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China - Millet - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: May 22, 2023
Millet Export in China Plummets 15% to $421K in March 2023
China Millet Exports
Millet exports from China dropped sharply to 305 tons in March 2023, with a decrease of -21.8% on February 2023. Over the period under review, exports saw a pronounced slump. The growth pace was the most rapid in November 2022 when exports increased by 202% against the previous month.
In value terms, millet exports fell to $421K (IndexBox estimates) in March 2023. In general, exports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in November 2022 with an increase of 170% month-to-month.
| COUNTRY | Export Value of Millet in China (USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Germany | 119,709 | 115,925 | 214,108 | 24,158 | 78,459 | 116,380 | 51,684 | 80,083 | 53,575 | 103,284 | 86,236 | 46,048 | 135,759 |
| Japan | 90,609 | 83,636 | 21,828 | 155,454 | 68,453 | 21,269 | 37,895 | 37,337 | 134,403 | 32,121 | 45,624 | 65,122 | 73,076 |
| United Kingdom | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 46,913 | N/A | N/A | 68,407 | 39,288 |
| Indonesia | N/A | 17,370 | 56,135 | 66,325 | 99,571 | 62,726 | 82,061 | 36,150 | 107,685 | 45,863 | 108,880 | 15,768 | 32,230 |
| Vietnam | 31,450 | 17,057 | 39,953 | 31,230 | N/A | 47,350 | N/A | 31,960 | 45,867 | 10,898 | 15,570 | 1,507 | 29,480 |
| Netherlands | 61,384 | 44,064 | N/A | 29,107 | 41,481 | N/A | 50,362 | 1,730 | 40,550 | N/A | N/A | 44,304 | 23,945 |
| Australia | N/A | 6,240 | N/A | N/A | 12,680 | 8,494 | 7,157 | 12,618 | N/A | N/A | 9,028 | 7,110 | 22,259 |
| Brazil | N/A | N/A | N/A | N/A | N/A | 85,965 | N/A | N/A | 80.0 | N/A | N/A | N/A | N/A |
| South Korea | 171,628 | 44,471 | 44,710 | 12,440 | N/A | 9,021 | 84,515 | 9,187 | 237,606 | 189,607 | 362,399 | 227,306 | N/A |
| Others | 145,108 | 118,382 | 85,095 | 89,326 | 54,982 | 37,794 | 47,512 | 65,830 | 76,008 | 102,584 | 167,605 | 19,258 | 64,897 |
| Total | 619,888 | 447,145 | 461,829 | 408,040 | 355,626 | 388,999 | 361,186 | 274,895 | 742,687 | 484,357 | 795,342 | 494,830 | 420,934 |
Exports by Country
Japan (67 tons), Germany (59 tons) and Vietnam (42 tons) were the main destinations of millet exports from China, together accounting for 55% of total exports. Indonesia, the UK, the Netherlands and Australia lagged somewhat behind, together comprising a further 31%.
From March 2022 to March 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +11.1%), while the other leaders experienced more modest paces of growth.
In value terms, Germany ($136K), Japan ($73K) and the UK ($39K) constituted the largest markets for millet exported from China worldwide, together accounting for 59% of total exports. Indonesia, Vietnam, the Netherlands and Australia lagged somewhat behind, together accounting for a further 26%.
Among the main countries of destination, Australia, with a CAGR of +12.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In March 2023, the millet price stood at $1,379 per ton (FOB, China), with an increase of 8.8% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 16% month-to-month. The export price peaked at $1,597 per ton in April 2022; however, from May 2022 to March 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($2,338 per ton), while the average price for exports to Vietnam ($702 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the millet market in China. 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:
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Yield And Growth
Figure 16:
Exports And Growth
Figure 17:
Export Prices And Growth
Figure 18:
Market Size And Growth
Figure 19:
Per Capita Consumption
Figure 20:
Imports And Growth
Figure 21:
Import Prices
Figure 22:
Production, In Physical Terms, 2012–2022
Figure 23:
Production, In Value Terms, 2012–2022
Figure 24:
Area Harvested, 2012–2022
Figure 25:
Yield, 2012–2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country Of Origin, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, By Country Of Destination, 2012–2022
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