U.S.: Fonio Market 2022

Fonio Exports

Exports from the U.S.

In 2020, shipments abroad of fonio was finally on the rise to reach X tonnes after two years of decline. In general, exports, however, saw a abrupt downturn. Over the period under review, the exports attained the peak figure at X tonnes in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

In value terms, fonio exports soared to $X in 2020. Over the period under review, exports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tonnes) was the main destination for fonio exports from the United States, with a X% share of total exports. Moreover, fonio exports to the UK exceeded the volume sent to the second major destination, Canada (X tonnes), twofold.

From 2012 to 2020, the average annual growth rate of volume to the UK was relatively modest.

In value terms, the UK ($X) and Canada ($X) appeared to be the largest markets for fonio exported from the United States worldwide.

In terms of the main countries of destination, Canada, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average fonio export price stood at $X per tonne in 2020, waning by -X% against the previous year. Over the period under review, the export price, however, posted a perceptible increase. The growth pace was the most rapid in 2019 an increase of X% y-o-y. As a result, the export price reached the peak level of $X per tonne, and then plummeted in the following year.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Canada ($X per tonne), while the average price for exports to the UK stood at $X per tonne.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+X%).

Fonio Imports

Imports into the U.S.

Fonio imports into the United States surged to X tonnes in 2020, with an increase of X% on 2019. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Imports peaked in 2020 and are expected to retain growth in the near future.

In value terms, fonio imports surged to $X in 2020. In general, imports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

Togo (X tonnes), Senegal (X tonnes) and Mali (X tonnes) were the main suppliers of fonio imports to the United States, together comprising X% of total imports.

From 2012 to 2020, the biggest increases were in Togo (+X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2020, the average annual rate of growth in terms of value from Togo amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Senegal (+X% per year) and Mali (+X% per year).

Import Prices by Country

In 2020, the average fonio import price amounted to $X per tonne, remaining relatively unchanged against the previous year. In general, the import price, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2017 to 2020, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Togo ($X per tonne), while the price for Mali ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Togo (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform