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

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Fonio Market Size in Finland

In 2019, the Finnish fonio market decreased by -X% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption recorded a sharp slump. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. Fonio consumption peaked at $X in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.

Fonio Production in Finland

In value terms, fonio production dropped markedly to $X in 2019 estimated in export prices. In general, production, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2016 to 2019, production growth remained at a lower figure.

The average yield of fonio in Finland was estimated at X kg per ha in 2019, approximately mirroring 2018 figures. 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 harvested area of fonio in Finland was estimated at X ha, remaining relatively unchanged against 2018. Over the period under review, the harvested area showed a relatively flat trend pattern.

Fonio Exports

Exports from Finland

After three years of decline, overseas shipments of fonio decreased by X% to X kg in 2019. In general, exports showed a dramatic decrease. Exports peaked at X kg in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

In value terms, fonio exports stood at $X in 2019. Overall, exports showed a dramatic setback. Over the period under review, exports hit record highs at $X in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for fonio exports from Finland, with a approx. X% share of total exports.

From 2012 to 2016, the average annual growth rate of volume to the Netherlands amounted to -X%.

In value terms, the Netherlands ($X) also remains the key foreign market for fonio exports from Finland.

From 2012 to 2016, the average annual growth rate of value to the Netherlands amounted to -X%.

Export Prices by Country

In 2016, the average fonio export price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, the export price showed a dramatic contraction. The export price peaked at $X per tonne in 2015, and then declined significantly in the following year.

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

From 2012 to 2016, the rate of growth in terms of prices for the Netherlands amounted to -X% per year.

Fonio Imports

Imports into Finland

In 2019, overseas purchases of fonio decreased by X% to X kg, falling for the second year in a row after four years of growth. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tonnes. From 2018 to 2019, the growth imports remained at a lower figure.

In value terms, fonio imports amounted to $X in 2019. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2017, the UK (X tonnes) was the main supplier of fonio to Finland, with a X% share of total imports. Moreover, fonio imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), more than tenfold.

From 2012 to 2017, the average annual growth rate of volume from the UK totaled +X%.

In value terms, the UK ($X) constituted the largest supplier of fonio to Finland, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2017, the average annual growth rate of value from the UK totaled +X%.

Import Prices by Country

In 2017, the average fonio import price amounted to $X per tonne, waning by -X% against the previous year. In general, the import price faced a sharp descent. Over the period under review, average import prices attained the maximum at $X per tonne in 2015; however, from 2016 to 2017, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2017, the country with the highest price was the Netherlands ($X per tonne), while the price for the UK totaled $X per tonne.

From 2012 to 2017, the most notable rate of growth in terms of prices was attained by the UK.

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, comprising approx. 76% of total volume. Moreover, fonio consumption in Guinea exceeded the figures recorded by the second-largest consumer, Nigeria (83K tonnes), sixfold. Mali (41K tonnes) ranked third in terms of total consumption 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. The third position in this ranking was occupied by Mali (41K tonnes), with a 5.8% share.
What are the leading suppliers of fonio to Finland?
+
In value terms, the UK ($621) constituted the largest supplier of fonio to Finland, comprising 95% of total imports. The second position in the ranking was occupied by the Netherlands ($33), with a 5% share of total imports.
What are the leading importers of fonio from Finland?
+
In value terms, the Netherlands ($2) remains the key foreign market for fonio exports from Finland.
What is the average export price for fonio in Finland?
+
In 2016, the average fonio export price amounted to $2,000 per tonne, reducing by -51.6% against the previous year.
What is the average import price for fonio in Finland?
+
The average fonio import price stood at $152 per tonne in 2017, declining by -95% against the previous year.

Product coverage:
• FCL 94 - Fonio

This report provides an in-depth analysis of the fonio market in Finland. 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:
• Finland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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