ECOWAS: Onion And Shallot Market 2024

Onion And Shallot Market Size in ECOWAS

The ECOWAS onion and shallot market rose markedly to $X in 2022, surging by X% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Onion And Shallot Production in ECOWAS

In value terms, onion and shallot production dropped to $X in 2022 estimated in export price. In general, production showed a resilient expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Nigeria (X tons), Niger (X tons) and Mali (X tons), together accounting for X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Niger (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average onion and shallot yield fell modestly to X tons per ha in 2022, standing approx. at the previous year's figure. Overall, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the yield increased by X%. Over the period under review, the 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 onion and shallot harvested area in ECOWAS was estimated at X ha, surging by X% against 2021 figures. The total harvested area indicated a buoyant expansion from 2012 to 2022: its figure increased at an average annual rate of X% 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 harvested area decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the harvested area dedicated to onion and shallot production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Onion And Shallot Exports

Exports in ECOWAS

Onion and shallot exports plummeted to X tons in 2022, which is down by X% against the year before. Over the period under review, exports recorded a pronounced decline. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then declined markedly in the following year.

In value terms, onion and shallot exports shrank sharply to $X in 2022. Overall, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The level of export peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

Niger represented the largest exporter of onion and shallot in ECOWAS, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Senegal (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Burkina Faso (X%) and Cote d'Ivoire (X%). The following exporters - Nigeria (X tons) and Ghana (X tons) - each amounted to a X% share of total exports.

Exports from Niger decreased at an average annual rate of X% from 2012 to 2022. At the same time, Nigeria (X%), Senegal (X%), Cote d'Ivoire (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Burkina Faso (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.), Cote d'Ivoire (X p.p.), Nigeria (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Burkina Faso (X p.p.) and Niger (X p.p.) displayed negative dynamics.

In value terms, Senegal ($X), Niger ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Burkina Faso, Ghana and Nigeria lagged somewhat behind, together accounting for a further X%.

Nigeria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, rising by X% against the previous year. Overall, the export price showed a strong expansion. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (X%), while the other leaders experienced more modest paces of growth.

Onion And Shallot Imports

Imports in ECOWAS

Onion and shallot imports was estimated at X tons in 2022, growing by X% against 2021. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, onion and shallot imports totaled $X in 2022. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Cote d'Ivoire was the key importing country with an import of about X tons, which reached X% of total imports. Senegal (X tons) held the second position in the ranking, followed by Ghana (X tons), Guinea (X tons) and Mali (X tons). All these countries together held near X% share of total imports. Sierra Leone (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mali (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest onion and shallot importing markets in ECOWAS were Cote d'Ivoire ($X), Ghana ($X) and Senegal ($X), together accounting for X% of total imports. Guinea, Mali and Sierra Leone lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Mali, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Guinea ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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