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Store → Agriculture → Cereals → Fonio
Report Peru - Fonio - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Sep 1, 2023

Peru - Fonio - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Fonio Market 2023

Fonio Market Size in Peru

The Peruvian fonio market totaled $X in 2022, remaining stable against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Fonio Production in Peru

In value terms, fonio production amounted to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 22% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of fonio in Peru was estimated at less than X kg per ha, therefore, remained relatively stable against 2021 figures. In general, the yield recorded 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 2022, approx. less than X ha of fonio were harvested in Peru; remaining stable against the previous year's figure. In general, the harvested area showed a relatively flat trend pattern.

Fonio Exports

Exports from Peru

In 2017, approx. X tons of fonio were exported from Peru; rising by 123% on the previous year. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fonio exports rose rapidly to $X in 2017. The total export value increased at an average annual rate of +9.6% over the period from 2016 to 2017; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons) was the main destination for fonio exports from Peru, accounting for a approx. 99.9% share of total exports.

From 2016 to 2017, the average annual growth rate of volume to Malaysia stood at +123.3%.

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

From 2016 to 2017, the average annual growth rate of value to Malaysia totaled +9.5%.

Export Prices by Country

In 2017, the average fonio export price amounted to $X per ton, reducing by -50.9% against the previous year. Overall, the export price recorded a sharp decrease. The export price peaked at $X per ton in 2016, and then declined rapidly in the following year.

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

From 2016 to 2017, the rate of growth in terms of prices for Malaysia amounted to -50.9% per year.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

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, accounting for 73% of total volume. Moreover, fonio consumption in Guinea exceeded the figures recorded by the second-largest consumer, Nigeria, sixfold. The third position in this ranking was taken by Mali, with a 6.9% share.
What are the largest producers of fonio in the world?
+
The country with the largest volume of fonio production was Guinea, accounting for 73% of total volume. Moreover, fonio production in Guinea exceeded the figures recorded by the second-largest producer, Nigeria, sixfold. The third position in this ranking was held by Mali, with a 6.9% share.
What are the leading importers of fonio from Peru?
+
In value terms, Malaysia remains the key foreign market for fonio exports from Peru.
What is the average export price for fonio in Peru?
+
In 2017, the average fonio export price amounted to $1,396 per ton, reducing by -50.9% against the previous year.

This report provides an in-depth analysis of the fonio market in Peru. 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 2030.


Product coverage:
• FCL 94 - Fonio
Country coverage:
• Peru

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Peru
• 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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS  This Chapter is Available Only for the Professional Edition PRO
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 PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
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

This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Yield And Growth
Figure 16:
Exports And Growth
Figure 17:
Export Prices And Growth
Figure 18:
Market Size And Growth
Figure 19:
Per Capita Consumption
Figure 20:
Imports And Growth
Figure 21:
Import Prices
Figure 22:
Production, In Physical Terms, 2012–2022
Figure 23:
Production, In Value Terms, 2012–2022
Figure 24:
Area Harvested, 2012–2022
Figure 25:
Yield, 2012–2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country Of Origin, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, By Country Of Destination, 2012–2022
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