Canada - Fonio - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingFonio Price in Canada - 2023
Contents:
- Fonio Price in Canada (CIF) - 2022
- Fonio Price in Canada (FOB) - 2022
- Fonio Imports in Canada
- Fonio Exports in Canada
Fonio Price in Canada (CIF) - 2022
In 2022, the average fonio import price amounted to $4,036 per ton, falling by -11% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fonio import price decreased by -24.7% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 116%. Over the period under review, average import prices attained the maximum at $6,503 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Nigeria ($6,463 per ton), while the price for the United States ($3,776 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+34.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Fonio Price in Canada (FOB) - 2022
In 2022, the average fonio export price amounted to $3,841 per ton, waning by -40% against the previous year. Over the period under review, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 68% against the previous year. The export price peaked at $21,800 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,843 per ton), while the average price for exports to Senegal totaled $3,790 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-53.9%).
Fonio Imports in Canada
In 2022, fonio imports into Canada surged to 10 tons, jumping by 112% against the previous year. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, fonio imports soared to $41K in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fonio in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.7 | 6.0 | 12.9 | 27.8 | 69.6% |
| Senegal | 0.1 | 0.2 | 0.1 | 7.5 | 321.7% |
| Guinea | 1.4 | 0.5 | 0.1 | 2.9 | 27.5% |
| Nigeria | N/A | N/A | N/A | 1.8 | 0% |
| Togo | 2.2 | 1.0 | 0.4 | 1.1 | -20.6% |
| Cote d'Ivoire | 5.4 | 8.3 | 6.2 | N/A | 7.2% |
| France | 3.3 | 2.3 | 2.0 | N/A | -22.2% |
| Mali | 2.5 | 1.4 | N/A | N/A | -44.0% |
| Netherlands | N/A | 4.4 | N/A | N/A | 0% |
| Others | 0.6 | 0.2 | 0.1 | N/A | -59.2% |
| Total | 21.2 | 24.5 | 21.9 | 41.3 | 24.9% |
Top Suppliers of Fonio to Canada in 2022:
- United States (7.4 tons)
- Senegal (1.8 tons)
- Guinea (0.6 tons)
- Nigeria (0.3 tons)
- Togo (0.1 tons)
Fonio Exports in Canada
After two years of decline, shipments abroad of fonio increased by 9,375% to 1.9 tons in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, fonio exports soared to $7.3K in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fonio in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 0.5 | 0.1 | 7.0 | 274.2% |
| Senegal | N/A | N/A | N/A | 0.3 | 0% |
| Bermuda | 0.4 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 0.4 | 0.6 | 0.1 | 7.3 | 163.3% |
Top Export Markets for Fonio from Canada in 2022:
- United States (1814.0 kg)
- Senegal (81.0 kg)
This report provides an in-depth analysis of the fonio market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
643
This report provides an in-depth analysis of the fonio market in Canada.
1110
This report provides an in-depth analysis of the buckwheat market in Canada.
625
This report provides an in-depth analysis of the canary seed market in Canada.
862
This report provides an in-depth analysis of the quinoa market in Canada.
658
This report provides an in-depth analysis of the triticale market in Canada.
972
This report provides an in-depth analysis of the millet market in Canada.
654
This report provides an in-depth analysis of the cereal market in Canada.
907
This report provides an in-depth analysis of the grain market in Canada.
634
This report provides an in-depth analysis of the grain market in Canada.
2736
This report provides an in-depth analysis of the global fonio market.
85
The growth pace of Canary Seed was the most rapid in September 2023 with an increase of 88% month-to-month. In value terms, canary seed exports stood at $9M in December 2023.
233
In December 2022, the canary seed price stood at $689 per ton (FOB, Canada), growing by 8% against the previous month.
229
In June 2023, the price of Quinoa reached $2,645 per ton (CIF, Canada), registering a 4.1% increase compared to the previous month.
3544
Fonio is consumed mainly in the West African countries, where it is also cultivated. The global fonio market showed steady growth, rising from X tons in 2007, to X tons in 2016. Annual rates of growth stood at +X% in physical terms.
1459
Global fonio consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
2727
In 2015, the country with the largest volume of the fonio output was Guinea (X thousand tons), accounting for X% of global production.
1324
Despite a rocky 2014, Belgium continued to lead the way in the global fonio trade. In 2014, Belgium exported X tons of fonio totaling X thousand USD, X% under the previous year. Its primary trading partner was the Netherlands, where it suppl
827
In the immediate term, the global buckwheat market may face a shortage due to an export ban introduced in Russia. The country, being the largest producer and exporter of buckwheat, restricted exporting unprocessed buckwheat, coarsely ground buckwheat groats, and crushed buckwheat grain from June 5, 2021, to August 31. Russia took this step to preserve the volumes of the buckwheat grain for its domestic consumption and prevent a spike in prices inside the country. China, Latvia and Ukraine featured the most prominent increases in imports from Russia in 2021.
6566
Global buckwheat consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
3105
Global buckwheat exports amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
