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World - Fonio - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Global Fonio Market Overview 2021

Fonio Market Size

In 2020, the global fonio market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, the total consumption indicated pronounced growth from 2012 to 2020: its value increased at an average annual rate of +X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. from 2016 to 2020, the growth of the global market remained at a somewhat lower figure.

Fonio Production

In value terms, fonio production rose significantly to $X in 2020 estimated in export prices. in general, production saw moderate growth. The pace of growth was the most pronounced in 2015 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2016 to 2020, global production growth remained at a lower figure.

Guinea (X tonnes) remains the largest fonio producing country worldwide, accounting for X% of total volume. Moreover, fonio production in Guinea exceeded the figures recorded by the second-largest producer, Nigeria (X tonnes), sevenfold. Mali (X tonnes) ranked third in terms of total production with a X% share.

From 2012 to 2020, the average annual growth rate of volume in Guinea amounted to +X%. in the other countries, the average annual rates were as follows: Nigeria (+X% per year) and Mali (+X% per year).

In 2020, the global average fonio yield contracted modestly to X kg per ha, which is down by -X% against the previous year's figure. Over the period under review, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the yield increased by X% against the previous year. Over the period under review, the average fonio yield attained the maximum level at X kg per ha in 2013; however, from 2014 to 2020, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of fonio were harvested worldwide; with an increase of X% against the previous year. The harvested area increased at an average annual rate of +X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to fonio production attained the peak figure in 2020 and is likely to see gradual growth in years to come.

Production by Country

The country with the largest volume of fonio production was Guinea (X tonnes), accounting for X% of total volume. Moreover, fonio production in Guinea exceeded the figures recorded by the second-largest producer, Nigeria (X tonnes), sevenfold. Mali (X tonnes) ranked third in terms of total production with a X% share.

From 2012 to 2020, the average annual growth rate of volume in Guinea amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: Nigeria (+X% per year) and Mali (+X% per year).

Fonio Exports

Exports

In 2020, overseas shipments of fonio increased by X% to X tonnes for the first time since 2013, thus ending a six-year declining trend. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, global exports attained the maximum at X tonnes in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

In value terms, fonio exports soared to $X in 2020. in general, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. from 2014 to 2020, the growth of global exports remained at a somewhat lower figure.

Exports by Country

Guinea (X tonnes), Cote d'Ivoire (X tonnes), Senegal (X tonnes) and Burkina Faso (X tonnes) represented roughly X% of total exports of fonio in 2020. The following exporters - Belgium (X tonnes), Spain (X tonnes), France (X tonnes), Italy (X tonnes), Germany (X tonnes), the U.S. (X tonnes) and Hungary (X tonnes) - together made up X% of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cote d'Ivoire (+X% per year), while exports for the other global leaders experienced more modest paces of growth.

In value terms, the largest fonio supplying countries worldwide were Guinea ($X), Burkina Faso ($X) and Italy ($X), together accounting for X% of global exports. Belgium, Spain, Hungary, Cote d'Ivoire, Senegal, the U.S., France and Germany lagged somewhat behind, together accounting for a further X the main exporting countries, Cote d'Ivoire recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average fonio export price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2013 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. from 2014 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Hungary ($X per tonne), while Senegal ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Fonio Imports

Imports

In 2020, purchases abroad of fonio increased by X% to X tonnes, rising for the second consecutive year after six years of decline. Overall, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. Global imports peaked at X tonnes in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, fonio imports soared to $X in 2020. in general, imports, however, faced a drastic downturn. Global imports peaked at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X tonnes) was the main importer of fonio, generating X% of total imports. France (X tonnes) ranks second in terms of the total imports with a X% share, followed by the Netherlands (X%) and Congo (X%). Italy (X tonnes), Poland (X tonnes) and Malaysia (X tonnes) followed a long way behind the leaders.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the U.S., while imports for the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported fonio worldwide, comprising X% of global imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value in the U.S. amounted to +X%. in the other countries, the average annual rates were as follows: the Netherlands (+X% per year) and France (-X% per year).

