Italy: Fonio Market Overview 2021

Fonio Market Size in Italy

In 2019, the Italian fonio market decreased by -X% to $X, falling for the fourth year in a row after four years of growth. In general, consumption, however, saw a perceptible increase. The growth pace was the most rapid in 2015 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2016 to 2019, the growth of the market remained at a somewhat lower figure.

Fonio Exports

Exports from Italy

In 2019, overseas shipments of fonio decreased by -X% to X kg, falling for the fifth consecutive year after three years of growth. Overall, exports faced a significant contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

In value terms, fonio exports shrank dramatically to $X in 2019. Over the period under review, exports faced a sharp reduction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2019, the average annual rate of growth in terms of volume to Germany totaled +X%.

From 2012 to 2019, the average annual rate of growth in terms of value to Germany amounted to +X%.

Export Prices by Country

In 2019, the average fonio export price amounted to $X per tonne, picking up by X% against the previous year. In general, the export price saw a strong expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2019 and is expected to retain growth in years to come.

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

From 2012 to 2019, the rate of growth in terms of prices for Germany amounted to +X% per year.

Fonio Imports

Imports into Italy

In 2019, purchases abroad of fonio decreased by -X% to X tonnes, falling for the fourth consecutive year after four years of growth. Overall, imports, however, posted a noticeable expansion. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Imports peaked at X tonnes in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

In value terms, fonio imports declined remarkably to $X in 2019. Over the period under review, imports, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Germany (X tonnes) constituted the largest fonio supplier to Italy, with a X% share of total imports. Moreover, fonio imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X kg), sevenfold.

From 2012 to 2019, the average annual rate of growth in terms of volume from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and the Netherlands (-X% per year).

In value terms, the largest fonio suppliers to Italy were Germany ($X), the UK ($X) and the Netherlands ($X terms of the main suppliers, Germany (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average fonio import price stood at $X per tonne in 2019, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fonio in the world?

+

Guinea (530K tonnes) remains the largest fonio consuming country worldwide, accounting for 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. Mali (41K tonnes) ranked third in terms of total production with a 5.8% share.

What are the leading suppliers of fonio to Italy?

+

In value terms, the largest fonio suppliers to Italy were Germany ($3.7K), the UK ($2.2K) and the Netherlands ($2.2K).

What is the average export price for fonio in Italy?

+

In 2019, the average fonio export price amounted to $6,071 per tonne, growing by 58% against the previous year.

What is the average import price for fonio in Italy?

+

The average fonio import price stood at $2,701 per tonne in 2019, increasing by 24% against the previous year.