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

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Benin: Fonio Market 2020

Fonio Market Size in Benin

The revenue of the fonio market in Benin amounted to $X in 2018, shrinking by -X% against the previous year. Overall, fonio consumption continues to indicate an abrupt descent. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Over the period under review, the fonio market reached its maximum level at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Fonio Production in Benin

In value terms, fonio production totaled $X in 2018 estimated in export prices. Over the period under review, fonio production continues to indicate a deep drop. The pace of growth appeared the most rapid in 2014 when production volume increased by X% y-o-y. Over the period under review, fonio production reached its maximum level at $X in 2008; however, from 2009 to 2018, production stood at a somewhat lower figure.

In 2018, the average yield of fonio in Benin amounted to X kg per ha, remaining constant against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The growth pace was the most rapid in 2014 when yield increased by X% year-to-year. In that year, the fonio yield reached its peak level of X kg per ha. From 2015 to 2018, the growth of the fonio yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the fonio harvested area in Benin amounted to X ha, going down by -X% against the previous year. Over the period under review, the fonio harvested area continues to indicate a perceptible downturn. The growth pace was the most rapid in 2012 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to fonio production reached its peak figure at X ha in 2008; however, from 2009 to 2018, harvested area stood at a somewhat lower figure.

Fonio Exports

Exports by Country

In 2018, the UK (X tons) and Mali (X tons) represented the largest exporters of fonioaround the world, together amounting to approx. X% of total exports. Hungary (X tons) ranks next in terms of the total exports with a X% share, followed by Burkina Faso (X%) and Peru (X%). The Netherlands (X tons) and Guinea (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Burkina Faso, while the other leaders experienced more modest paces of growth.

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

In the UK, fonio exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Hungary (-X% per year) and Mali (+X% per year).

Export Prices by Country

In 2018, the fonio export price in Benin amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the fonio export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for fonio reached their maximum at $X per ton in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Guinea, while the other leaders experienced more modest paces of growth.

Fonio Imports

Imports by Country

The Netherlands was the largest importing country with an import of around X tons, which recorded X% of total imports. The UK (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Congo (X%). Malaysia (X tons), Spain (X tons), France (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2007 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 leaders experienced more modest paces of growth.

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

From 2007 to 2018, the average annual rate of growth in terms of value in the Netherlands stood at +X%. 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

In 2018, the fonio import price in Benin amounted to $X per ton, standing approx. at the previous year. In general, the fonio import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per ton), while Congo ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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

Benin

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Benin
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023