United Arab Emirates: Fonio Market 2023

Fonio Market Size in the United Arab Emirates

In 2022, the fonio market in the United Arab Emirates increased by 7.7% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a tangible increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Fonio Exports

Exports from the United Arab Emirates

In 2020, fonio exports from the United Arab Emirates surged to X tons, increasing by 72% against the previous year's figure. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fonio exports dropped sharply to $X in 2020. In general, exports, however, saw a precipitous shrinkage. Over the period under review, the exports hit record highs at $X in 2019, and then shrank notably in the following year.

Exports by Country

Congo (X tons) was the main destination for fonio exports from the United Arab Emirates, accounting for a approx. 100% share of total exports.

From 2019 to 2020, the average annual growth rate of volume to Congo stood at +71.2%.

In value terms, Congo ($X) also remains the key foreign market for fonio exports from the United Arab Emirates.

From 2019 to 2020, the average annual growth rate of value to Congo amounted to -70.2%.

Export Prices by Country

In 2020, the average fonio export price amounted to $X per ton, with a decrease of -81.7% against the previous year. Overall, the export price showed a sharp descent. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019, and then contracted significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for Congo.

From 2019 to 2020, the rate of growth in terms of prices for Congo amounted to -82.6% per year.

Fonio Imports

Imports into the United Arab Emirates

In 2022, purchases abroad of fonio decreased by -8.3% to X tons, falling for the second consecutive year after four years of growth. Overall, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 170% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, fonio imports surged to $X in 2022. In general, imports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2017 when imports increased by 122%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of fonio to the United Arab Emirates, with a 49% share of total imports. It was followed by Germany (X kg), with a 1.4% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +4.5%.

In value terms, the Netherlands ($X) constituted the largest supplier of fonio to the United Arab Emirates, comprising 49% of total imports. The second position in the ranking was held by Germany ($X), with a 0.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at -9.1%.

Import Prices by Country

In 2022, the average fonio import price amounted to $X per ton, surging by 41% against the previous year. In general, the import price, however, continues to indicate a abrupt decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-13.0%).

Source: IndexBox Platform

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