Chile: Onion And Shallot Market 2024

Onion And Shallot Market Size in Chile

The Chilean onion and shallot market dropped to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Onion And Shallot Production in Chile

In value terms, onion and shallot production contracted to $X in 2022 estimated in export price. Overall, production, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. Onion and shallot production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average onion and shallot yield in Chile shrank to X tons per ha, remaining stable against the previous year's figure. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The onion and shallot yield peaked at X tons per ha in 2017; however, from 2018 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 in Chile; approximately reflecting 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to onion and shallot production attained the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

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Onion And Shallot Exports

Exports from Chile

Onion and shallot exports from Chile skyrocketed to X tons in 2022, picking up by X% compared with the previous year. Overall, exports posted slight growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, onion and shallot exports soared to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Brazil (X tons) was the main destination for onion and shallot exports from Chile, with a X% share of total exports. Moreover, onion and shallot exports to Brazil exceeded the volume sent to the second major destination, Spain (X tons), fourfold. The UK (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and the UK (X% per year).

In value terms, the largest markets for onion and shallot exported from Chile were Brazil ($X), Spain ($X) and the UK ($X), with a combined X% share of total exports.

Brazil, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average onion and shallot export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Onion And Shallot Imports

Imports into Chile

After two years of growth, overseas purchases of onion and shallot decreased by X% to X tons in 2022. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank significantly in the following year.

In value terms, onion and shallot imports fell remarkably to $X in 2022. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Peru (X tons) was the main supplier of onion and shallot to Chile, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Peru totaled X%.

In value terms, Peru ($X) constituted the largest supplier of onion and shallot to Chile.

From 2012 to 2022, the average annual rate of growth in terms of value from Peru stood at X%.

Import Prices by Country

In 2022, the average onion and shallot import price amounted to $X per ton, declining by X% against the previous year. In general, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to X% per year.

Source: IndexBox Platform

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