
Colombia - Fonio - Market Analysis, Forecast, Size, Trends and Insights
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Colombia: Fonio Market Overview 2021
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Fonio Market Size in Colombia
The Colombian fonio market expanded notably to $X in 2019, picking up by X% against the previous year. Over the period under review, consumption continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.
Fonio Production in Colombia
In value terms, fonio production stood at $X in 2019 estimated in export prices. In general, production showed a deep setback. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2019, production failed to regain the momentum.
The average yield of fonio in Colombia totaled X kg per ha in 2019, remaining stable against 2018. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, approx. X ha of fonio were harvested in Colombia; approximately mirroring the year before. Overall, the harvested area showed a relatively flat trend pattern.
Fonio Exports
Exports from Colombia
In 2019, approx. X kg of fonio were exported from Colombia; flattening at the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, exports reached the maximum at X kg in 2015; however, from 2016 to 2019, exports remained at a lower figure.
In value terms, fonio exports totaled $X in 2019. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, exports reached the maximum at $X in 2015; however, from 2016 to 2019, exports failed to regain the momentum.
Exports by Country
Aruba (X kg) was the main destination for fonio exports from Colombia, with a approx. X% share of total exports.
From 2012 to 2015, the average annual rate of growth in terms of volume to Aruba was relatively modest.
From 2012 to 2015, the average annual growth rate of value to Aruba was relatively modest.
Export Prices by Country
In 2015, the average fonio export price amounted to $X per tonne, almost unchanged from the previous year. Overall, the export price recorded a relatively flat trend pattern. The export price peaked in 2015 and is likely to see gradual growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Aruba.
From 2012 to 2015, the rate of growth in terms of prices for Aruba amounted to X% per year.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for fonio in the world?+
Guinea (530K tonnes) constituted the country with the largest volume of fonio consumption, accounting for 76% of total volume. Moreover, fonio consumption in Guinea exceeded the figures recorded by the second-largest consumer, Nigeria (83K tonnes), sixfold. The third position in this ranking was occupied by Mali (41K tonnes), with a 5.8% share.
What are the largest producers of fonio in the world?+
Guinea (530K tonnes) remains the largest fonio producing country worldwide, comprising approx. 76% of total volume. Moreover, fonio production in Guinea exceeded the figures recorded by the second-largest producer, Nigeria (83K tonnes), sixfold. Mali (41K tonnes) ranked third in terms of total production with a 5.8% share.
What is the average export price for fonio in Colombia?+
The average fonio export price stood at $1,360 per tonne in 2015, remaining constant against the previous year.
This report provides an in-depth analysis of the fonio market in Colombia. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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