Italy: Fonio Market Overview 2021

Fonio Market Size in Italy

The Italian fonio market surged to $X in 2020, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted significant growth. The growth pace was the most rapid in 2016 when the market value increased by X% against the previous year. Fonio consumption peaked in 2020 and is likely to see gradual growth in years to come.

Fonio Exports

Exports from Italy

In 2020, shipments abroad of fonio increased by X% to X tonnes, rising for the third consecutive year after five years of decline. Over the period under review, exports, however, continue to indicate a abrupt curtailment. Exports peaked at X tonnes in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

In value terms, fonio exports surged to $X in 2020. In general, exports, however, posted mild growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tonnes) was the main destination for fonio exports from Italy, with a X% share of total exports. Moreover, fonio exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X tonnes), twofold.

From 2012 to 2020, the average annual growth rate of volume to Belgium amounted to +X%.

In value terms, the largest markets for fonio exported from Italy were the Netherlands ($X) and Belgium ($X Netherlands recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2020, the average fonio export price amounted to $X per tonne, surging by X% against the previous year. Overall, the export price saw a strong increase. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Belgium totaled $X per tonne.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands.

Fonio Imports

Imports into Italy

In 2020, after two years of decline, there was significant growth in overseas purchases of fonio, when their volume increased by X% to X tonnes. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fonio imports soared to $X in 2020. Over the period under review, imports posted resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Belgium (X tonnes) was the main fonio supplier to Italy, accounting for a approx. X% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of volume from Belgium stood at +X%.

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

From 2012 to 2020, the average annual growth rate of value from Belgium amounted to +X%.

Import Prices by Country

The average fonio import price stood at $X per tonne in 2020, dropping by -X% against the previous year. Overall, the import price saw a abrupt downturn. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform