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Romania - Fonio - Market Analysis, Forecast, Size, Trends and Insights
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Romania: Fonio Market Overview 2021

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Fonio Market Size in Romania

The Romanian fonio market soared to $X in 2019, rising by X% against the previous year. Over the period under review, consumption saw a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the market reached the peak level in 2019 and is expected to retain growth in the immediate term.

Fonio Production in Romania

In value terms, fonio production shrank sharply to $X in 2019 estimated in export prices. Over the period under review, production recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Fonio production peaked at $X in 2017; however, from 2018 to 2019, production failed to regain the momentum.

In 2019, the average fonio yield in Romania stood at X kg per ha, remaining constant against 2018. In general, the yield showed 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 2019, approx. X ha of fonio were harvested in Romania; approximately mirroring the year before. Overall, the harvested area saw a relatively flat trend pattern.

Fonio Exports

Exports from Romania

In 2019, overseas shipments of fonio decreased by X% to X kg for the first time since 2015, thus ending a three-year declining trend. In general, exports continue to indicate a significant decline. Over the period under review, exports attained the peak figure at X kg in 2015; however, from 2016 to 2019, exports remained at a lower figure.

In value terms, fonio exports amounted to $X in 2019. Over the period under review, exports recorded a sharp setback. Exports peaked at $X in 2015; however, from 2016 to 2019, exports remained at a lower figure.

Exports by Country

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

From 2012 to 2016, the average annual rate of growth in terms of volume to the Netherlands stood at -X%.

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

From 2012 to 2016, the average annual rate of growth in terms of value to the Netherlands stood at -X%.

Export Prices by Country

The average fonio export price stood at $X per tonne in 2016, declining by -X% against the previous year. Overall, the export price saw a precipitous slump. Over the period under review, average export prices attained the peak figure at $X per tonne in 2015, and then shrank dramatically 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 Romania

In 2019, purchases abroad of fonio increased by X% to X tonnes, rising for the third year in a row after two years of decline. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Imports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, fonio imports soared to $X in 2019. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2019 and are expected to retain growth in the near future.

Imports by Country

In 2019, Hungary (X tonnes) was the main fonio supplier to Romania, accounting for a X% share of total imports. It was followed by Germany (X kg), with a X% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of volume from Hungary amounted to +X%.

In value terms, Hungary ($X) constituted the largest supplier of fonio to Romania, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports.

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

Import Prices by Country

In 2019, the average fonio import price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2019: its price increased at an average annual rate of +X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, fonio import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% y-o-y. The import price peaked in 2019 and is expected to retain growth in the immediate term.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Hungary.

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. The third position in this ranking was occupied by Mali (41K tonnes), 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, accounting for 76% of total volume. Moreover, fonio production in Guinea exceeded the figures recorded by the second-largest producer, Nigeria (83K tonnes), sixfold. The third position in this ranking was occupied by Mali (41K tonnes), with a 5.8% share.
What are the leading suppliers of fonio to Romania?
+
In value terms, Hungary ($18K) constituted the largest supplier of fonio to Romania, comprising 91% of total imports. The second position in the ranking was occupied by Germany ($1.8K), with a 9% share of total imports.
What are the leading importers of fonio from Romania?
+
In value terms, the Netherlands ($2) remains the key foreign market for fonio exports from Romania.
What is the average export price for fonio in Romania?
+
In 2016, the average fonio export price amounted to $2,000 per tonne, declining by -51.6% against the previous year.
What is the average import price for fonio in Romania?
+
The average fonio import price stood at $5,051 per tonne in 2019, increasing by 4.3% against the previous year.

Product coverage:
• FCL 94 - Fonio

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


Country coverage:
• Romania

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Romania
• 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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 PRODUCTS

Finding New Products to Diversify Your Business

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

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

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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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