U.S.: Onion And Shallot Market 2024

Onion And Shallot Market Size in the U.S.

In 2022, the U.S. onion and shallot market increased by 1% to $X, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Onion And Shallot Production in the U.S.

In value terms, onion and shallot production reached $X in 2022. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 12%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

In 2022, the average onion and shallot yield in the United States expanded sharply to X tons per ha, growing by 6% against the year before. Over the period under review, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 13%. Over the period under review, the average onion and shallot yield attained the maximum level at X tons per ha in 2016; however, from 2017 to 2022, the yield remained at a 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, the harvested area of onions and shallots in the United States shrank modestly to X ha, with a decrease of -1.8% compared with 2021. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 11%. 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 the U.S.

In 2022, shipments abroad of onions and shallots decreased by -7.5% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 12%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, onion and shallot exports soared to $X in 2022. The total export value increased at an average annual rate of +4.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 24%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Canada (X tons) was the main destination for onion and shallot exports from the United States, with a 69% share of total exports. Moreover, onion and shallot exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+9.1% per year) and Taiwan (Chinese) (-20.3% per year).

In value terms, Canada ($X) remains the key foreign market for onions and shallots exports from the United States, comprising 76% of total exports. The second position in the ranking was held by Mexico ($X), with a 16% share of total exports. It was followed by the UK, with a 1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada totaled +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+12.9% per year) and the UK (-15.3% per year).

Export Prices by Country

In 2022, the average onion and shallot export price amounted to $X per ton, picking up by 34% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Taiwan (Chinese) (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Onion And Shallot Imports

Imports into the U.S.

In 2022, after two years of growth, there was decline in supplies from abroad of onions and shallots, when their volume decreased by -0.6% to X tons. The total import volume increased at an average annual rate of +5.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, onion and shallot imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +6.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons) constituted the largest onion and shallot supplier to the United States, accounting for a 59% share of total imports. Moreover, onion and shallot imports from Mexico exceeded the figures recorded by the second-largest supplier, Peru (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Mexico stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+6.9% per year) and Canada (+8.2% per year).

In value terms, Mexico ($X) constituted the largest supplier of onions and shallots to the United States, comprising 68% of total imports. The second position in the ranking was taken by Canada ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Mexico totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+13.4% per year) and Peru (+4.0% per year).

Import Prices by Country

The average onion and shallot import price stood at $X per ton in 2022, with an increase of 5.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 21% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average 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 Canada ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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