Turkey: Dried Onion Market 2024

Dried Onion Market Size in Turkey

The Turkish dried onion market totaled $X in 2021, picking up by 6.8% 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, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.4% against 2018 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Dried Onion Exports

Exports from Turkey

In 2021, shipments abroad of dried onions was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2016 with an increase of 968% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, dried onion exports skyrocketed to $X in 2021. In general, exports showed a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 499%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X tons), the Netherlands (X tons) and Azerbaijan (X tons) were the main destinations of dried onion exports from Turkey, together accounting for 60% of total exports.

From 2012 to 2021, the biggest increases were in Azerbaijan (with a CAGR of +126.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dried onion exported from Turkey were Azerbaijan ($X), the Netherlands ($X) and Canada ($X), with a combined 54% share of total exports.

Among the main countries of destination, Azerbaijan, with a CAGR of +82.7%, 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

In 2021, the average dried onion export price amounted to $X per ton, reducing by -3.8% against the previous year. Over the period under review, the export price, however, showed slight growth. The pace of growth was the most pronounced in 2020 an increase of 110%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to Syrian Arab Republic ($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 India (+14.4%), while the prices for the other major destinations experienced a decline.

Dried Onion Imports

Imports into Turkey

In 2021, overseas purchases of dried onions increased by 2.5% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports posted a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 23% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, dried onion imports expanded notably to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +46.2% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 27%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, India (X tons) constituted the largest dried onion supplier to Turkey, with a 59% share of total imports. Moreover, dried onion imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +36.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.1% per year) and Spain (+13.4% per year).

In value terms, India ($X) constituted the largest supplier of dried onion to Turkey, comprising 50% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Spain, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +32.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.2% per year) and Spain (+11.6% per year).

Import Prices by Country

In 2021, the average dried onion import price amounted to $X per ton, with an increase of 5.9% against the previous year. In general, the import price, however, saw a mild curtailment. The growth pace was the most rapid in 2013 an increase of 14%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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