Guinea-Bissau: Fonio Market 2020

Fonio Market Size in Guinea-Bissau

The revenue of the fonio market in Guinea-Bissau amounted to $X in 2018, jumping by X% against the previous year. In general, the total market indicated a resilient expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, the fonio market reached its peak figure level at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Fonio Production in Guinea-Bissau

In value terms, fonio production amounted to $X in 2018 estimated in export prices. Over the period under review, fonio production continues to indicate a modest increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, fonio production attained its peak figure level at $X in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

Average yield of fonio in Guinea-Bissau stood at X kg per ha in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the fonio yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, the fonio yield attained its peak figure level in 2018 and is expected to retain its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of fonio production in Guinea-Bissau totaled X ha, going up by X% against the previous year. Overall, the total harvested area indicated buoyant growth from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when harvested area increased by X% against the previous year. The global fonio harvested area peaked at X ha in 2014; however, from 2015 to 2018, harvested area failed to regain its momentum.

Fonio Exports

Exports by Country

The UK (X tons) and Mali (X tons) were the major exporters of fonio in 2018, accounting for approx. X% and X% of total exports, respectively. 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) occupied a little share of total exports.

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 ($X) remains the largest fonio supplier from Guinea-Bissau, comprising X% of global exports. The second position in the ranking was occupied by Hungary ($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. The remaining exporting countries recorded the following average annual rates of exports growth: Hungary (-X% per year) and Mali (+X% per year).

Export Prices by Country

The fonio export price in Guinea-Bissau stood at $X per ton in 2018, remaining constant against the previous year. Overall, the fonio export price continues to indicate a relatively flat trend pattern.

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

In 2018, the Netherlands (X tons) represented the major importer of fonio, comprising X% of total imports. The UK (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by Congo (X%). The following importers - Malaysia (X tons), Spain (X tons), France (X tons) and Poland (X tons) - together made up X% of total imports.

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

In the Netherlands, fonio imports increased at an average annual rate of +X% over the period from 2007-2018. 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 Guinea-Bissau amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the fonio import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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