EU: Fonio Market 2024

Fonio Market Size in the EU

The EU fonio market reduced to $X in 2022, dropping by -7.4% against the previous year. Overall, consumption saw a pronounced contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Fonio Production in the EU

In value terms, fonio production shrank to $X in 2022 estimated in export price. The total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +11.9% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 56% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

The country with the largest volume of fonio production was Belgium (X tons), comprising approx. 97% of total volume. It was followed by Austria (X tons), with a 2.1% share of total production.

In Belgium, fonio production remained relatively stable over the period from 2012-2022.

Fonio Exports

Exports in the EU

In 2022, shipments abroad of fonio decreased by -65.5% to X tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a significant contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 650%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fonio exports declined dramatically to $X in 2022. In general, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2013 when exports increased by 181%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) and the Netherlands (X tons) represented roughly 50% of total exports in 2022. Spain (X tons) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (13%), Italy (10%) and Denmark (8.2%). France (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +5.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the largest fonio supplier in the European Union, comprising 48% of total exports. The second position in the ranking was held by Belgium ($X), with a 17% share of total exports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to -25.9%. In the other countries, the average annual rates were as follows: Belgium (-32.2% per year) and Italy (+13.7% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, shrinking by -11.4% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2014 when the export price increased by 121%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+13.4%), while the other leaders experienced more modest paces of growth.

Fonio Imports

Imports in the EU

After three years of growth, purchases abroad of fonio decreased by -46.1% to X tons in 2022. Overall, imports continue to indicate a precipitous setback. The growth pace was the most rapid in 2021 with an increase of 97%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, fonio imports shrank dramatically to $X in 2022. In general, imports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2021 with an increase of 59%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France represented the main importing country with an import of around X tons, which resulted at 49% of total imports. The Netherlands (X tons) held the second position in the ranking, followed by Italy (X tons) and Poland (X tons). All these countries together held near 46% share of total imports. Belgium (X tons) followed a long way behind the leaders.

France was also the fastest-growing in terms of the fonio imports, with a CAGR of +15.6% from 2012 to 2022. At the same time, Poland (+12.1%) displayed positive paces of growth. By contrast, the Netherlands (-21.2%), Italy (-32.1%) and Belgium (-40.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of France, Poland and the Netherlands increased by +48, +12 and +2.8 percentage points, respectively.

In value terms, France ($X), the Netherlands ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 85% of total imports.

Among the main importing countries, France, with a CAGR of +19.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, rising by 17% against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The growth pace was the most rapid in 2013 an increase of 45% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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