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World - Fonio - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: May 3, 2018

Guinea Is the Largest Producing Country of Fonio

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IndexBox has just published a new report "World: Fonio - Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.

Global Fonio Consumption Showed Steady Growth Amid Rising Western Africa Demand

Fonio is consumed mainly in the West African countries, where it is also cultivated. The global fonio market showed steady growth, rising from X tonnes in 2007, to X tonnes in 2016. Annual rates of growth stood at +X% in physical terms. The growth of fonio consumption during 2007-2016 is due to a significant increase in demand in West African countries against the backdrop of population growth and increased food consumption in general.

From 2007 to 2016, the market value was subject to significant fluctuations against changes in producer prices and crop yield. In 2016, the market value increased by X% to $X.

Guinea (X tonnes) was the country with the highest consumption, accounting for almost X% of global figures. It was followed by Nigeria (X%), Mali (X%) and Côte d'Ivoire (X%). In terms of the key consumer countries, Guinea (X kg per year in 2016) registered a per capita consumption figure significant higher than the global average consumption figure, at X kg per year, while outside Guinea, fonio consumption was very small: Nigeria (X kg/year), Mali (X kg/year) and Côte d'Ivoire (X kg/year)

In the Medium Term, the Fonio Market Is Set to Continue Modest Growth 

The peculiarity of the world fonio market is that the overwhelming share of the produced volume is consumed within the producing West African countries. Due to the fact that fonio is in demand mainly in these countries, there are no grounds to expect drastic changes in the dynamics of its consumption; that is why medium-term market growth will depend mainly on the growth of the population. At the same time, outside Guinea, consumption of fonio grows much more slowly than in this country, therefore it is expected that the growth in demand in Guinea will remain the key driver of market growth within the next few years.

The global growth in fonio consumption is expected to increase at an average annual rate of +X% in the medium term due Western Africa population growth and an increasing demand for food, which is expected to lead the market to a volume of X tonnes by the end of 2025.

Production of Fonio Increased Steadily Over the Last Nine Years 

Production of fonio reached X tonnes in 2016, with X% growth over the last year. There was a steady growth with an annual average growth rate of +X% from 2007 to 2016.

Guinea Was the Largest Producing Country of Fonio

Guinea (X tonnes in 2016) was the key world fonio producing country, accounting for X% of total global output. The other major producers were Nigeria (X%), Mali (X%) and Côte d'Ivoire (X%). In addition, most of the major producing countries increased their fonio output. In 2007-2016 annual growth rates were especially high in Guinea (+X%), Côte d'Ivoire (+X%) and Nigeria (+X%). Meanwhile Mali fonio production (+X%) remained relatively stable throughout the analyzed period.

Almost Entire Global Fonio Output Is Consumed Domestically

The share of exports in global demand did not exceed X% from 2007 to 2016. This relatively low trade intensity is due to the fact that the major consuming countries – Guinea and other African countries – produce fonio and consume it domestically. This is because, firstly, fonio grows precisely in  these geographical regions; and, secondly, it plays a key role in ensuring food security for the population during the lean years as it is resistant to drought and is relatively cheap to produce.

Exports of Fonio Decreased Noticeably over the Last Four Years

Export flows of fonio are negligible and uneven, therefore the report presents estimates based on official statistics, mirror data and production volumes and per capita consumption. In 2016, the volume of global exports totaled X tonnes. There was a steady decline, followed by a slight growth in 2016, however, the overall trend was negative.

 In 2016, Guinea (X%, based on tonnes), Mali (X%), Burkina Faso (X%), the Netherlands (X%) and Spain (X%) were tha main suppliers of fonio with a combined share of X% of global exports. In 2012, Belgium was the largest exporter of fonio (X tons in 2012), however, it was not included in the list of top X exporters in 2016, as Belgium exports declined significantly in 2013-2014, and it was not recorded in subsequent years. Guinea, Mali, Burkina Faso and Spain held an insignificant share in total exports in 2012, with the Netherlands being the largest exporter, after Belgium (X tons in 2012). Taking into account that the fonio does not grow in these European countries, these shipments should be referred to re-export.

Imports of Fonio Experienced Dramatic Decline over the Last Four Years

The volume of global imports totaled X tonnes, which was equal to X USD. Imports dynamics was generally in line with exports: these trade flows globally complement each other. They are also negligible and uneven. 

In 2016, France (X%, based on tonnes), Cambodia (X%), the Netherlands (X%), Spain (X%) were the leading destinations of fonio imports, together making up X% of global imports in physical terms. In 2012, Belgium (X tonnes) was the leading importer, by 2016 imports were down to X ton, therefore, in 2016, the country did not make the top-X largest importers list. By contrast, imports to France, Cambodia, the Netherlands and Spain were negligible in 2012. 

Do you want to know more about global fonio market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • fonio market share
  • fonio prices
  • fonio industry
  • fonio sales
  • fonio import
  • fonio export
  • fonio market forecast
  • fonio price forecast
  • key fonio producers

Source: IndexBox AI Platform

Product coverage:
• FCL 94 - Fonio

This report provides an in-depth analysis of the global fonio market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Harvested Area, By Country, 2007-2019
Table 7:
Yield, By Country, 2007-2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Area Harvested, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Harvested Area, By Country, 2019
Figure 24:
Harvested Area, By Country, 2007-2019
Figure 25:
Yield, By Country, 2007-2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

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