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Asia - Fonio - Market Analysis, Forecast, Size, Trends and Insights
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Asia: Fonio Market Overview 2021

Fonio Market Size in Asia

The Asian fonio market fell rapidly to $X in 2020, which is down by -X% against the previous year. Overall, consumption continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Fonio Production in Asia

In value terms, fonio production totaled $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2012 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Thailand (X tonnes) constituted the country with the largest volume of fonio production, accounting for X% of total volume. Moreover, fonio production in Thailand exceeded the figures recorded by the second-largest producer, India (X tonnes), more than tenfold.

In Thailand, fonio production remained relatively stable over the period from 2012-2020.

Production by Country in Asia

The country with the largest volume of fonio production was Thailand (X tonnes), accounting for X% of total volume. Moreover, fonio production in Thailand exceeded the figures recorded by the second-largest producer, India (X tonnes), more than tenfold.

From 2012 to 2020, the average annual growth rate of volume in Thailand was relatively modest.

Fonio Exports

Exports in Asia

Fonio exports fell significantly to X tonnes in 2020, reducing by -X% against the previous year. Over the period under review, exports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. The volume of export peaked at X tonnes in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, fonio exports dropped remarkably to $X in 2020. in general, exports showed a significant contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Malaysia prevails in fonio exports structure, resulting at X tonnes, which was near X% of total exports in 2020. It was distantly followed by India (X kg), constituting a X% share of total exports.

Malaysia was also the fastest-growing in terms of the fonio exports, with a CAGR of +X% from 2012 to 2020. India (-X%) illustrated a downward trend over the same period. While the share of Malaysia (+X p.p.) and India (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest fonio supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports.

In Malaysia, fonio exports increased at an average annual rate of +X% over the period from 2012-2020.

Export Prices by Country

In 2020, the fonio export price in Asia amounted to $X per tonne, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, continues to indicate prominent growth. The growth pace was the most rapid in 2014 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. from 2015 to 2020, the growth in terms of the export prices failed to regain the momentum.

Average prices varied noticeably amongst the major exporting countries. in 2020, the country with the highest price was Malaysia ($X per tonne), while India amounted to $X per tonne.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia.

Fonio Imports

Imports in Asia

In 2020, approx. X tonnes of fonio were imported in Asia; waning by -X% on 2019. in general, imports saw a dramatic downturn. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, fonio imports contracted dramatically to $X in 2020. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2019 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

Malaysia (X tonnes) and Kuwait (X tonnes) prevails in fonio imports structure, together comprising X% of total imports. Saudi Arabia (X tonnes) ranks next in terms of the total imports with a X% share, followed by Indonesia (X%). Japan (X kg) and Bahrain (X kg) took a relatively small share of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Saudi Arabia, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fonio importing markets in Asia were Malaysia ($X), Kuwait ($X) and Saudi Arabia ($X), with a combined X% share of total imports.

Saudi Arabia saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the fonio import price in Asia amounted to $X per tonne, increasing by X% against the previous year. Overall, the import price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. The level of import peaked in 2020 and is likely to see gradual growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while Bahrain ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fonio in Asia?
+
Thailand (46 tonnes) remains the largest fonio consuming country in Asia, accounting for 61% of total volume. Moreover, fonio consumption in Thailand exceeded the figures recorded by the second-largest consumer, Kuwait (12 tonnes), fourfold. The third position in this ranking was occupied by Malaysia (10 tonnes), with a 14% share.
What are the largest producers of fonio in Asia?
+
Thailand (46 tonnes) remains the largest fonio producing country in Asia, accounting for 95% of total volume. Moreover, fonio production in Thailand exceeded the figures recorded by the second-largest producer, India (2.6 tonnes), more than tenfold.
What are the leading suppliers of fonio in Asia?
+
In value terms, Malaysia ($7.7K) remains the largest fonio supplier in Asia, comprising 92% of total exports. The second position in the ranking was occupied by India ($546), with a 6.5% share of total exports.
What are the leading importers of fonio in Asia?
+
In value terms, Malaysia ($24K), Kuwait ($23K) and Saudi Arabia ($14K) constituted the countries with the highest levels of imports in 2020, with a combined 73% share of total imports.
What is the average export price for fonio in Asia?
+
In 2020, the fonio export price in Asia amounted to $5,132 per tonne, flattening at the previous year.
What is the average import price for fonio in Asia?
+
In 2020, the fonio import price in Asia amounted to $3,000 per tonne, surging by 2.7% against the previous year.

Product coverage:
• FCL 94 - Fonio

This report provides an in-depth analysis of the fonio market in Asia. 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.


Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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

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. 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. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
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

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, by Country, 2015–2020
Table 5:
Production, in Physical Terms, by Country, 2007–2020
Table 6:
Harvested Area, by Country, 2007–2020
Table 7:
Yield, by Country, 2007–2020
Table 8:
Imports, in Physical Terms, by Country, 2007–2020
Table 9:
Imports, in Value Terms, by Country, 2007–2020
Table 10:
Import Prices, by Country of Destination, 2007–2020
Table 11:
Exports, in Physical Terms, by Country, 2007–2020
Table 12:
Exports, in Value Terms, by Country, 2007–2020
Table 13:
Export Prices, by Country of Origin, 2007–2020
Table 14:
Producer Prices, by Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), by Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, by Country, 2020
Figure 4:
Market Forecast to 2030
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, 2007–2020
Figure 18:
Production, in Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, by Country, 2020
Figure 22:
Production, in Physical Terms, by Country, 2007–2020
Figure 23:
Harvested Area, by Country, 2020
Figure 24:
Harvested Area, by Country, 2007–2020
Figure 25:
Yield, by Country, 2007–2020
Figure 26:
Imports, in Physical Terms, 2007–2020
Figure 27:
Imports, in Value Terms, 2007–2020
Figure 28:
Imports, in Physical Terms, by Country, 2020
Figure 29:
Imports, in Physical Terms, by Country, 2007–2020
Figure 30:
Imports, in Value Terms, by Country, 2007–2020
Figure 31:
Import Prices, by Country, 2007–2020
Figure 32:
Exports, in Physical Terms, 2007–2020
Figure 33:
Exports, in Value Terms, 2007–2020
Figure 34:
Exports, in Physical Terms, by Country, 2020
Figure 35:
Exports, in Physical Terms, by Country, 2007–2020
Figure 36:
Exports, in Value Terms, by Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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