Apr 10, 2019

World - Fonio - Market Analysis, Forecast, Size, Trends and Insights

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Global Fonio Market Overview 2019

Fonio Market Size

The global fonio market revenue amounted to $X in 2018, shrinking by -X% against the previous year. Over the period under review, fonio consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when the market value increased by X% year-to-year. In that year, the global fonio market attained its peak level of $X. From 2015 to 2018, the growth of the global fonio market remained at a somewhat lower figure.

Fonio Production

In value terms, fonio production stood at $X in 2018 estimated in export prices. Overall, fonio production continues to indicate a prominent increase. The pace of growth was the most pronounced in 2014, with an increase of X% y-o-y. In that year, global fonio production attained its peak level of $X. From 2015 to 2018, global fonio production growth remained at a lower figure.

Guinea (X tonnes) remains the largest fonio producing country worldwide, accounting for X% of total production. Moreover, fonio production in Guinea exceeded the figures recorded by the world's second largest producer, Nigeria (X tonnes), sevenfold. Mali (X tonnes) ranked third in terms of total production with a X% share.

In Guinea, fonio production increased at an average annual rate of +X% over the period from 2012-2018. The remaining producing countries recorded the following average annual rates of production growth: Nigeria (+X% per year) and Mali (+X% per year).

In 2018, the global average fonio yield stood at X kg per ha, waning by -X% against the previous year. Overall, fonio yield continues to indicate a temperate contraction. The pace of growth appeared the most rapid in 2013, with an increase of X% against the previous year. In that year, the average fonio yield attained its peak level of X kg per ha. From 2014 to 2018, the growth of the average fonio yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Global fonio harvested area stood at X ha in 2018, rising by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2012 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014, when the harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to fonio production reached its peak figure in 2018, and is likely to continue its growth in the immediate term.

Fonio Exports

Exports 2007-2018

Global exports amounted to X tonnes in 2018, going up by X% against the previous year. Overall, fonio exports, however, continue to indicate a drastic decline. The growth pace was the most rapid in 2018, with an increase of X% against the previous year. Over the period under review, global fonio exports reached their peak figure at X tonnes in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

In value terms, fonio exports amounted to $X in 2018. Over the period under review, fonio exports, however, continue to indicate a dramatic deduction. The growth pace was the most rapid in 2014, when the exports increased by X% year-to-year. Over the period under review, global fonio exports attained their maximum at $X in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands prevails in fonio exports structure, accounting for X tonnes, which was near X% of total exports in 2018. It was distantly followed by Guinea (X tonnes), creating X% share of total exports. Burkina Faso (X tonnes), Peru (X tonnes) and Mali (X tonnes) took a little share of total exports.

From 2012 to 2018, average annual rates of growth with regard to fonio exports from the Netherlands stood at +X%. At the same time, Burkina Faso (+X%), Guinea (+X%) and Peru (+X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2012-2018. By contrast, Mali (-X%) illustrated a downward trend over the same period. While the share of Mali (X%) increased significantly in terms of the global exports from 2012-2018, the share of Peru (-X%), Burkina Faso (-X%), Guinea (-X%) and the Netherlands (-X%) displayed negative dynamics.

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

In the Netherlands, fonio exports declined by an average annual rate of -X% over the period from 2012-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Guinea (+X% per year) and Mali (+X% per year).

Export Prices by Country

In 2018, the average fonio export price amounted to $X per tonne, dropping by -X% against the previous year. In general, the fonio export price continues to indicate a deep curtailment. The pace of growth was the most pronounced in 2014, an increase of X% year-to-year. Global export price peaked at $X per tonne in 2012; however, from 2013 to 2018, export prices failed to regain their momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was Mali ($X per tonne), while the Netherlands ($X per tonne) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of export prices was attained by Mali, while the other global leaders experienced mixed trends in the export price figures.

Fonio Imports

Imports 2007-2018

In 2018, the global imports of fonio amounted to X tonnes, reducing by -X% against the previous year. In general, fonio imports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2016, with an increase of X% year-to-year. Over the period under review, global fonio imports attained their maximum at X tonnes in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

In value terms, fonio imports amounted to $X in 2018. In general, fonio imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2015, with an increase of X% year-to-year. Global imports peaked at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the Netherlands (X tonnes), distantly followed by the UK (X tonnes) and Belgium (X tonnes) represented the main importers of fonio, together generating X% of total imports. Congo (X tonnes), Poland (X tonnes), Spain (X tonnes) and Malaysia (X tonnes) took a minor share of total imports.

From 2012 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the UK, while the other global leaders experienced more modest paces of growth.

In value terms, the largest fonio importing markets worldwide were the Netherlands ($X), Belgium ($X) and the UK ($X), with a combined X% share of global imports.

Among the main importing countries, the UK recorded the highest rates of growth with regard to imports, over the last six years, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average fonio import price amounted to $X per kg, picking up by X% against the previous year. Over the period under review, the import price indicated a prominent expansion from 2012 to 2018: its price increased at an average annual rate of +X% over the last six year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the fonio import price decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2013, when the average import price increased by X% against the previous year. Global import price peaked at $X per tonne in 2015; however, from 2016 to 2018, import prices remained at a lower figure.

Import prices varied noticeably by the country of destination; the country with the highest import price was Belgium ($X per tonne), while Spain ($X per tonne) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of import prices was attained by Belgium, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

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 2025
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 2007–2018
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 2007–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Harvested Area, By Country, 2007–2018
Table 7:
Yield, By Country, 2007–2018
Table 8:
Imports, In Physical Terms, By Country, 2007–2018
Table 9:
Imports, In Value Terms, By Country, 2007–2018
Table 10:
Import Prices, By Country Of Destination, 2007–2018
Table 11:
Exports, In Physical Terms, By Country, 2007–2018
Table 12:
Exports, In Value Terms, By Country, 2007–2018
Table 13:
Export Prices, By Country Of Origin, 2007–2018
Table 14:
Producer Prices, By Major Producing Country, 2018
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
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, 2007–2018
Figure 18:
Production, In Value Terms, 2007–2018
Figure 19:
Area Harvested, 2007–2018
Figure 20:
Yield, 2007–2018
Figure 21:
Production, By Country, 2018
Figure 22:
Production, In Physical Terms, By Country, 2007–2018
Figure 23:
Harvested Area, By Country, 2018
Figure 24:
Harvested Area, By Country, 2007–2018
Figure 25:
Yield, By Country, 2007–2018
Figure 26:
Imports, In Physical Terms, 2007–2018
Figure 27:
Imports, In Value Terms, 2007–2018
Figure 28:
Imports, In Physical Terms, By Country, 2018
Figure 29:
Imports, In Physical Terms, By Country, 2007–2018
Figure 30:
Imports, In Value Terms, By Country, 2007–2018
Figure 31:
Import Prices, By Country, 2007–2018
Figure 32:
Exports, In Physical Terms, 2007–2018
Figure 33:
Exports, In Value Terms, 2007–2018
Figure 34:
Exports, In Physical Terms, By Country, 2018
Figure 35:
Exports, In Physical Terms, By Country, 2007–2018
Figure 36:
Exports, In Value Terms, By Country, 2007–2018
Figure 37:
Export Prices, 2007–2018
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