Peruvian onion took advantage of the opportunity in the European market

Published 2024년 1월 6일

Tridge summary

Despite a decrease in volume and value, the increase in price of Peruvian onions by 11% reflected a growing demand in Europe. The United States remained the largest buyer of Peruvian onions, with Spain and Colombia following as the second and third largest buyers, respectively. However, Spain saw a significant increase in volume and value of onion imports from Peru, leading to a rise in price in the European market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the final months of last year, fresh onion shipments were slightly favored, due to the increase in European demand for onions and the export ban of one of its main suppliers: Egypt. This would have generated an opportunity for the Peruvian onion to gain greater participation and in turn be able to demonstrate its quality. From January to November of last year, Peruvian onion shipments totaled 227,273 tons for US$91 million, which was 12% lower in volume and 2% lower in value, thus reflecting the increase in the price of the product by 11%. with respect to 2022. Regarding the destinations of the Peruvian onion, due to the events that occurred in Egypt and the increase in European demand, Spain became an important buyer in this period, managing to go from third to second place. First, the United States repositioned itself, with a 58% share and a total acquired of 110,698 tons for US$53 million, thus reflecting a drop in both volume and value of 24% and 16%, respectively. ...

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