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

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