Summary of the Onion And Shallot Market in Asia-Pacific
Collected
‘Asia-Pacific - Onion And Shallots - Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
The earnings of the onion and shallot market in Asia-Pacific amounted to $24.6B in 2018, increasing by 3.9% against the prior year. Driven by increasing demand for onion and shallot in Asia-Pacific, the marketplace is likely to continue an upward consumption trend over another decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.3% for the time from 2018 to 2030, which is projected to bring the marketplace volume to 77M tonnes by the finish of 2030.
Consumption by Country
The countries with the best volumes of onion and shallot consumption in 2018 were China (25M tonnes), India (20M tonnes) and Pakistan (2.1M tonnes), together comprising 80% of total consumption. South Korea, Bangladesh, Japan, Indonesia and Myanmar lagged somewhat behind, together comprising a further 15%.
From 2013 to 2018, the most notable rate of growth regarding onion and shallot consumption, amidst the key consuming countries, was attained by Bangladesh, while onion and shallot consumption for the other leaders experienced more modest paces of growth.
In value terms, China ($13.7B) led the market, alone. The next position in the ranking was occupied by India ($5.4B). It had been followed by Indonesia.
In 2018, the best levels of onion and shallot per capita consumption was registered in South Korea (40 kg per person), accompanied by Myanmar (18 kg per person), China (17 kg per person) and Japan (15 kg per person), while the world average per capita consumption of onion and shallot was estimated at 14 kg per person.
Production in Asia-Pacific
In 2018, how much onions and shallots produced in Asia-Pacific totaled 60M tonnes, approximately mirroring the prior year. The total output volume increased at an average gross annual rate of +2.5% from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed over the time under review. The overall positive trend when it comes to onion and shallot output was largely conditioned by a moderate expansion of the harvested area and a relatively flat trend pattern in yield figures.
In 2018, the onion and shallot harvested area amounted to 3.3M ha, as the average yield stood at 18 tonne per ha.
Production by Country
The countries with the highest volumes of onion and shallot production in 2018 were China (26M tonnes), India (22M tonnes) and Pakistan (2.1M tonnes), with a combined 84% share of total production. These countries were accompanied by South Korea, Bangladesh, Japan and Indonesia, which together accounted for a further 12%.
From 2013 to 2018, the most known rate of growth regarding onion and shallot production, between the main producing countries, was achieved by Bangladesh, while onion and shallot production for the other leaders experienced more modest paces of growth.
Exports in Asia-Pacific
In 2018, the exports of onions and shallots in Asia-Pacific amounted to 3M tonnes, approximately equating the prior year.
In value terms, onion and shallot exports totaled $1.1B (IndexBox estimates).
Exports by Country
India represented the most significant exporter of onions and shallots in Asia-Pacific, with the quantity of exports resulting at 1.7M tonnes, that was near 55% of total exports in 2018. It had been distantly accompanied by China (968K tonnes), creating a 32% share of total exports. New Zealand (134K tonnes), Pakistan (64K tonnes) and Afghanistan (62K tonnes) occupied a share of total exports.
From 2013 to 2018, the most known rate of growth when it comes to exports, amongst the primary exporting countries, was achieved by China, while exports for the other leaders experienced mixed trends in the exports figures.
In value terms, China ($564M), India ($420M) and New Zealand ($62M) were the countries with the best levels of exports in 2018, together comprising 93% of total exports.
Export Prices by Country
In 2018, the onion and shallot export price in Asia-Pacific amounted to $371 per tonne, heading down by -1.5% against the prior year. Overall, the onion and shallot export price continues to point a measured deduction. The growth pace was the most rapid in 2015 a rise of 41% against the previous year. For the reason that year, the export charges for onions and shallots attained their peak degree of $450 per tonne. From 2016 to 2018, the growth when it comes to the export charges for onions and shallots failed to regain its momentum.
Prices varied noticeably by the united states of origin; the country with the highest price was China ($583 per tonne), while Afghanistan ($167 per tonne) was between the lowest.
From 2013 to 2018, the most known rate of growth in conditions of prices was achieved by China, while the other leaders experienced mixed trends in the export price figures.
Source: https://www.globaltrademag.com