IndexBox platform published a new report “Germany. Dried onion. Market analysis, forecast, size, trends and ideas. ” The following is a summary of the main findings of the report.
In 2019, the German dried onion market finally rose to $ 53 million after two years of decline. From 2009 to 2019, the market value grew on average by 1,4% year on year, however, the trend remained unchanged, and only slight fluctuations were observed throughout the analyzed period. The most noticeable growth rates were recorded in 2014, when the market value grew by 25% compared to the same period last year. Dried onion consumption peaked in 2019 and is likely to grow gradually in the near future.
Production in Germany
In 2019, dried onion production increased by 4,2% to 5,7 thousand tons. Production grew four years in a row after a two-year decline. The most notable growth rates were recorded in 2017 with an increase of 62% year on year. Dried onion production peaked in 2019 and is expected to maintain growth in the near future.
In value terms, dried onion production in 2019 amounted to $ 9,2 million at export prices. Over the period from 2009 to 2019, the total cost of production increased by an average of 1,3% year on year, however, the trend remained unchanged, although significant fluctuations were observed throughout the analyzed period. The most noticeable price growth rates were recorded in 2016 (an increase of 12% compared to the same period last year).
Import to Germany
In 2019, the volume of foreign purchases of dried onions increased and reached 22 thousand tons after a two-year decline. In value terms, dried onion imports quickly grew to $ 53 million (according to IndexBox estimates) in 2019.
Growth rates were most pronounced in 2014 with an increase of 20% compared to the same period last year, as a result of which imports peaked at $ 66 million. From 2015 to 2019, import growth was not able to restore the momentum.
Import by country
In 2019, India became the largest supplier of dried onions to Germany, its share (8,2 thousand tons) in total imports amounted to 37%. Egypt followed (3 thousand tons). China (2,8 thousand tons) took third place in total imports with a share of 12%.
From 2009 to 2019, the average annual growth rate of volumes from India was + 6,3%. The remaining supplying countries showed the following average annual growth rates of imports: Egypt (-7,7% per year) and China (+ 2,6% per year).
In value terms, the largest suppliers of dried onions to Germany were India ($ 15 million), China ($ 8,8 million) and Egypt ($ 7,6 million), which together accounted for 59% of total imports. The United States, Britain, France and the Netherlands are slightly behind, accounting for another 26%.
At the same time, the UK showed the highest growth rates in the value of imports for the period under review.
In 2019, the average price per ton of imported dried onions amounted to $ 2356, which is 7,1% higher compared to the previous year.
The growth rate was the fastest in 2013, an increase of 12% year on year. During the period under review, average import prices peaked at $ 2861 per tonne in 2011, but from 2012 to 2019, import prices remained at a lower level.
Significant differences in average prices were observed between the main supplying countries. In 2019, batches were delivered by the United States at the highest price ($ 3202 per ton), and India ($ 1780 per ton) at the lowest.