Chile: Onion And Shallot Market 2024

Onion And Shallot Market Size in Chile

The Chilean onion and shallot market shrank to $X in 2022, which is down by -9.7% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Onion And Shallot Production in Chile

In value terms, onion and shallot production fell to $X in 2022 estimated in export price. In general, production saw a mild downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 48% against the previous year. Onion and shallot production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The average yield of onions and shallots in Chile stood at X tons per ha in 2022, therefore, remained relatively stable against 2021. In general, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 0.6% against the previous year. Over the period under review, the average onion and shallot yield hit record highs at X tons per ha in 2017; however, from 2018 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.

The onion and shallot harvested area in Chile declined slightly to X ha in 2022, with a decrease of -2.4% against the previous year's figure. The harvested area increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 11% against the previous year. The onion and shallot harvested area peaked at X ha in 2021, and then shrank slightly in the following year.

Onion And Shallot Exports

Exports from Chile

In 2022, exports of onions and shallots from Chile skyrocketed to X tons, jumping by 65% against the previous year's figure. Overall, exports posted a modest expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 110%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, onion and shallot exports surged to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 90% 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 immediate term.

Exports by Country

Brazil (X tons) was the main destination for onion and shallot exports from Chile, with a 58% 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 third position in this ranking was taken by the UK (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil totaled +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+2.5% per year) and the UK (-5.6% per year).

In value terms, Brazil ($X), Spain ($X) and the UK ($X) appeared to be the largest markets for onion and shallot exported from Chile worldwide, with a combined 83% share of total exports.

In terms of the main countries of destination, Brazil, with a CAGR of +23.5%, recorded the highest rates of growth with regard to the value of exports, 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, with a decrease of -12.7% against the previous year. In general, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2018 an increase of 38% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign 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 (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.

Onion And Shallot Imports

Imports into Chile

In 2022, after two years of growth, there was significant decline in supplies from abroad of onions and shallots, when their volume decreased by -15.6% to X tons. Over the period under review, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 327%. Imports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, onion and shallot imports dropped dramatically to $X in 2022. In general, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2013 with an increase of 455%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Peru (X tons) was the main onion and shallot supplier to Chile, with a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Peru amounted to +18.1%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from Peru stood at +15.6%.

Import Prices by Country

In 2022, the average onion and shallot import price amounted to $X per ton, with a decrease of -18.6% against the previous year. In general, the import price recorded a noticeable setback. The pace of growth appeared the most rapid in 2013 an increase of 30%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 -2.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :