Philippines: Dried Onion Market 2025

Dried Onion Market Size in the Philippines

The Philippine dried onion market rose sharply to $X in 2021, increasing by 8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a significant increase. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in years to come.

Dried Onion Exports

Exports from the Philippines

In 2021, shipments abroad of dried onions increased by 45% to X tons, rising for the third consecutive year after four years of decline. Over the period under review, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 82%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, dried onion exports skyrocketed to $X in 2021. Overall, exports, however, faced a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 102% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Papua New Guinea (X tons), Thailand (X kg) and China (X kg) were the main destinations of dried onion exports from the Philippines, together accounting for 90% of total exports.

From 2012 to 2021, the biggest increases were in Papua New Guinea (with a CAGR of +17.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dried onion exported from the Philippines were Thailand ($X), Papua New Guinea ($X) and Canada ($X), together comprising 81% of total exports.

Papua New Guinea, with a CAGR of +19.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average dried onion export price amounted to $X per ton, surging by 3.4% against the previous year. In general, the export price, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2016 when the average export price increased by 35%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Dried Onion Imports

Imports into the Philippines

In 2021, approx. X tons of dried onions were imported into the Philippines; with an increase of 7.6% compared with the previous year. In general, imports showed a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 63% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, dried onion imports expanded remarkably to $X in 2021. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 70% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest dried onion supplier to the Philippines, accounting for a 53% share of total imports. Moreover, dried onion imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. India (X tons) ranked third in terms of total imports with a 21% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+22.2% per year) and India (+14.5% per year).

In value terms, the largest dried onion suppliers to the Philippines were China ($X), the United States ($X) and India ($X), together accounting for 95% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +23.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average dried onion import price amounted to $X per ton, remaining constant against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 8.7% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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