Eastern Asia: Fonio Market 2022

Production By Country in Eastern Asia

The country with the largest volume of fonio production was China (X kg), accounting for X% of total volume.

From 2012 to 2020, the average annual growth rate of volume in China stood at -X%.

Fonio Exports

Exports in Eastern Asia

For the fourth consecutive year, Eastern Asia recorded decline in shipments abroad of fonio, which decreased by X% to X kg in 2020. Overall, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. As a result, the exports reached the peak of X kg. From 2017 to 2020, the growth of the exports remained at a lower figure.

In value terms, fonio exports declined dramatically to $X in 2020. Over the period under review, exports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. As a result, the exports reached the peak of $X. From 2017 to 2020, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of fonio, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the fonio exports, with a CAGR of -X% from 2012 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest fonio supplier in Eastern Asia.

From 2012 to 2020, the average annual growth rate of value in China amounted to -X%.

Export Prices by Country

The fonio export price in Eastern Asia stood at $X per tonne in 2020, which is down by -X% against the previous year. In general, the export price, however, showed a prominent increase. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. As a result, the export price attained the peak level of $X per tonne. From 2017 to 2020, the the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2020, the rate of growth in terms of prices for China amounted to +X% per year.

Fonio Imports

Imports in Eastern Asia

In 2020, after two years of growth, there was significant decline in overseas purchases of fonio, when their volume decreased by -X% to X tonnes. In general, imports saw a precipitous descent. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, fonio imports fell rapidly to $X in 2020. Over the period under review, imports continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2020, imports failed to regain momentum.

Imports by Country

Japan (X tonnes) represented roughly X% of total imports of fonio in 2020.

Japan was also the fastest-growing in terms of the fonio imports, with a CAGR of -X% from 2012 to 2020. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported fonio in Eastern Asia.

In Japan, fonio imports plunged by an average annual rate of -X% over the period from 2012-2020.

Import Prices by Country

The fonio import price in Eastern Asia stood at $X per tonne in 2020, picking up by X% against the previous year. Overall, the import price saw significant growth. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2020 and is expected to retain growth in the immediate term.

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

From 2012 to 2020, the rate of growth in terms of prices for Japan amounted to +X% per year.

Source: IndexBox Platform