Romania: Fonio Market Overview 2021

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?

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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?

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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?

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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?

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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?

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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?

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The average fonio import price stood at $5,051 per tonne in 2019, increasing by 4.3% against the previous year.