Import Prices by Country

In 2020, the average fonio import price amounted to $X per tonne, jumping by X% against the previous year. in general, the import price continues to indicate perceptible growth. The growth pace was the most rapid in 2013 an increase of X% y-o-y. Global import price peaked at $X per tonne in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Poland ($X per tonne), while Congo ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fonio in the world?
+
The country with the largest volume of fonio consumption was Guinea (566K tonnes), accounting for 76% of total volume. Moreover, fonio consumption in Guinea exceeded the figures recorded by the second-largest consumer, Nigeria (85K tonnes), sevenfold. Mali (42K tonnes) ranked third in terms of total consumption with a 5.6% share.
What are the largest producers of fonio in the world?
+
The country with the largest volume of fonio production was Guinea (566K tonnes), accounting for 76% of total volume. Moreover, fonio production in Guinea exceeded the figures recorded by the second-largest producer, Nigeria (85K tonnes), sevenfold. Mali (42K tonnes) ranked third in terms of total production with a 5.6% share.
What are the leading suppliers of fonio in the world?
+
In value terms, the largest fonio supplying countries worldwide were Guinea ($92K), Burkina Faso ($65K) and Italy ($29K), together accounting for 45% of global exports. These countries were followed by Belgium, Spain, Hungary, Cote d'Ivoire, Senegal, the U.S., France and Germany, which together accounted for a further 33%.
What are the leading importers of fonio in the world?
+
In value terms, the U.S. ($378K) constitutes the largest market for imported fonio worldwide, comprising 35% of global imports. The second position in the ranking was occupied by the Netherlands ($167K), with a 15% share of global imports. It was followed by France, with a 7.4% share.
What is the average export price for fonio in the world?
+
In 2020, the average fonio export price amounted to $1,812 per tonne, dropping by -22.7% against the previous year.
What is the average import price for fonio in the world?
+
In 2020, the average fonio import price amounted to $1,994 per tonne, with an increase of 28% against the previous year.

Product coverage:
• FCL 94 - Fonio

This report provides an in-depth analysis of the global fonio market. 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.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
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

11. COUNTRY PROFILES

The Largest Markets and Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, by Country, 2015–2020
Table 5:
Production, in Physical Terms, by Country, 2007–2020
Table 6:
Harvested Area, by Country, 2007–2020
Table 7:
Yield, by Country, 2007–2020
Table 8:
Imports, in Physical Terms, by Country, 2007–2020
Table 9:
Imports, in Value Terms, by Country, 2007–2020
Table 10:
Import Prices, by Country of Destination, 2007–2020
Table 11:
Exports, in Physical Terms, by Country, 2007–2020
Table 12:
Exports, in Value Terms, by Country, 2007–2020
Table 13:
Export Prices, by Country of Origin, 2007–2020
Table 14:
Producer Prices, by Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), by Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, by Country, 2020
Figure 4:
Market Forecast to 2030
Figure 5:
Products: Market Size and Growth, by Type
Figure 6:
Products: Average Per Capita Consumption, by Type
Figure 7:
Products: Exports and Growth, by Type
Figure 8:
Products: Export Prices and Growth, by Type
Figure 9:
Production Volume and Growth
Figure 10:
Yield and Growth
Figure 11:
Exports and Growth
Figure 12:
Export Prices and Growth
Figure 13:
Market Size and Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports and Growth
Figure 16:
Import Prices
Figure 17:
Production, in Physical Terms, 2007–2020
Figure 18:
Production, in Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, by Country, 2020
Figure 22:
Production, in Physical Terms, by Country, 2007–2020
Figure 23:
Harvested Area, by Country, 2020
Figure 24:
Harvested Area, by Country, 2007–2020
Figure 25:
Yield, by Country, 2007–2020
Figure 26:
Imports, in Physical Terms, 2007–2020
Figure 27:
Imports, in Value Terms, 2007–2020
Figure 28:
Imports, in Physical Terms, by Country, 2020
Figure 29:
Imports, in Physical Terms, by Country, 2007–2020
Figure 30:
Imports, in Value Terms, by Country, 2007–2020
Figure 31:
Import Prices, by Country, 2007–2020
Figure 32:
Exports, in Physical Terms, 2007–2020
Figure 33:
Exports, in Value Terms, 2007–2020
Figure 34:
Exports, in Physical Terms, by Country, 2020
Figure 35:
Exports, in Physical Terms, by Country, 2007–2020
Figure 36:
Exports, in Value Terms, by Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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