Asia-Pacific: Onion And Shallot Market 2024

Onion And Shallot Market Size in Asia-Pacific

For the sixth consecutive year, the Asia-Pacific onion and shallot market recorded growth in sales value, which increased by X% to $X in 2022. 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. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Onion And Shallot Production in Asia-Pacific

In value terms, onion and shallot production dropped slightly to $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 in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were India (X tons), China (X tons) and Pakistan (X tons), together comprising X% of total production. Bangladesh, Japan, Indonesia and South Korea lagged somewhat behind, together accounting for a further X%.

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

In 2022, the average onion and shallot yield in Asia-Pacific dropped slightly to X tons per ha, flattening at the previous year's figure. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. Over the period under review, the onion and shallot yield hit record highs at X tons per ha in 2019; however, from 2020 to 2022, the 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.

In 2022, the total area harvested in terms of onion and shallot production in Asia-Pacific expanded modestly to X ha, growing by X% compared with the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha; afterwards, it flattened through to 2022.

Onion And Shallot Exports

Exports in Asia-Pacific

In 2022, approx. X tons of onion and shallot were exported in Asia-Pacific; growing by X% against 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 pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, onion and shallot exports rose remarkably to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

India was the major exporter of onion and shallot in Asia-Pacific, with the volume of exports recording X tons, which was near X% of total exports in 2022. China (X tons) held the second position in the ranking, distantly followed by Afghanistan (X tons). All these countries together held near X% share of total exports. The following exporters - New Zealand (X tons) and Pakistan (X tons) - each finished at a X% share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Afghanistan (X%), Pakistan (X%) and China (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. New Zealand experienced a relatively flat trend pattern. While the share of Afghanistan (X p.p.) and Pakistan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), India ($X) and New Zealand ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Pakistan and Afghanistan lagged somewhat behind, together accounting for a further X%.

Afghanistan, with a CAGR of X%, 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 leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

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

Onion And Shallot Imports

Imports in Asia-Pacific

Onion and shallot imports soared to X tons in 2022, picking up by X% against 2021 figures. Total imports indicated a strong increase from 2012 to 2022: its volume 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. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, onion and shallot imports soared to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

The purchases of the three major importers of onion and shallot, namely Bangladesh, Malaysia and Pakistan, represented more than half of total import. Japan (X tons) held the next position in the ranking, followed by Sri Lanka (X tons), Indonesia (X tons) and Nepal (X tons). All these countries together held near X% share of total imports.

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

In value terms, the largest onion and shallot importing markets in Asia-Pacific were Malaysia ($X), Japan ($X) and Bangladesh ($X), with a combined X% share of total imports.

Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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