We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
World - Fonio - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

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

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
May 3, 2018

Guinea Is the Largest Producing Country of Fonio

IndexBox has just published a new report "World: Fonio - Market Report. Analysis And Forecast To 2025". Here is a summary of the report's key findings.

Global Fonio Consumption Showed Steady Growth Amid Rising Western Africa Demand

Fonio is consumed mainly in the West African countries, where it is also cultivated. The global fonio market showed steady growth, rising from X tons in 2007, to X tons in 2016. Annual rates of growth stood at +X% in physical terms. The growth of fonio consumption during 2007-2016 is due to a significant increase in demand in West African countries against the backdrop of population growth and increased food consumption in general.

From 2007 to 2016, the market value was subject to significant fluctuations against changes in producer prices and crop yield. In 2016, the market value increased by X% to $X.

Guinea (X tons) was the country with the highest consumption, accounting for almost X% of global figures. It was followed by Nigeria (X%), Mali (X%) and Côte d'Ivoire (X%). In terms of the key consumer countries, Guinea (X kg per year in 2016) registered a per capita consumption figure significant higher than the global average consumption figure, at X kg per year, while outside Guinea, fonio consumption was very small: Nigeria (X kg/year), Mali (X kg/year) and Côte d'Ivoire (X kg/year)

In the Medium Term, the Fonio Market Is Set to Continue Modest Growth

The peculiarity of the world fonio market is that the overwhelming share of the produced volume is consumed within the producing West African countries. Due to the fact that fonio is in demand mainly in these countries, there are no grounds to expect drastic changes in the dynamics of its consumption; that is why medium-term market growth will depend mainly on the growth of the population. At the same time, outside Guinea, consumption of fonio grows much more slowly than in this country, therefore it is expected that the growth in demand in Guinea will remain the key driver of market growth within the next few years.

The global growth in fonio consumption is expected to increase at an average annual rate of +X% in the medium term due Western Africa population growth and an increasing demand for food, which is expected to lead the market to a volume of X tons by the end of 2025.

Production of Fonio Increased Steadily Over the Last Nine Years

Production of fonio reached X tons in 2016, with X% growth over the last year. There was a steady growth with an annual average growth rate of +X% from 2007 to 2016.

Guinea Was the Largest Producing Country of Fonio

Guinea (X tons in 2016) was the key world fonio producing country, accounting for X% of total global output. The other major producers were Nigeria (X%), Mali (X%) and Côte d'Ivoire (X%). In addition, most of the major producing countries increased their fonio output. In 2007-2016 annual growth rates were especially high in Guinea (+X%), Côte d'Ivoire (+X%) and Nigeria (+X%). Meanwhile Mali fonio production (+X%) remained relatively stable throughout the analyzed period.

Almost Entire Global Fonio Output Is Consumed Domestically

The share of exports in global demand did not exceed X% from 2007 to 2016. This relatively low trade intensity is due to the fact that the major consuming countries - Guinea and other African countries - produce fonio and consume it domestically. This is because, firstly, fonio grows precisely in these geographical regions; and, secondly, it plays a key role in ensuring food security for the population during the lean years as it is resistant to drought and is relatively cheap to produce.

Exports of Fonio Decreased Noticeably over the Last Four Years

Export flows of fonio are negligible and uneven, therefore the report presents estimates based on official statistics, mirror data and production volumes and per capita consumption. In 2016, the volume of global exports totaled X tons. There was a steady decline, followed by a slight growth in 2016, however, the overall trend was negative.

In 2016, Guinea (X%, based on tons), Mali (X%), Burkina Faso (X%), the Netherlands (X%) and Spain (X%) were tha main suppliers of fonio with a combined share of X% of global exports. In 2012, Belgium was the largest exporter of fonio (X tons in 2012), however, it was not included in the list of top X exporters in 2016, as Belgium exports declined significantly in 2013-2014, and it was not recorded in subsequent years. Guinea, Mali, Burkina Faso and Spain held an insignificant share in total exports in 2012, with the Netherlands being the largest exporter, after Belgium (X tons in 2012). Taking into account that the fonio does not grow in these European countries, these shipments should be referred to re-export.

Imports of Fonio Experienced Dramatic Decline over the Last Four Years

The volume of global imports totaled X tons, which was equal to X USD. Imports dynamics was generally in line with exports: these trade flows globally complement each other. They are also negligible and uneven.

In 2016, France (X%, based on tons), Cambodia (X%), the Netherlands (X%), Spain (X%) were the leading destinations of fonio imports, together making up X% of global imports in physical terms. In 2012, Belgium (X tons) was the leading importer, by 2016 imports were down to X ton, therefore, in 2016, the country did not make the top-X largest importers list. By contrast, imports to France, Cambodia, the Netherlands and Spain were negligible in 2012.

Do you want to know more about global fonio market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • fonio market share
  • fonio prices
  • fonio industry
  • fonio sales
  • fonio import
  • fonio export
  • fonio market forecast
  • fonio price forecast
  • key fonio producers

Source: IndexBox Market Intelligence Platform

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 2030.

Product coverage:

  • FCL 94 - Fonio

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • 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

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

Recommended posts

Free Data: Fonio - World
Table
Fonio - World - Table
Dashboard
Fonio - World - Dashboard
Report
Fonio - World - Report