Report Update Nov 1, 2024

Eastern Asia - Fonio - Market Analysis, Forecast, Size, Trends and Insights

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Eastern Asia: Fonio Market 2024

Fonio Market Size in Eastern Asia

The East Asian fonio market skyrocketed to $X in 2022, with an increase of 23% against the previous year. In general, consumption recorded a prominent increase. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Fonio Production in Eastern Asia

In value terms, fonio production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

China (X kg) constituted the country with the largest volume of fonio production, comprising approx. 100% of total volume.

In China, fonio production plunged by an average annual rate of -17.9% over the period from 2012-2022.

Fonio Exports

Exports in Eastern Asia

In 2022, the amount of fonio exported in Eastern Asia stood at X kg, flattening at 2021. Overall, exports showed a significant curtailment. The smallest decline of -25% was in 2020. Over the period under review, the exports attained the maximum at X kg in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, fonio exports rose notably to $X in 2022. In general, exports continue to indicate a sharp descent. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from China (X kg), together reaching 100% of total export.

China was also the fastest-growing in terms of the fonio exports, with a CAGR of -29.2% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest fonio supplier in Eastern Asia.

In China, fonio exports decreased by an average annual rate of -23.8% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, surging by 13% against the previous year. Export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +12.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fonio export price increased by +38.5% against 2015 indices. The pace of growth was the most pronounced in 2013 an increase of 61% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; afterwards, it flattened through to 2022.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +7.5% per year.

Fonio Imports

Imports by Country

Japan (X tons) represented roughly 99.9% of total imports in 2022.

Japan was also the fastest-growing in terms of the fonio imports, with a CAGR of +24.6% from 2017 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported fonio in Eastern Asia.

In Japan, fonio imports expanded at an average annual rate of +26.8% over the period from 2017-2022.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, rising by 6.4% against the previous year. Over the last five years, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2018 when the import price increased by 7.2% against the previous year. The level of import peaked at $X per ton in 2021, and then rose significantly in the following year.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2017 to 2022, the rate of growth in terms of prices for Japan amounted to +1.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fonio in Eastern Asia?

Japan remains the largest fonio consuming country in Eastern Asia, accounting for 100% of total volume.

What are the largest producers of fonio in Eastern Asia?

China constituted the country with the largest volume of fonio production, comprising approx. 100% of total volume.

What are the leading suppliers of fonio in Eastern Asia?

In value terms, China $20) remains the largest fonio supplier in Eastern Asia.

What are the leading importers of fonio in Eastern Asia?

In value terms, Japan constitutes the largest market for imported fonio in Eastern Asia.

What is the average export price for fonio in Eastern Asia?

The fonio export price in Eastern Asia stood at $6,667 per ton in 2020, declining by -23.1% against the previous year.

What is the average import price for fonio in Eastern Asia?

In 2020, the fonio import price in Eastern Asia amounted to $12,953 per ton, jumping by 82% against the previous year.

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

China
Hong Kong SAR
Macao SAR
Japan
South Korea
Taiwan (Chinese)
Democratic People's Republic of Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Eastern Asia, split by region and country
Trade (exports and imports) in Eastern Asia
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. CONSUMPTION BY COUNTRY
3. 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 VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. HARVESTED AREA AND YIELD BY COUNTRY
8. 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. 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. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- China
- Hong Kong SAR
- Macao SAR
- Japan
- South Korea
- Taiwan (Chinese)
- Democratic People's Republic of Korea
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
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