Emirates, the UK, Iraq, Saudi Arabia, Cote d'Ivoire, the Netherlands, Japan and Sri Lanka, represented more than half of total import. Poland (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported onion and shallot worldwide, comprising X% of global imports. The second position in the ranking was taken by the UK ($X), with a X% share of global imports. It was followed by Malaysia, with a X% share.

In the United States, onion and shallot imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average onion and shallot import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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