Colombia - Dried Onions - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDried Onion Price in Colombia - 2022
Contents:
- Dried Onion Price in Colombia (CIF) - 2022
- Dried Onion Price in Colombia (FOB) - 2022
- Dried Onion Imports in Colombia
- Dried Onion Exports in Colombia
Dried Onion Price in Colombia (CIF) - 2022
The average dried onion import price stood at $2,862 per ton in February 2022, increasing by 4% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2021 when the average import price increased by 47% m-o-m. As a result, import price attained the peak level of $3,684 per ton. From September 2021 to February 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($6,643 per ton), while the price for China ($2,665 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by India (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Dried Onion Price in Colombia (FOB) - 2022
In 2022, the average dried onion export price amounted to $2,954 per ton, waning by -31.9% against the previous year. Overall, the export price showed a noticeable setback. The growth pace was the most rapid in 2021 when the average export price increased by 62%. As a result, the export price reached the peak level of $4,338 per ton, and then reduced dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($7,979 per ton), while the average price for exports to Aruba amounted to $981 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.
Dried Onion Imports in Colombia
In 2022, after three years of growth, there was decline in overseas purchases of dried onions, when their volume decreased by -3% to 1.1K tons. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year.
In value terms, dried onion imports fell to $2.6M in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 29%. As a result, imports reached the peak of $2.9M, and then shrank in the following year.
| Import of Dried Onion in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 902 | 1,086 | 1,338 | 1,197 | 9.9% |
| Spain | 526 | 546 | 891 | 798 | 14.9% |
| India | 495 | 373 | 337 | 354 | -10.6% |
| United States | 133 | 132 | 176 | 158 | 5.9% |
| Egypt | N/A | 107 | 44.6 | N/A | -58.3% |
| Others | 91.8 | 12.4 | 115 | 72.3 | -7.7% |
| Total | 2,147 | 2,257 | 2,902 | 2,580 | 6.3% |
Top Suppliers of Dried Onion to Colombia in 2022:
- China (544.9 tons)
- Spain (298.4 tons)
- India (182.9 tons)
- United States (28.4 tons)
Dried Onion Exports in Colombia
In 2022, the amount of dried onions exported from Colombia soared to 9.6 tons, with an increase of 161% compared with 2021. Overall, exports, however, showed a slight decrease.
In value terms, dried onion exports skyrocketed to $28K in 2022. Over the period under review, exports, however, recorded a abrupt slump.
| Export of Dried Onion in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 7.2 | 2.7 | 1.7 | 21.6 | 44.2% |
| Aruba | 0.5 | 0.2 | 1.1 | 6.8 | 138.7% |
| Ecuador | N/A | 11.9 | N/A | N/A | 0% |
| Dominican Republic | N/A | 23.9 | N/A | N/A | 0% |
| Guatemala | 23.0 | N/A | N/A | N/A | 0% |
| Costa Rica | N/A | N/A | 13.2 | N/A | 0% |
| Curacao | 2.9 | 0.9 | N/A | N/A | -69.0% |
| Others | N/A | 1.1 | N/A | N/A | 0% |
| Total | 33.5 | 40.8 | 15.9 | 28.4 | -5.4% |
Top Export Markets for Dried Onion from Colombia in 2022:
- Aruba (6.9 tons)
- Panama (2.7 tons)
This report provides an in-depth analysis of the dried onion market in Colombia. 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:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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
-
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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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520
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Global trade in dried onion intensified to $444M. India, the U.S., and Spain are the leading suppliers of dried onion, while Germany, the UK, and Japan constitute the major importers.
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Global dry vegetable exports reached $2B in 2020. China remains the largest supplier of dry vegetables worldwide and continues to expand its exports. India and the U.S. keep pace with the leader, emerging as the fastest-growing exporters. Last year, the U.S., Germany and Brazil constituted key markets for dry vegetables exported from China. India sent most of the exports to Nepal, Germany and the U.S. Near 42% of supplies from the U.S. were intended for Canada, Mexico and Japan.
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