
Portugal - Fonio - Market Analysis, Forecast, Size, Trends and Insights
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Portugal: Fonio Market Overview 2021
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Fonio Market Size in Portugal
The Portuguese fonio market declined to $X in 2019, with a decrease 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 a drastic downturn. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2014 to 2019, the growth of the market remained at a lower figure.
Fonio Exports
Exports from Portugal
In 2019, shipments abroad of fonio decreased by X% to X kg for the first time since 2015, thus ending a three-year declining trend. Over the period under review, exports continue to indicate a precipitous descent. Over the period under review, exports attained the maximum at X kg in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.
In value terms, fonio exports totaled $X in 2019. Overall, exports showed a dramatic slump. Exports peaked at $X in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.
Exports by Country
The Netherlands (X kg) was the main destination for fonio exports from Portugal, accounting for a approx. X% share of total exports.
From 2012 to 2016, the average annual rate of growth in terms of volume to the Netherlands amounted to -X%.
In value terms, the Netherlands ($X) also remains the key foreign market for fonio exports from Portugal.
From 2012 to 2016, the average annual rate of growth in terms of value to the Netherlands totaled -X%.
Export Prices by Country
The average fonio export price stood at $X per tonne in 2016, waning by -X% against the previous year. Overall, the export price recorded a sharp curtailment. Over the period under review, average export prices hit record highs at $X per tonne in 2015, and then reduced markedly in the following year.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2016, the rate of growth in terms of prices for the Netherlands amounted to -X% per year.
Fonio Imports
Imports into Portugal
Fonio imports into Portugal reduced to X kg in 2019, with a decrease of -X% on the previous year's figure. Over the period under review, imports continue to indicate a mild reduction. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. As a result, imports reached the peak of X kg. From 2014 to 2019, the growth imports remained at a lower figure.
In value terms, fonio imports dropped significantly to $X in 2019. In general, imports saw a dramatic contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. As a result, imports attained the peak of $X. From 2014 to 2019, the growth imports remained at a somewhat lower figure.
Imports by Country
In 2019, Spain (X kg) was the main fonio supplier to Portugal, with a approx. X% share of total imports.
From 2012 to 2019, the average annual growth rate of volume from Spain stood at +X%.
In value terms, Spain ($X) constituted the largest supplier of fonio to Portugal.
From 2012 to 2019, the average annual growth rate of value from Spain totaled -X%.
Import Prices by Country
The average fonio import price stood at $X per tonne in 2019, falling by -X% against the previous year. In general, the import price showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 a decrease of -X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2019, 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 2019, the rate of growth in terms of prices for Spain amounted to -X% per year.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for fonio in the world?+
Guinea (530K tonnes) constituted the country with the largest volume of fonio consumption, comprising approx. 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) constituted the country with the largest volume of fonio production, accounting for 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 Portugal?+
In value terms, Spain ($176) constituted the largest supplier of fonio to Portugal.
What are the leading importers of fonio from Portugal?+
In value terms, the Netherlands ($7) remains the key foreign market for fonio exports from Portugal.
What is the average export price for fonio in Portugal?+
The average fonio export price stood at $1,742 per tonne in 2016, waning by -71.4% against the previous year.
What is the average import price for fonio in Portugal?+
In 2019, the average fonio import price amounted to $1,143 per tonne, dropping by -18.6% against the previous year.
This report provides an in-depth analysis of the fonio market in Portugal. 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 2025.
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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