New Zealand: Onion And Shallot Market 2024

Onion And Shallot Market Size in New Zealand

In 2022, the New Zealand onion and shallot market increased by 4.2% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a slight curtailment. Onion and shallot consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Onion And Shallot Production in New Zealand

In value terms, onion and shallot production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -22.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 51%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In 2022, the average onion and shallot yield in New Zealand dropped to X tons per ha, approximately equating 2021. Overall, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 24% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the average onion and shallot yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of onions and shallots were harvested in New Zealand; leveling off at the previous year's figure. In general, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the harvested area increased by 12%. The onion and shallot harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

Onion And Shallot Exports

Exports from New Zealand

In 2022, shipments abroad of onions and shallots decreased by -2.4% to X tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when exports increased by 32%. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, onion and shallot exports surged to $X in 2022. Overall, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2019 with an increase of 84% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

Indonesia (X tons), Germany (X tons) and Taiwan (Chinese) (X tons) were the main destinations of onion and shallot exports from New Zealand, with a combined 46% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +19.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for onion and shallot exported from New Zealand were Indonesia ($X), Germany ($X) and Taiwan (Chinese) ($X), together comprising 44% of total exports.

Taiwan (Chinese), with a CAGR of +20.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, picking up by 22% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, onion and shallot export price decreased by -4.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 ($X per ton), while the average price for exports to Malaysia ($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 the UK (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Onion And Shallot Imports

Imports into New Zealand

In 2022, purchases abroad of onions and shallots was finally on the rise to reach X tons after three years of decline. Overall, imports recorded a strong expansion. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, onion and shallot imports surged to $X in 2022. In general, imports continue to indicate a prominent expansion. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) was the main onion and shallot supplier to New Zealand, with a 94% share of total imports. Moreover, onion and shallot imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +5.4%.

In value terms, the United States ($X) constituted the largest supplier of onions and shallots to New Zealand, comprising 95% of total imports. The second position in the ranking was taken by China ($X), with a 1.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +12.4%.

Import Prices by Country

The average onion and shallot import price stood at $X per ton in 2022, rising by 26% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2018 an increase of 73%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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