Latin America and the Caribbean: Onion And Shallot Market 2024

Onion And Shallot Market Size in Latin America and the Caribbean

The Latin American onion and shallot market expanded to $X in 2022, picking up by X% against the previous year. 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 likely to see steady growth in the near future.

Onion And Shallot Production in Latin America and the Caribbean

In value terms, onion and shallot production totaled $X in 2022 estimated in export price. The total production indicated tangible growth 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

The countries with the highest volumes of production in 2022 were Mexico (X tons), Brazil (X tons) and Argentina (X tons), with a combined X% share of total production. Colombia, Peru, Chile and Venezuela lagged somewhat behind, together accounting for a further X%.

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

In 2022, the average yield of onion and shallot in Latin America and the Caribbean contracted to X tons per ha, remaining relatively unchanged against the previous year. Over the period under review, the yield, however, showed a relatively flat trend pattern. 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 onion and shallot yield attained the peak level at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a 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 Latin America and the Caribbean; therefore, remained relatively stable against 2021. In general, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area stood at a somewhat lower figure.

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Onion And Shallot Exports

Exports in Latin America and the Caribbean

In 2022, the amount of onion and shallot exported in Latin America and the Caribbean expanded to X tons, surging by X% compared with the year before. Total exports indicated a moderate 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, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when exports increased by X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, onion and shallot exports rose remarkably to $X in 2022. The total export value 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 was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Mexico (X tons) was the main exporter of onion and shallot, making up X% of total exports. Peru (X tons) took the second position in the ranking, distantly followed by Argentina (X tons). All these countries together took near X% share of total exports. Chile (X tons), Brazil (X tons) and Guatemala (X tons) followed a long way behind the leaders.

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

From 2012 to 2022, the average annual growth rate of value in Mexico stood at X%. In the other countries, the average annual rates were as follows: Peru (X% per year) and Argentina (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

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

Onion And Shallot Imports

Imports in Latin America and the Caribbean

In 2022, imports of onion and shallot in Latin America and the Caribbean expanded significantly to X tons, with an increase of X% against the previous year. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, onion and shallot imports surged to $X in 2022. Total imports indicated a noticeable 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, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. 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, Brazil (X tons), distantly followed by Colombia (X tons), Mexico (X tons), Paraguay (X tons), El Salvador (X tons) and Chile (X tons) represented the main importers of onion and shallot, together constituting X% of total imports. Nicaragua (X tons), the Dominican Republic (X tons), Haiti (X tons), Argentina (X tons), Honduras (X tons), Trinidad and Tobago (X tons) and Guatemala (X tons) took a little share of total imports.

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

In value terms, Brazil ($X), Mexico ($X) and Colombia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Nicaragua, Argentina, the Dominican Republic, El Salvador, Paraguay, Honduras, Trinidad and Tobago, Haiti, Guatemala and Chile lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Argentina, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain 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 Argentina ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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