Niger: Fonio Market 2020

Fonio Market Size in Niger

The revenue of the fonio market in Niger amounted to $X in 2018, picking up by X% against the previous year. Overall, the total market indicated a remarkable expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Niger fonio consumption peaked at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Fonio Production in Niger

In value terms, fonio production totaled $X in 2018 estimated in export prices. Overall, fonio production continues to indicate prominent growth. The pace of growth appeared the most rapid in 2008 when production volume increased by X% y-o-y. Niger fonio production peaked at $X in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

Average yield of fonio in Niger stood at X kg per ha in 2018, increasing by X% against the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2012 when yield increased by X% year-to-year. The global fonio yield peaked 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, approx. X ha of fonio were harvested in Niger; picking up by X% against the previous year. Over the period under review, the total harvested area indicated modest 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. Based on 2018 figures, fonio harvested area increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2015 when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to fonio production reached its maximum in 2018 and is expected to retain its growth in the near future.

Fonio Exports

Exports by Country

The UK (X tons) and Mali (X tons) represented roughly X% of total exports of fonio in 2018. 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 ($X) remains the largest fonio supplier from Niger, comprising X% of global exports. The second position in the ranking was occupied by Hungary ($X), with a X% share of global exports. It was followed by Mali, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the UK totaled +X%. In the other countries, the average annual rates were as follows: Hungary (-X% per year) and Mali (+X% per year).

Export Prices by Country

The fonio export price in Niger stood at $X per ton in 2018, flattening at the previous year. In general, the fonio export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2018, 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 main importing country with an import of around X tons, which resulted at X% of total imports. The UK (X tons) held the second position in the ranking, distantly followed by Congo (X tons). All these countries together took near X% share of total imports. 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 ($X) constitutes the largest market for imported fonio into Niger, comprising X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by Spain, with a X% share.

In the Netherlands, fonio imports 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: the UK (+X% per year) and Spain (-X% per year).

Import Prices by Country

The fonio import price in Niger stood at $X per ton in 2018, standing approx. at 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