Onion Powder Price Trends and Forecasting

Onion Powder Regional Price Overview

Get the latest insights on price movement and trend analysis of Onion Powder in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Onion Powder Price Trend for the Second Half of 2024

In the second half of 2024, the price trend for onion powder showed notable volatility, influenced by a combination of supply constraints and fluctuating demand. The price of raw dehydrated onions remained high due to reduced production in key growing regions, driven by adverse weather, including heavy rains that delayed harvests and disrupted supply chains. This tightened the availability of raw material for dehydration, which subsequently pushed up the production costs of onion powder. Meanwhile, demand remained inconsistent, with steady consumption from the food processing industry but increased buying activity from traders who anticipated further price hikes.
 

Onion Powder Price Graph

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The approaching festive season, particularly the Navaratri festival, also led to a temporary spike in demand as people sought alternatives to fresh onions, boosting the demand for dehydrated products like onion powder. Although government interventions, such as the sale of buffer stocks, helped alleviate some pressure, the overall market remained tight. By the end of the quarter, the combination of weather-related disruptions, trader speculation, and seasonal demand led to sustained price elevations, making the onion powder market challenging throughout the second half of 2024.

Analyst Insight

According to Procurement Resource, the onion powder prices are expected to remain volatile in the coming months as well. The current supply and demand outlook suggests elevated trade dynamics in the new year too.

Procurement Resource provides latest prices of Onion Powder. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.