Asia: Fonio Market 2025

Fonio Market Size in Asia

The Asian fonio market was estimated at $X in 2022, with an increase of 10% against the previous year. In general, consumption enjoyed prominent growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Fonio Production in Asia

In value terms, fonio production reduced slightly to $X in 2022 estimated in export price. In general, production continues to indicate a precipitous decrease. The growth pace was the most rapid in 2016 when the production volume increased by 902% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were India (X tons), Malaysia (X tons) and China (X kg), with a combined 100% share of total production.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +1.3%), while production for the other leaders experienced mixed trends in the production figures.

Fonio Exports

Exports in Asia

In 2022, shipments abroad of fonio decreased by -84.2% to X kg, falling for the second year in a row after two years of growth. Over the period under review, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 329% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, fonio exports surged to $X in 2022. Overall, exports recorded a dramatic descent. The pace of growth was the most pronounced in 2014 with an increase of 807% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the key exporting country with an export of around X kg, which recorded 67% of total exports. It was distantly followed by India (X kg), committing a 33% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of -29.2%).

In value terms, India ($X) remains the largest fonio supplier in Asia, comprising 84% of total exports. The second position in the ranking was held by China ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at -31.2%.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, picking up by 1,006% against the previous year. Over the period under review, the export price recorded significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+36.2%).

Fonio Imports

Imports in Asia

In 2022, overseas purchases of fonio were finally on the rise to reach X tons after two years of decline. In general, imports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2013 with an increase of 439%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, fonio imports surged to $X in 2022. Overall, imports recorded a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 332%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons), Saudi Arabia (X tons), Kuwait (X tons) and Japan (X tons) was the major importer of fonio in Asia, making up 100% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Saudi Arabia (with a CAGR of +30.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2022, with a combined 70% share of total imports.

Saudi Arabia, with a CAGR of +31.1%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, increasing by 34% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 when the import price increased by 144%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+11.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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