Italy: Fonio Market 2024

Fonio Market Size in Italy

In 2022, the Italian fonio market increased by 69% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed a precipitous curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Fonio Production in Italy

In value terms, fonio production dropped modestly to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +3.5% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 34% against the previous year. Fonio production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of fonio in Italy amounted to less than X kg per ha, remaining stable against the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The fonio harvested area in Italy stood at less than X ha in 2022, remaining constant against the year before. In general, the harvested area recorded a relatively flat trend pattern.

Fonio Exports

Exports from Italy

In 2022, overseas shipments of fonio decreased by -49.7% to X kg, falling for the second year in a row after three years of decline. Over the period under review, exports, however, showed a perceptible expansion. The pace of growth was the most pronounced in 2017 when exports increased by 272,100%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, fonio exports reduced notably to $X in 2022. Overall, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by 294,880%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X kg), Ukraine (X kg) and Greece (X kg) were the main destinations of fonio exports from Italy, together accounting for 96% of total exports. France lagged somewhat behind, accounting for a further 4.4%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +7.7%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Ukraine ($X) and Greece ($X) constituted the largest markets for fonio exported from Italy worldwide, together comprising 96% of total exports. France lagged somewhat behind, comprising a further 3.5%.

In terms of the main countries of destination, France, with a CAGR of +13.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average fonio export price amounted to $X per ton, growing by 7.3% against the previous year. In general, the export price recorded a prominent expansion. The growth pace was the most rapid in 2015 an increase of 157% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+20.9%), while the prices for the other major destinations experienced mixed trend patterns.

Fonio Imports

Imports into Italy

In 2022, purchases abroad of fonio increased by 175% to X tons, rising for the third consecutive year after four years of decline. Over the period under review, imports, however, saw a sharp decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 1,546% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fonio imports surged to $X in 2022. In general, imports, however, showed a significant contraction. The growth pace was the most rapid in 2015 when imports increased by 755%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Senegal (X tons) constituted the largest supplier of fonio to Italy, with a 89% share of total imports. Moreover, fonio imports from Senegal exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Senegal totaled +646.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+25.0% per year) and Spain (+3.8% per year).

In value terms, the largest fonio suppliers to Italy were Senegal ($X), the Netherlands ($X) and Spain ($X).

In terms of the main suppliers, Senegal, with a CAGR of +460.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fonio import price stood at $X per ton in 2022, dropping by -54.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 180% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Senegal ($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 (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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