Eastern Asia: Dried Onion Market 2024

Dried Onion Market Size in Eastern Asia

After two years of growth, the East Asian dried onion market decreased by -7.7% to $X in 2021. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +4.8% against 2017 indices. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Dried Onion Production in Eastern Asia

In value terms, dried onion production reduced to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +8.8% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of 23% against the previous year. The level of production peaked at $X in 2020, and then dropped in the following year.

Dried Onion Exports

Exports in Eastern Asia

In 2021, overseas shipments of dried onions increased by 0.9% to X tons, rising for the fourth consecutive year after four years of decline. In general, exports saw temperate growth. The pace of growth was the most pronounced in 2020 when exports increased by 75%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, dried onion exports totaled $X in 2021. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 82% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

In 2021, China (X tons) represented the main exporter of dried onions in Eastern Asia, committing 100% of total export.

China was also the fastest-growing in terms of the dried onions exports, with a CAGR of +4.8% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest dried onion supplier in Eastern Asia.

In China, dried onion exports expanded at an average annual rate of +5.6% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, growing by 4.6% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 16%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +0.8% per year.

Dried Onion Imports

Imports in Eastern Asia

Dried onion imports expanded to X tons in 2021, growing by 4.1% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 17% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, dried onion imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 25%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Japan represented the main importer of dried onions in Eastern Asia, with the volume of imports accounting for X tons, which was approx. 75% of total imports in 2021. It was distantly followed by South Korea (X tons) and Taiwan (Chinese) (X tons), together committing a 22% share of total imports. China (X tons) followed a long way behind the leaders.

Imports into Japan increased at an average annual rate of +2.1% from 2012 to 2021. At the same time, Taiwan (Chinese) (+3.8%), China (+3.2%) and South Korea (+2.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +3.8% from 2012-2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported dried onions in Eastern Asia, comprising 81% of total imports. The second position in the ranking was held by South Korea ($X), with a 13% share of total imports. It was followed by Taiwan (Chinese), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan totaled +3.7%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+5.8% per year) and Taiwan (Chinese) (+8.7% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, increasing by 1.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2014 an increase of 7.4%. The level of import peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :