World - Dried Onions - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the growth trends in the global dried onion market, with forecasted increases in consumption, production, imports, and exports. Key findings include anticipated growth in market volume and value terms, with fluctuations recorded in trends over the years. The report also highlights the top consuming, producing, importing, and exporting countries in the dried onion market, along with notable growth rates and price trends. Overall, the analysis provides insights into the dynamics of the global dried onion market and projections for future growth.
Market Forecast
Driven by increasing demand for dried onions worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.2% for the period from 2022 to 2030, which is projected to bring the market volume to 1.4M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.5% for the period from 2022 to 2030, which is projected to bring the market value to $4.3B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Dried Onions
In 2022, global consumption of dried onions reached 1.1M tons, increasing by 2.5% against 2021. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -9.3% against 2020 indices. As a result, consumption attained the peak volume of 1.2M tons. From 2021 to 2022, the growth of the global consumption remained at a somewhat lower figure.
The global dried onion market revenue expanded modestly to $2.8B in 2022, growing by 3.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.7% against 2020 indices. As a result, consumption reached the peak level of $3B. From 2021 to 2022, the growth of the global market failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (212K tons), the United States (156K tons) and India (64K tons), together accounting for 41% of global consumption. Pakistan, Italy, the UK, Canada, Germany, Iran, Saudi Arabia and Indonesia lagged somewhat behind, together accounting for a further 22%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Italy (with a CAGR of +33.4%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($580M), the United States ($472M) and India ($113M) were the countries with the highest levels of market value in 2022, with a combined 42% share of the global market. The UK, Pakistan, Italy, Canada, Germany, Saudi Arabia, Iran and Indonesia lagged somewhat behind, together comprising a further 20%.
Italy, with a CAGR of +33.4%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of dried onion per capita consumption in 2022 were Italy (739 kg per 1000 persons), Canada (602 kg per 1000 persons) and Saudi Arabia (527 kg per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Italy (with a CAGR of +33.5%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Dried Onions
Global dried onion production expanded notably to 1.1M tons in 2022, increasing by 6.3% on 2021 figures. In general, the total production indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. As a result, production reached the peak volume of 1.2M tons. From 2021 to 2022, global production growth remained at a lower figure.
In value terms, dried onion production rose rapidly to $2.9B in 2022 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.8% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 23% against the previous year. As a result, production reached the peak level of $2.9B; afterwards, it flattened through to 2022.
Production By Country
The countries with the highest volumes of production in 2022 were China (235K tons), the United States (176K tons) and India (156K tons), together comprising 51% of global production. Malaysia, Pakistan, Italy, Egypt, the UK, Iran, Saudi Arabia and Spain lagged somewhat behind, together accounting for a further 23%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Italy (with a CAGR of +44.3%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Dried Onions
After four years of growth, purchases abroad of dried onions decreased by -2.2% to 215K tons in 2022. The total import volume increased at an average annual rate of +3.9% 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 2020 with an increase of 18%. Over the period under review, global imports attained the maximum at 220K tons in 2021, and then dropped modestly in the following year.
In value terms, dried onion imports rose notably to $541M in 2022. In general, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.1% against 2018 indices. The pace of growth was the most pronounced in 2020 with an increase of 20%. Global imports peaked in 2022 and are likely to see gradual growth in the immediate term.
Imports By Country
The purchases of the twelve major importers of dried onions, namely Germany, Indonesia, the UK, the United Arab Emirates, the Netherlands, Brazil, the United States, Japan, Canada, Spain, Sweden and Hungary, represented more than half of total import. Russia (5.7K tons) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +25.5%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the largest dried onion importing markets worldwide were Germany ($62M), the UK ($36M) and Japan ($35M), together comprising 25% of global imports. Indonesia, the United States, the Netherlands, Canada, Brazil, Hungary, Sweden, Spain, Russia and the United Arab Emirates lagged somewhat behind, together accounting for a further 37%.
Among the main importing countries, Hungary, with a CAGR of +13.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average dried onion import price amounted to $2,512 per ton, growing by 7.4% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Japan ($4,452 per ton), while the United Arab Emirates ($492 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.4%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Dried Onions
In 2022, shipments abroad of dried onions increased by 15% to 269K tons, rising for the third year in a row after three years of decline. The total export volume increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 23%. The global exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, dried onion exports rose sharply to $525M in 2022. The total export value increased at an average annual rate of +4.4% 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 2020 when exports increased by 19% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
Exports By Country
In 2022, India (92K tons), distantly followed by Malaysia (52K tons), the United States (29K tons), China (23K tons), Egypt (20K tons) and Spain (13K tons) were the largest exporters of dried onions, together creating 85% of total exports. France (6.9K tons) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +32.6%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, the largest dried onion supplying countries worldwide were India ($168M), the United States ($90M) and China ($65M), with a combined 62% share of global exports. Egypt, France, Spain and Malaysia lagged somewhat behind, together accounting for a further 21%.
Malaysia, with a CAGR of +17.5%, saw the highest growth rate of 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 2022, the average dried onion export price amounted to $1,952 per ton, declining by -8.3% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 19% against the previous year. The global export price peaked at $2,129 per ton in 2021, and then contracted in the following year.
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 France ($3,203 per ton), while Malaysia ($277 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.7%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global dried onion market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10391330 - Dried onions, whole, cut, sliced, broken or in powder, but not further prepared
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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