Latin America and the Caribbean: Dried Onion Market 2024

Dried Onion Market Size in Latin America and the Caribbean

The Latin American dried onion market rose to $X in 2022, increasing by X% against the previous year. In general, consumption posted a prominent increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Dried Onion Production in Latin America and the Caribbean

In value terms, dried onion production rose rapidly to $X in 2022 estimated in export price. Overall, production enjoyed resilient growth. The growth pace was the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Dried Onion Exports

Exports in Latin America and the Caribbean

Dried onion exports expanded modestly to X tons in 2022, surging by X% against the previous year's figure. Overall, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, dried onion exports dropped to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Brazil (X tons) and Mexico (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Costa Rica (X tons), Guatemala (X tons) and Chile (X tons), together mixing up a X% share of total exports. The following exporters - Ecuador (X tons) and Peru (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X) remains the largest dried onion supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ecuador amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (X% per year) and Peru (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

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

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

Dried Onion Imports

Imports in Latin America and the Caribbean

After ten years of growth, overseas purchases of dried onions decreased by X% to X tons in 2022. Total imports indicated a prominent 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 2012 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. The volume of import peaked at X tons in 2021, and then declined slightly in the following year.

In value terms, dried onion imports expanded slightly to $X in 2022. Over the period under review, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Brazil was the largest importer of dried onions in Latin America and the Caribbean, with the volume of imports recording X tons, which was near X% of total imports in 2022. Mexico (X tons) took the second position in the ranking, followed by Guatemala (X tons) and Colombia (X tons). All these countries together held near X% share of total imports. The Dominican Republic (X tons), Argentina (X tons), Chile (X tons), El Salvador (X tons) and Costa Rica (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the dried onions imports, with a CAGR of X% from 2012 to 2022. At the same time, Costa Rica (X%), the Dominican Republic (X%), Mexico (X%), Guatemala (X%), Argentina (X%), Colombia (X%) and El Salvador (X%) displayed positive paces of growth. Chile experienced a relatively flat trend pattern. From 2012 to 2022, the share of Brazil increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported dried onions in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Guatemala, with a X% share.

In Brazil, dried onion imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Guatemala (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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