
Peru - Fonio - Market Analysis, Forecast, Size, Trends and Insights
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) :
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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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