Fonio Market Overview in Romania
In value terms, fonio production contracted rapidly to $ in 2019 estimated in export prices. Overall, production showed a pronounced contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2017; however, from 2018 to 2019, production failed to regain the momentum.
The average yield of fonio in Romania totaled kg per ha in 2019, remaining constant against the previous year. Overall, 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 harvested area of fonio in Romania stood at ha, remaining constant against the previous year's figure. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.
The size of the fonio market in Romania soared to $ in 2019, with an increase of % 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). Over the period under review, consumption posted a significant expansion. The most prominent rate of growth was recorded in 2016 when the market value increased by % year-to-year. Over the period under review, the market hit record highs in 2019 and is likely to continue growth in the immediate term.