Greece: Onion And Shallot Market 2024

Onion And Shallot Market Size in Greece

In 2022, the Greek onion and shallot market increased by 4.1% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a relatively flat trend pattern. Onion and shallot consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Onion And Shallot Production in Greece

In value terms, onion and shallot production fell modestly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 62% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of onions and shallots in Greece expanded markedly to X tons per ha in 2022, growing by 8.5% against the year before. The yield figure increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the yield increased by 12%. Over the period under review, the average onion and shallot yield attained the maximum level at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the onion and shallot harvested area in Greece was estimated at X ha, picking up by 8% on 2021 figures. Overall, the harvested area, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 21%. Over the period under review, the harvested area dedicated to onion and shallot production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Onion And Shallot Exports

Exports from Greece

In 2022, exports of onions and shallots from Greece reduced sharply to X tons, with a decrease of -55.7% against the year before. Overall, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 209% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, onion and shallot exports fell markedly to $X in 2022. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 237%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Romania (X tons), Bulgaria (X tons) and Cyprus (X tons) were the main destinations of onion and shallot exports from Greece, with a combined 60% share of total exports. Germany, Hungary, the UK and Poland lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +64.5%), while the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X), the UK ($X) and Germany ($X) constituted the largest markets for onion and shallot exported from Greece worldwide, with a combined 53% share of total exports. Romania, Hungary, Bulgaria and Poland lagged somewhat behind, together accounting for a further 42%.

Among the main countries of destination, Hungary, with a CAGR of +67.5%, recorded the highest growth rate of 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

The average onion and shallot export price stood at $X per ton in 2022, with an increase of 34% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 42% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Bulgaria ($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 Poland (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Onion And Shallot Imports

Imports into Greece

In 2022, supplies from abroad of onions and shallots decreased by -16.2% to X tons, falling for the third year in a row after two years of growth. In general, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 267%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, onion and shallot imports contracted rapidly to $X in 2022. Overall, imports, however, posted a temperate increase. The growth pace was the most rapid in 2019 with an increase of 216%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Austria (X tons) constituted the largest supplier of onion and shallot to Greece, accounting for a 61% share of total imports. Moreover, onion and shallot imports from Austria exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. France (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from Austria amounted to +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.5% per year) and France (+30.8% per year).

In value terms, Austria ($X) constituted the largest supplier of onions and shallots to Greece, comprising 46% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 18% share of total imports. It was followed by Germany, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from Austria totaled +24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.3% per year) and Germany (-10.7% per year).

Import Prices by Country

In 2022, the average onion and shallot import price amounted to $X per ton, shrinking by -9.7% against the previous year. Over the period under review, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2016 an increase of 8.5% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :