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World - Fonio - Market Analysis, Forecast, Size, Trends and Insights
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Global Fonio Market Overview 2020

Fonio Market Size

In 2019, the global fonio market decreased by -X% to $X for the first time since 2014, thus ending a four-year rising trend. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2019: its value 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, consumption increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Fonio Production

In value terms, fonio production shrank rapidly to $X in 2019 estimated in export prices. In general, production continues to indicate buoyant growth. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. As a result, production reached the peak level of $X, and then fell dramatically in the following year.

The country with the largest volume of fonio production was Guinea (X tonnes), comprising approx. X% of total volume. Moreover, fonio production in Guinea exceeded the figures recorded by the second-largest producer, Nigeria (X tonnes), sixfold. Mali (X tonnes) ranked third in terms of total production with a X% share.

From 2012 to 2019, the average annual rate of growth in terms of volume in Guinea totaled +X%. The remaining producing countries recorded the following average annual rates of production growth: Nigeria (+X% per year) and Mali (+X% per year).

The global average fonio yield shrank slightly to X kg per ha in 2019, dropping by -X% on the previous year's figure. Overall, the yield saw a perceptible decline. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. As a result, the yield reached the peak level of X kg per ha. From 2014 to 2019, the growth of the average fonio yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global fonio harvested area reached X ha in 2019, surging by X% against 2018. The harvested area increased at an average annual rate of +X% from 2012 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the harvested area increased by X% y-o-y. The global harvested area peaked in 2019 and is expected to retain growth in the immediate term.

Production By Country

Guinea (X tonnes) constituted the country with the largest volume of fonio production, accounting for X% of total volume. Moreover, fonio production in Guinea exceeded the figures recorded by the second-largest producer, Nigeria (X tonnes), sixfold. The third position in this ranking was occupied by Mali (X tonnes), with a X% share.

In Guinea, fonio production expanded at an average annual rate of +X% over the period from 2012-2019. The remaining producing countries recorded the following average annual rates of production growth: Nigeria (+X% per year) and Mali (+X% per year).

Fonio Exports

Exports

In 2019, overseas shipments of fonio were finally on the rise to reach X tonnes for the first time since 2012, thus ending a six-year declining trend. Overall, exports, however, recorded a sharp shrinkage. Over the period under review, global exports reached the peak figure at X tonnes in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

In value terms, fonio exports skyrocketed to $X in 2019. Over the period under review, exports, however, saw a dramatic decline. Global exports peaked at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Senegal was the key exporter of fonio in the world, with the volume of exports finishing at X tonnes, which was approx. X% of total exports in 2019. Burkina Faso (X tonnes) held the second position in the ranking, followed by Hungary (X tonnes), the Netherlands (X tonnes) and Mali (X tonnes). All these countries together took near X% share of total exports. Spain (X tonnes) took a little share of total exports.

Senegal was also the fastest-growing in terms of the fonio exports, with a CAGR of +X% from 2012 to 2019. At the same time, Burkina Faso (+X%) and Spain (+X%) displayed positive paces of growth. By contrast, Mali (-X%), Hungary (-X%) and the Netherlands (-X%) illustrated a downward trend over the same period. While the share of Senegal (+X p.p.), Burkina Faso (+X p.p.) and Spain (+X p.p.) increased significantly in terms of the global exports from 2012-2019, the share of Mali (-X p.p.), Hungary (-X p.p.) and the Netherlands (-X p.p.) displayed negative dynamics.

In value terms, Senegal ($X) emerged as the largest fonio supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Mali ($X), with a X% share of global exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2019, the average annual growth rate of value in Senegal amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Mali (+X% per year) and the Netherlands (-X% per year).

Export Prices by Country

In 2019, the average fonio export price amounted to $X per tonne, surging by X% against the previous year. Overall, export price indicated a buoyant expansion 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 2014 indices. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. Over the period under review, average export prices attained the maximum in 2019 and is expected to retain growth in the immediate term.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Mali, while the other global leaders experienced more modest paces of growth.

Fonio Imports

Imports

In 2019, overseas purchases of fonio increased by X% to X tonnes, rising for the fourth consecutive year after three years of decline. In general, imports, however, continue to indicate a deep setback. Over the period under review, global imports attained the maximum at X tonnes in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

In value terms, fonio imports expanded significantly to $X in 2019. Over the period under review, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, global imports attained the peak figure at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

The Netherlands (X tonnes) and the UK (X tonnes) were the largest importers of fonio in 2019, amounting to near X% and X% of total imports, respectively. It was distantly followed by Congo (X tonnes), committing a X% share of total imports. Italy (X tonnes), Spain (X tonnes) and Malaysia (X tonnes) followed a long way behind the leaders.

From 2012 to 2019, the biggest increases were in the UK, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported fonio worldwide, comprising X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by Spain, with a X% share.

In the Netherlands, fonio imports increased at an average annual rate of +X% over the period from 2012-2019. In the other countries, the average annual rates were as follows: the UK (+X% per year) and Spain (+X% per year).

Import Prices by Country

The average fonio import price stood at $X per tonne in 2019, declining by -X% against the previous year. Overall, import price indicated a measured 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. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the average import prices failed to regain the momentum.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI 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 (508K tonnes), accounting for 76% of total volume. Moreover, fonio consumption in Guinea exceeded the figures recorded by the second-largest consumer, Nigeria (85K tonnes), sixfold. Mali (28K tonnes) ranked third in terms of total consumption with a 4.2% share.
What are the largest producers of fonio in the world?
+
Guinea (508K tonnes) constituted the country with the largest volume of fonio production, accounting for 76% of total volume. Moreover, fonio production in Guinea exceeded the figures recorded by the second-largest producer, Nigeria (85K tonnes), sixfold. The third position in this ranking was occupied by Mali (28K tonnes), with a 4.2% share.
What are the leading suppliers of fonio in the world?
+
In value terms, Senegal ($289K) emerged as the largest fonio supplier worldwide, comprising 60% of global exports. The second position in the ranking was occupied by Mali ($56K), with a 12% share of global exports. It was followed by the Netherlands, with a 9.6% share.
What are the leading importers of fonio in the world?
+
In value terms, the Netherlands ($1.4M) constitutes the largest market for imported fonio worldwide, comprising 61% of global imports. The second position in the ranking was occupied by the UK ($576K), with a 26% share of global imports. It was followed by Spain, with a 3.2% share.
What is the average export price for fonio in the world?
+
In 2019, the average fonio export price amounted to $1,970 per tonne, picking up by 9.6% against the previous year.
What is the average import price for fonio in the world?
+
The average fonio import price stood at $2,333 per tonne in 2019, shrinking by -6.7% against the previous year.

Product coverage:
• FCL 94 - Fonio

This report provides an in-depth analysis of the global fonio market. 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.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Harvested Area, By Country, 2007–2019
Table 7:
Yield, By Country, 2007–2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Area Harvested, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Harvested Area, By Country, 2019
Figure 24:
Harvested Area, By Country, 2007–2019
Figure 25:
Yield, By Country, 2007–2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

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