Italy: Fonio Market 2024

Fonio Market Size in Italy

In 2022, the Italian fonio market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, saw a precipitous decrease. Fonio consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Fonio Production in Italy

In value terms, fonio production shrank modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Fonio production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

The average yield of fonio in Italy stood at less than X kg per ha in 2022, approximately reflecting the previous year. Over the period under review, the yield showed 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, standing approx. at the previous year. In general, the harvested area saw a relatively flat trend pattern.

Fonio Exports

Exports from Italy

In 2022, overseas shipments of fonio decreased by X% to X kg, falling for the second year in a row after three years of decline. In general, exports, however, enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, fonio exports fell markedly to $X in 2022. Overall, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained 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, with a combined X% share of total exports. France lagged somewhat behind, accounting for a further X%.

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

In value terms, the largest markets for fonio exported from Italy were the UK ($X), Ukraine ($X) and Greece ($X), together accounting for X% of total exports. These countries were followed by France, which accounted for a further X%.

France, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, with an increase of X% against the previous year. Overall, the export price posted a prominent expansion. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure 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 destination: 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 (X%), 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 X% to X tons, rising for the third consecutive year after four years of decline. Over the period under review, imports, however, saw a precipitous shrinkage. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, fonio imports skyrocketed to $X in 2022. Overall, imports, however, showed a significant curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Senegal (X tons) constituted the largest supplier of fonio to Italy, accounting for a X% 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 stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Spain (X% per year).

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

Among the main suppliers, Senegal, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average fonio import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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