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

Fonio Market Size in the UK

The UK fonio market shrank dramatically to $X in 2020, reducing 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). In general, consumption showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the market value increased by X% year-to-year. Fonio consumption peaked at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Fonio Exports

Exports from the UK

Fonio exports from the UK contracted to X tonnes in 2020, waning by -X% compared with 2019 figures. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Exports peaked at X tonnes in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, fonio exports declined dramatically to $X in 2020. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

Exports by Country

Belgium (X tonnes) was the main destination for fonio exports from the UK, accounting for a X% share of total exports. Moreover, fonio exports to Belgium exceeded the volume sent to the second major destination, Ireland (X kg), fourfold. Lithuania (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Belgium totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-X% per year) and Lithuania (+X% per year).

In value terms, Belgium ($X) remains the key foreign market for fonio exports from the UK, comprising X% of total exports. The second position in the ranking was occupied by Lithuania ($X), with a X% share of total exports. It was followed by Ireland, with a X% share.

From 2012 to 2020, the average annual growth rate of value to Belgium totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+X% per year) and Ireland (-X% per year).

Export Prices by Country

In 2020, the average fonio export price amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2020: its price increased at an average annual rate of +X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, fonio export price decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced mixed trend patterns.

Fonio Imports

Imports into the UK

Fonio imports into the UK declined remarkably to X tonnes in 2020, dropping by -X% compared with the previous year. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, fonio imports shrank dramatically to $X in 2020. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Spain (X tonnes) was the main supplier of fonio to the UK, accounting for a X% share of total imports. It was followed by the Netherlands (X kg), with a X% share of total imports.

From 2012 to 2020, the average annual growth rate of volume from Spain stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Mali (+X% per year).

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

From 2012 to 2020, the average annual growth rate of value from Spain stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mali (+X% per year) and the Netherlands (-X% per year).

Import Prices by Country

In 2020, the average fonio import price amounted to $X per tonne, falling by -X% against the previous year. In general, the import price recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. from 2019 to 2020, the growth in terms of the average import prices remained at a lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fonio in the world?
+
The country with the largest volume of fonio consumption was Guinea (566K tonnes), comprising approx. 76% of total volume. Moreover, fonio consumption in Guinea exceeded the figures recorded by the second-largest consumer, Nigeria (85K tonnes), sevenfold. The third position in this ranking was occupied by Mali (42K tonnes), with a 5.6% share.
What are the largest producers of fonio in the world?
+
The country with the largest volume of fonio production was Guinea (566K tonnes), accounting for 76% of total volume. Moreover, fonio production in Guinea exceeded the figures recorded by the second-largest producer, Nigeria (85K tonnes), sevenfold. Mali (42K tonnes) ranked third in terms of total production with a 5.6% share.
What are the leading suppliers of fonio to the UK?
+
In value terms, Spain ($9.9K) constituted the largest supplier of fonio to the UK, comprising 90% of total imports. The second position in the ranking was occupied by Mali ($411), with a 3.8% share of total imports.
What are the leading importers of fonio from the UK?
+
In value terms, Belgium ($10K) remains the key foreign market for fonio exports from the UK, comprising 78% of total exports. The second position in the ranking was occupied by Lithuania ($1.5K), with a 11% share of total exports. It was followed by Ireland, with a 6.9% share.
What is the average export price for fonio in the UK?
+
The average fonio export price stood at $4,680 per tonne in 2020, declining by -8.7% against the previous year.
What is the average import price for fonio in the UK?
+
The average fonio import price stood at $1,376 per tonne in 2020, dropping by -39.8% against the previous year.

Product coverage:
• FCL 94 - Fonio

This report provides an in-depth analysis of the fonio market in the UK. 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:
• United Kingdom

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the UK
• 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

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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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