Report Update: Dec 1, 2023

World - Fonio - Market Analysis, Forecast, Size, Trends and Insights

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Fonio Market

Name: Fonio Market
Creator: IndexBox Inc.
Published: 2023-12-01T00:00:00+00:00
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Fonio market, IndexBox, market research, global market, publisher

Fonio market: find new info secured by an Ai-driven market research platform. Information cover consumption, production, trade, companies, market size, exports, market prices, and imports. Here is a split by region, including Africa, the Middle East, Latin America, the U.K., the U.S., EU, Russia, and China. Market insights and outlook to 2030 are also provided in the snapshots.

Get FREE access to the latest data and statistics on the Fonio Market.

Fonio - World's Largest Markets

Rating	Country
1	Guinea
2	Mali
3	Nigeria
4	Cote d'Ivoire

In value terms, Guinea led the market, alone. The second position in the ranking was occupied by Mali. It was followed by Nigeria.

From 2019 to 2021, the average annual growth rate of value in Guinea amounted to +7.4%. In the other countries, the average annual rates were as follows: Mali (+6.1% per year) and Nigeria (+5.5% per year).

Fonio Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Hungary	361	1000	361	0.0%
Togo	n/a	n/a	369	0.0%
France	1658	1685	764	-32.1%
United Arab Emirates	4537	872	837	-57.0%
Guinea	1265	1606	1541	10.4%
Belgium	7085	2856	1647	-51.8%
Burkina Faso	1501	1927	1696	6.3%
Senegal	1851	2958	2473	15.6%
Spain	2583	2603	2498	-1.7%
Italy	2992	5533	4588	23.8%
Netherlands	3415	7381	4613	16.2%
Mali	4822	6398	5563	7.4%
Average	1833	2619	1944	3.0%

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Mali ($5,563 per ton), while Hungary ($361 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Netherlands	1486	2570	2996	42.0%
Italy	2701	2351	2781	1.5%
United States	1673	1653	1955	8.1%
Belgium	5309	2019	1095	-54.6%
France	804	484	626	-11.8%
Romania	361	347	360	-0.1%
Congo	327	326	327	0.0%
Average	1067	1324	1309	10.8%

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($2,996 per ton), while Congo ($327 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Fonio - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	thousand USD			CAGR, 2019-2021
United States	59	366	403	161.5%
France	136	79	212	25.1%
Netherlands	20	169	176	194.1%
Italy	8.1	18	93	237.9%
Congo	50	39	44	-5.6%

In value terms, the United States ($403K), France ($212K) and the Netherlands ($176K) constituted the countries with the highest levels of imports in 2021, with a combined 69% share of global imports. These countries were followed by Italy, Congo, Belgium and Romania, which together accounted for a further 15%.

Italy (+237.9% per year) recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Fonio - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	thousand USD			CAGR, 2019-2021
Netherlands	24	29	120	122.6%
Burkina Faso	60	65	62	2.1%
Guinea	32	92	62	40.0%
Mali	56	66	61	4.4%
Belgium	13	28	23	31.8%

In value terms, the largest fonio supplying countries worldwide were the Netherlands ($120K), Burkina Faso ($62K) and Guinea ($62K), together comprising 51% of global exports.

Among the main exporting countries, the Netherlands (+122.6% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Fonio - Market Forecast

Driven by increasing demand for fonio worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Fonio - Top Companies

NUGRAIN PTY LTD, Tianye (Fogang) Leisure Agriculture and Husbandry Co., Ltd., CBH GRAIN PTY LTD, Cooperativa Agrária Agroindustrial, ADM TRADING AUSTRALIA PTY LTD, Zhongnongfa Seed Industry Group Co., Ltd., Yuan Longping High-tech Agriculture Co., Ltd., Heilongjiang Agriculture Company Limited, LIMAGRAIN EUROPE, Grupo Universal S A, Roland Mills United GmbH & Co. KG, LACPATRICK DAIRIES LIMITED, Hefei Fengle Seed.Co., Ltd., LATRAPS KS, LIMAGRAIN, RAIZ-MAKSYMKO, PRAT, ARENTO GRUPO COOPERATIVO AGROALIMENTARIO DE ARAGON S.COOP, SAATBAU LINZ eGen, Vilshanski Produkty, TOV, ZERNOPRODUKT MKHP, PRAT

Fonio - Product Coverage

HS 100840 - Cereals; fonio (Digitaria spp.)

Source: IndexBox Market Intelligence Platform

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 2030.

Product coverage:

• FCL 94 - Fonio

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2022
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2022
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles

This Chapter is Available Only for the Professional Edition PRO
1. United States
2. China
3. Japan
4. Germany
5. United Kingdom
6. France
7. Brazil
8. Italy
9. Russian Federation
10. India
11. Canada
12. Australia
13. Republic of Korea
14. Spain
15. Mexico
16. Indonesia
17. Netherlands
18. Turkey
19. Saudi Arabia
20. Switzerland
21. Sweden
22. Nigeria
23. Poland
24. Belgium
25. Argentina
26. Norway
27. Austria
28. Thailand
29. United Arab Emirates
30. Colombia
31. Denmark
32. South Africa
33. Malaysia
34. Israel
35. Singapore
36. Egypt
37. Philippines
38. Finland
39. Chile
40. Ireland
41. Pakistan
42. Greece
43. Portugal
44. Kazakhstan
45. Algeria
46. Czech Republic
47. Qatar
48. Peru
49. Romania
50. Vietnam
LIST OF TABLES
1. Key Findings In 2022
2. Market Volume, In Physical Terms, 2012–2022
3. Market Value, 2012–2022
4. Per Capita Consumption, By Country, 2018–2022
5. Production, In Physical Terms, By Country, 2012–2022
6. Harvested Area, By Country, 2012-2022
7. Yield, By Country, 2012-2022
8. Imports, In Physical Terms, By Country, 2012–2022
9. Imports, In Value Terms, By Country, 2012–2022
10. Import Prices, By Country Of Destination, 2012–2022
11. Exports, In Physical Terms, By Country, 2012–2022
12. Exports, In Value Terms, By Country, 2012–2022
13. Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2022
2. Market Value, 2012–2022
3. Consumption, By Country, 2022
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2022
19. Production, In Value Terms, 2012–2022
20. Area Harvested, 2012–2022
21. Yield, 2012–2022
22. Production, By Country, 2022
23. Production, In Physical Terms, By Country, 2012–2022
24. Harvested Area, By Country, 2022
25. Harvested Area, By Country, 2012-2022
26. Yield, By Country, 2012-2022
27. Imports, In Physical Terms, 2012–2022
28. Imports, In Value Terms, 2012–2022
29. Imports, In Physical Terms, By Country, 2022
30. Imports, In Physical Terms, By Country, 2012–2022
31. Imports, In Value Terms, By Country, 2012–2022
32. Import Prices, By Country, 2012–2022
33. Exports, In Physical Terms, 2012–2022
34. Exports, In Value Terms, 2012–2022
35. Exports, In Physical Terms, By Country, 2022
36. Exports, In Physical Terms, By Country, 2012–2022
37. Exports, In Value Terms, By Country, 2012–2022
38. Export Prices, 2012–2022