The dried onions market in Germany has shown fluctuations over the past decade, with the price per kilogram reaching its peak in 2015 before experiencing a general downward trend until 2018. From 2019 to 2020, the prices rebounded slightly. Comparing 2020 and 2019, the price increased by 6.44%. Over the both previous two years, from 2018 to 2019 and 2019 to 2020, there’s been a noticeable revival in pricing. Therefore, the Compound Annual Growth Rate (CAGR) over the last 5 years is also indicative of a general price increase trend, showcasing diverse dynamics in the agricultural sector influencing dried onion prices.
Future trends to watch for include:
- Potential impacts of climate change on onion harvests.
- Fluctuations in demand driven by changes in consumer preferences and food industry needs.
- Economic factors such as inflation and trade policies affecting supply chain costs.