Egypt exports near-record volume of onions to UK

Published 2023년 6월 22일

Tridge summary

During the first nine months of the 2022/23 season, Egypt's onion exports to the UK reached 19.4 thousand tons, marking almost record levels and reflecting similar market conditions to the 2018/19 season when European onion production was affected by drought. The peak export period for Egyptian onions is May-July. The devaluation of the Egyptian pound has made Egyptian products more competitive in export markets, potentially leading to increased exports this season. The UK is a major global importer of onions, with annual imports ranging from 250-370 thousand tons. The market is concentrated, with the top four supplier countries contributing up to 90% of total imports.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the first nine months of the 2022/23 season (August-July), Egypt was able to supply 19.4 thousand tons of onions to the UK market. Such a volume of exports turned out to be almost a record for this period of time, but the final results of the current export season can only be summed up at the end of July, according to EastFruit. 19.4 thousand tons of Egyptian onions exported to the UK is almost the same volume that was delivered back in the 2018/19 season, when the European market was in a situation similar to the current one. Recall that at that time the European production of onion also suffered greatly from the drought, prices were breaking records, and suppliers of products from non-European regions (Egypt, Turkey, Central Asian countries, etc.) were able to significantly increase exports. At the moment, the current season largely repeats the scenario of the 2018/19 season, and Egypt has excellent chances, if not to achieve the previous result of onion exports to the UK ...

Source: Eastfruit