Denmark: Fonio Market Overview 2021

Fonio Market Size in Denmark

After seven years of growth, the Danish fonio market decreased by -X% to $X in 2019. Overall, consumption, however, posted a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Fonio consumption peaked at $X in 2018, and then reduced dramatically in the following year.

Fonio Production in Denmark

In value terms, fonio production totaled $X in 2019 estimated in export prices. Overall, production continues to indicate a dramatic slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2019, production growth failed to regain the momentum.

The average yield of fonio in Denmark totaled X kg per ha in 2019, approximately equating 2018. Overall, the yield continues to indicate 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, the fonio harvested area in Denmark stood at X ha, remaining constant against the year before. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Fonio Exports

Exports from Denmark

In 2019, the amount of fonio exported from Denmark fell to X kg, which is down by -X% against 2018 figures. Overall, exports saw a sharp descent. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

In value terms, fonio exports reduced remarkably to $X in 2019. In general, exports faced a significant decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

Exports by Country

Iceland (X kg) was the main destination for fonio exports from Denmark, accounting for a X% share of total exports. Moreover, fonio exports to Iceland exceeded the volume sent to the second major destination, Greenland (X kg), threefold.

From 2012 to 2019, the average annual growth rate of volume to Iceland stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (-X% per year) and Faroe Islands (-X% per year).

In value terms, Iceland ($X) remains the key foreign market for fonio exports from Denmark, comprising X% of total exports. The second position in the ranking was occupied by Greenland ($X), with a X% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to Iceland stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (-X% per year) and Faroe Islands (-X% per year).

Export Prices by Country

In 2019, the average fonio export price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the export price, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2014 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2015; however, from 2016 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2019, the country with the highest price was Faroe Islands ($X per tonne), while the average price for exports to Greenland ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Iceland, while the prices for the other major destinations experienced more modest paces of growth.

Fonio Imports

Imports into Denmark

In 2019, the amount of fonio imported into Denmark reduced to X kg, declining by -X% compared with 2018 figures. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Imports peaked at X kg in 2018, and then fell in the following year.

In value terms, fonio imports contracted markedly to $X in 2019. Over the period under review, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2019, Germany (X kg) was the main supplier of fonio to Denmark, accounting for a approx. X% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of volume from Germany stood at +X%.

In value terms, Germany ($X) constituted the largest supplier of fonio to Denmark.

From 2012 to 2019, the average annual rate of growth in terms of value from Germany totaled +X%.

Import Prices by Country

In 2019, the average fonio import price amounted to $X per tonne, shrinking by -X% against the previous year. In general, import price indicated a slight increase from 2012 to 2019: its price increased at an average annual rate of +X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne, and then reduced notably in the following year.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2019, the rate of growth in terms of prices for Germany amounted to +X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fonio in the world?

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Guinea (530K tonnes) constituted the country with the largest volume of fonio consumption, comprising approx. 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?

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Guinea (530K tonnes) constituted the country with the largest volume of fonio production, accounting for 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 are the leading suppliers of fonio to Denmark?

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In value terms, Germany ($2.2K) constituted the largest supplier of fonio to Denmark.

What are the leading importers of fonio from Denmark?

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In value terms, Iceland ($465) remains the key foreign market for fonio exports from Denmark, comprising 61% of total exports. The second position in the ranking was occupied by Greenland ($163), with a 21% share of total exports.

What is the average export price for fonio in Denmark?

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The average fonio export price stood at $7,948 per tonne in 2019, falling by -12.9% against the previous year.

What is the average import price for fonio in Denmark?

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In 2019, the average fonio import price amounted to $4,018 per tonne, with a decrease of -27.1% against the previous year.