Venezuela: Onion And Shallot Market 2025

Onion And Shallot Market Size in Venezuela

After three years of growth, the Venezuelan onion and shallot market decreased by -0.7% to $X in 2022. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Onion And Shallot Production in Venezuela

In value terms, onion and shallot production stood at $X in 2022 estimated in export price. Overall, production, however, saw a strong increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 141%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of onions and shallots in Venezuela amounted to X tons per ha, standing approx. at 2021. In general, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by 7.1% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the average onion and shallot 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.

The onion and shallot harvested area in Venezuela contracted modestly to X ha in 2022, with a decrease of -2.9% compared with the year before. The harvested area increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 21%. The onion and shallot harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area stood at a somewhat lower figure.

Onion And Shallot Exports

Exports from Venezuela

After two years of decline, shipments abroad of onions and shallots decreased by 0% to X tons in 2022. In general, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2019 when exports increased by 513%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, onion and shallot exports amounted to $X in 2022. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 466% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Aruba (X tons) was the main destination for onion and shallot exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Aruba stood at -11.4%.

In value terms, Aruba ($X) also remains the key foreign market for onions and shallots exports from Venezuela.

From 2012 to 2022, the average annual growth rate of value to Aruba totaled -8.1%.

Export Prices by Country

In 2022, the average onion and shallot export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +0.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 138%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Aruba.

From 2012 to 2022, the rate of growth in terms of prices for Aruba amounted to +3.7% per year.

Onion And Shallot Imports

Imports into Venezuela

In 2022, after eight years of decline, there was significant growth in supplies from abroad of onions and shallots, when their volume increased by 175% to X tons. Overall, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2013 when imports increased by 221%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, onion and shallot imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 210%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Peru (X tons) was the main onion and shallot supplier to Venezuela, with a 95% share of total imports. Moreover, onion and shallot imports from Peru exceeded the figures recorded by the second-largest supplier, Trinidad and Tobago (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Peru was relatively modest.

In value terms, Peru ($X) constituted the largest supplier of onions and shallots to Venezuela, comprising 81% of total imports. The second position in the ranking was taken by Trinidad and Tobago ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Peru amounted to +1.5%.

Import Prices by Country

In 2022, the average onion and shallot import price amounted to $X per ton, which is down by -14.3% against the previous year. Overall, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of 21% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Trinidad and Tobago ($X per ton), while the price for Peru totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+5.5%).

Source: IndexBox Platform

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