U.S.: Fonio Market Overview 2021

Fonio Market Size in the U.S.

The U.S. fonio market surged to $X in 2019, jumping by 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). Overall, consumption recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2018 to 2019, the growth of the market failed to regain the momentum.

Fonio Exports

Exports from the U.S.

In 2019, the amount of fonio exported from the U.S. skyrocketed to X kg, jumping by X% compared with the previous year. In general, exports, however, recorded a dramatic slump. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. From 2014 to 2019, the growth exports failed to regain the momentum.

In value terms, fonio exports soared to $X in 2019. Overall, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2014 to 2019, the growth exports remained at a lower figure.

Exports by Country

Panama (X kg) was the main destination for fonio exports from the U.S., accounting for a X% share of total exports. Moreover, fonio exports to Panama exceeded the volume sent to the second major destination, Canada (X kg), threefold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Panama totaled +X%.

In value terms, Canada ($X) remains the key foreign market for fonio exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Panama ($X), with a X% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to Canada totaled -X%.

Export Prices by Country

The average fonio export price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period under review, export 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 export price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Canada ($X per tonne), while the average price for exports to Panama stood at $X per tonne.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Canada.

Fonio Imports

Imports into the U.S.

In 2019, approx. X tonnes of fonio were imported into the U.S.; picking up by X% against 2018. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, fonio imports skyrocketed to $X in 2019. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

Imports by Country

Togo (X tonnes), Mali (X tonnes) and Cote d'Ivoire (X tonnes) were the main suppliers of fonio imports to the U.S., with a combined X% share of total imports.

From 2012 to 2019, the biggest increases were in Cote d'Ivoire (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X) constituted the largest supplier of fonio to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Mali ($X), with a X% share of total imports. It was followed by Guinea, with a X% share.

From 2012 to 2019, the average annual rate of growth in terms of value from Togo was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mali (+X% per year) and Guinea (+X% per year).

Import Prices by Country

The average fonio import price stood at $X per tonne in 2019, waning by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the average import prices remained at a lower figure.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Guinea, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fonio in the world?

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The country with the largest volume of fonio consumption was Guinea (530K tonnes), accounting for 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) constituted the country with the largest volume of fonio production, comprising approx. 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 the U.S.?

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In value terms, Togo ($34K) constituted the largest supplier of fonio to the U.S., comprising 57% of total imports. The second position in the ranking was occupied by Mali ($8.6K), with a 15% share of total imports. It was followed by Guinea, with a 12% share.

What are the leading importers of fonio from the U.S.?

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In value terms, Canada ($2.8K) remains the key foreign market for fonio exports from the U.S., comprising 73% of total exports. The second position in the ranking was occupied by Panama ($1K), with a 26% share of total exports.

What is the average export price for fonio in the U.S.?

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In 2019, the average fonio export price amounted to $5,025 per tonne, which is down by -3.2% against the previous year.

What is the average import price for fonio in the U.S.?

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The average fonio import price stood at $1,673 per tonne in 2019, reducing by -18.1% against the previous year.