Portugal: Fonio Market Overview 2021

Fonio Market Size in Portugal

The Portuguese fonio market was estimated at $X in 2020, with an increase of 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). In general, consumption saw significant growth. The pace of growth appeared the most rapid in 2018 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. from 2019 to 2020, the growth of the market remained at a somewhat lower figure.

Fonio Exports

Exports from Portugal

In 2020, the amount of fonio exported from Portugal was estimated at X kg, almost unchanged from the previous year's figure. In general, exports saw a relatively flat trend pattern. Exports peaked at X kg in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, fonio exports amounted to $X in 2020. Overall, exports continue to indicate a relatively flat trend pattern. Exports peaked at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2015, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

From 2012 to 2015, the average annual growth rate of value to the Netherlands was relatively modest.

Export Prices by Country

The average fonio export price stood at $X per tonne in 2015, remaining relatively unchanged against the previous year. Overall, the export price showed a relatively flat trend pattern. The export price peaked in 2015 and is expected to retain growth in the near future.

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

From 2012 to 2015, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Fonio Imports

Imports into Portugal

In 2020, approx. X tonnes of fonio were imported into Portugal; surging by X% on 2019 figures. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. from 2019 to 2020, the growth imports remained at a lower figure.

In value terms, fonio imports amounted to $X in 2020. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, imports attained the peak of $X. from 2019 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Spain (X tonnes) was the main fonio supplier to Portugal, with a approx. X% share of total imports.

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

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

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

Import Prices by Country

In 2020, the average fonio import price amounted to $X per tonne, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. The import price peaked 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 Spain.

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

Source: IndexBox Platform