Fonio Market Overview in Austria
In value terms, fonio production reduced dramatically to $ in 2019 estimated in export prices. In general, production showed a precipitous descent. The pace of growth was the most pronounced in 2017 with an increase of % year-to-year. Fonio production peaked at $ in 2012; however, from 2013 to 2019, production failed to regain the momentum.
In 2019, the average fonio yield in Austria was estimated at kg per ha, therefore, remained relatively stable against the previous year. Over the period under review, the yield recorded 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.
In 2019, the total area harvested in terms of fonio production in Austria totaled ha, standing approx. at 2018. Overall, the harvested area recorded a relatively flat trend pattern.
The size of the fonio market in Austria reduced remarkably to $ in 2019, declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a sharp downturn. The most prominent rate of growth was recorded in 2017 when the market value decreased by -% y-o-y. Fonio consumption peaked at $ in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.