Australia - Millet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMillet Price in Australia - 2023
Contents:
- Millet Price in Australia (FOB) - 2022
- Millet Price in Australia (CIF) - 2022
- Millet Exports in Australia
- Millet Imports in Australia
Millet Price in Australia (FOB) - 2022
The average millet export price stood at $790 per ton in 2022, reducing by -19.8% against the previous year. In general, the export price, however, posted a remarkable increase. The growth pace was the most rapid in 2017 an increase of 1,125% against the previous year. The export price peaked at $985 per ton in 2021, and then shrank remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($1,322 per ton), while the average price for exports to Indonesia ($401 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 Italy (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.
Millet Price in Australia (CIF) - 2022
In 2022, the average millet import price amounted to $1,966 per ton, jumping by 72% against the previous year. In general, the import price recorded measured growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 130% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,038 per ton), while the price for India amounted to $1,749 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Millet Exports in Australia
In 2022, millet exports from Australia surged to 3.1K tons, with an increase of 29% against the year before. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 878%. As a result, the exports reached the peak of 4.1K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, millet exports expanded slightly to $2.5M in 2022. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 634% against the previous year. As a result, the exports reached the peak of $2.8M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Millet in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 4.6 | 379 | 240 | 840 | 467.3% |
Japan | 332 | 760 | 584 | 542 | 17.7% |
New Zealand | 22.0 | 177 | 377 | 451 | 173.7% |
Belgium | N/A | 352 | 346 | 280 | -10.8% |
South Korea | N/A | 50.0 | 122 | 236 | 117.3% |
United Kingdom | 9.6 | 62.3 | 145 | 52.1 | 75.7% |
Indonesia | N/A | 612 | 33.5 | 36.0 | -75.7% |
Malaysia | N/A | 122 | 0.1 | N/A | -99.9% |
Philippines | N/A | N/A | 252 | N/A | 0% |
Netherlands | N/A | 106 | 143 | N/A | 34.9% |
Others | 6.2 | 131 | 147 | 37.6 | 82.4% |
Total | 375 | 2,751 | 2,389 | 2,475 | 87.6% |
Top Export Markets for Millet from Australia in 2022:
- Malaysia (undefined tons)
- Thailand (1318.5 tons)
- New Zealand (484.0 tons)
- Japan (409.7 tons)
- South Korea (402.8 tons)
- Belgium (340.7 tons)
- Indonesia (89.8 tons)
- United Kingdom (66.4 tons)
Millet Imports in Australia
In 2022, supplies from abroad of millet decreased by -44.1% to 310 tons, falling for the second year in a row after two years of growth. Overall, imports faced a dramatic decline. The most prominent rate of growth was recorded in 2020 when imports increased by 46%. As a result, imports attained the peak of 4.5K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, millet imports declined slightly to $609K in 2022. In general, imports continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 48%. As a result, imports attained the peak of $3.3M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Millet in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 392 | 656 | 313 | 476 | 6.7% |
India | 276 | 367 | 156 | 130 | -22.2% |
South Africa | 124 | 86.0 | 60.4 | 2.1 | -74.3% |
Russia | 91.6 | 254 | N/A | N/A | 177.3% |
United States | 917 | 1,347 | N/A | N/A | 46.9% |
Ukraine | 105 | 216 | 66.6 | N/A | -20.4% |
Canada | 269 | 238 | N/A | N/A | -11.5% |
Others | 50.5 | 135 | 34.8 | 1.2 | -71.3% |
Total | 2,226 | 3,299 | 631 | 609 | -35.1% |
Top Suppliers of Millet to Australia in 2022:
- China (233.4 tons)
- India (74.3 tons)
- South Africa (1.0 tons)
This report provides an in-depth analysis of the millet market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 79 - Millet
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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