EU: Fonio Market 2024

Fonio Market Size in the EU

The EU fonio market contracted to $X in 2022, dropping by X% against the previous year. Overall, consumption recorded a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Fonio Production in the EU

In value terms, fonio production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of fonio production was Belgium (X tons), comprising approx. X% of total volume. It was followed by Austria (X tons), with a X% share of total production.

In Belgium, fonio production remained relatively stable over the period from 2012-2022.

Fonio Exports

Exports in the EU

Fonio exports amounted to X tons in 2022, approximately reflecting 2021. In general, exports, however, recorded a sharp slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fonio exports fell markedly to $X in 2022. Over the period under review, exports, however, recorded a sharp reduction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands represented the key exporter of fonio in the European Union, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Belgium (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%). Spain (X tons), Italy (X tons) and Denmark (X tons) took a minor share of total exports.

Exports from the Netherlands decreased at an average annual rate of X% from 2012 to 2022. At the same time, Spain (X%), Italy (X%) and Germany (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Denmark experienced a relatively flat trend pattern. By contrast, Belgium (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Germany (X p.p.), Spain (X p.p.), Italy (X p.p.) and Denmark (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest fonio supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, reducing by X% against the previous year. Overall, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Fonio Imports

Imports in the EU

In 2022, supplies from abroad of fonio decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fonio imports shrank sharply to $X in 2022. Overall, imports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

France was the main importer of fonio in the European Union, with the volume of imports recording X tons, which was near X% of total imports in 2022. The Netherlands (X tons) held the second position in the ranking, followed by Italy (X tons) and Poland (X tons). All these countries together took approx. X% share of total imports. Belgium (X tons) followed a long way behind the leaders.

France was also the fastest-growing in terms of the fonio imports, with a CAGR of X% from 2012 to 2022. At the same time, Poland (X%) displayed positive paces of growth. By contrast, the Netherlands (X%), Italy (X%) and Belgium (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of France, Poland and the Netherlands increased by X, X and X percentage points, respectively.

In value terms, France ($X), the Netherlands ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

France, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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