IndexBox just published a new report: ‘Germany – Dry Onions – Market Analysis, Forecast, Size, Trends and Insights’. The following is a summary of the main findings of this report.
In 2019, the German dry onion market finally increased to $ 53 million after two years of decline. Market value increases at an average annual rate of + 1.4% from 2009 to 2019; However, trend patterns remain consistent, with only small fluctuations observed during the analyzed period. The most prominent growth rate was recorded in 2014 when the market value increased by 25% yoy. Consumption of dried onions peaks in 2019 and is likely to see gradual growth in the near future.
Production in Germany
In 2019, dry onion production increased 4.2% to 5.7 thousand tons, rising for the fourth consecutive year after two years of decline. In general, production saw a remarkable increase. The most prominent growth rate was recorded in 2017 with an increase of 62% from year to year. Dry onion production peaked in 2019 and is expected to maintain growth in the near future.
In terms of value, dried onion production reaches $ 9.2 million in 2019 which is estimated at export prices. The total value of output increased at an average annual rate of + 1.3% over the period 2009-2019; However, trend patterns remain consistent, with rather visible fluctuations observed during the analyzed period. The most prominent growth rate was recorded in 2016 with an increase of 12% yoy. Dry onion production reached $ 9.5 million in 2013; however, from 2014 to 2019, production was somewhat lower.
Import to Germany
In 2019, overseas purchases of dried onions will eventually increase to 22 thousand tons after two years of decline. In terms of value, imports of dried onions quickly rose to $ 53 million (Estimated IndexBox) in 2019. Overall, imports recorded a relatively flat trend pattern. The growth rate was the most prominent in 2014 with an increase of 20% yoy. As a result, imports reached a peak of $ 66 million. From 2015 to 2019, import growth failed to regain momentum.
Import by Country
In 2019, India (8.2K tons) was the largest supplier of dried onions to Germany, with a 37% share of total imports. In addition, imports of dried onions from India exceeded the figures recorded by the second largest supplier, Egypt (3 thousand tons), tripling. China (2.8K tons) is ranked third in terms of total imports with a share of 12%.
From 2009 to 2019, the average annual growth rate was from India amounting to + 6.3%. The remaining suppliers recorded the following average annual import growth: Egypt (-7.7% per year) and China (+ 2.6% per year).
In terms of value, suppliers of dry dried onions to Germany are India ($ 15 million), China ($ 8.8 million), and Egypt ($ 7.6 million), together comprising 59% of total imports. US, UK, France, and the Netherlands lags somewhat, together consisting of a further 26%.
In the case of major suppliers, the UK recorded the highest growth rate with respect to import values, during the period under review, while purchases for other leaders experienced simpler growth steps.
Import Prices by Country
In 2019, the average price of imported dried shallots was $ 2,356 per ton, an increase of 7.1% over the previous year. In general, import prices recorded a slight decline. The growth rate was the fastest in 2013, increasing 12% year on year. During the review period, the average import price reached a maximum of $ 2,861 per ton in 2011; However, from 2012 to 2019, import prices have remained lower.
There are significant differences in average prices between the main supplier countries. In 2019, the country with the highest price is the US ($ 3,202 per ton), while the price for India ($ 1,780 per ton) is among the lowest.
From 2009 to 2019, the most prominent growth rates in terms of prices were achieved by the US, while prices for other major suppliers experienced simpler growth steps.
Source: IndexBox AI platform
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