World - Millet - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Mar 1, 2024

World - Millet - Market Analysis, Forecast, Size, Trends and Insights

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Millet Market

Millet market: get new statistics powered by an Ai-driven business intelligence platform. Data provide exports, market prices, consumption, trade, companies, market size, imports, and production. Here is a breakdown by country, including the U.K., China, Latin America, Russia, the U.S., the Middle East, EU, and Africa. Market insights and forecast to 2030 are also provided in the snapshots.


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Millet - World's Largest Markets

RatingCountry
1India
2China
3Niger
4Ethiopia
5Senegal

In value terms, India, China and Niger were the countries with the highest levels of market value in 2021, together accounting for 55% of the global market. These countries were followed by Ethiopia, Senegal, Sudan, Mali, Chad, Burkina Faso and Nigeria, which together accounted for a further 30%.

In terms of the main consuming countries, Senegal recorded the highest rates of growth with regard to market size, over the period under review, while millet market for the other global leaders experienced more modest paces of growth.

Millet Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Ukraine303252270-5.6%
Russia307313279-4.7%
India380326309-9.8%
Myanmar406354377-3.6%
Canada459459431-3.1%
France3884474436.9%
Austria661784659-0.2%
United States44246166422.6%
Average422393391-3.8%

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($664 per ton), while Ukraine ($270 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced mixed trends in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Canada43245268125.6%
Japan6226046754.2%
United States16851091665-37.2%
Netherlands44944264619.9%
Germany5865476061.7%
Italy4143934848.1%
Belgium506478463-4.3%
Indonesia441389414-3.1%
Kenya3554053631.1%
Poland3603223600.0%
Iraq387289315-9.8%
United Arab Emirates315313314-0.2%
Nepal2492732653.2%
Average4394114602.5%

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($681 per ton), while Nepal ($265 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced more modest paces of growth.

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Millet - Top Importers

COUNTRY201920202021CAGR,
2019-2021
million USD
Indonesia343133-2.3%
Germany1515164.0%
Belgium1314158.1%
Canada78.31438.9%
United States3.33.51288.0%

In value terms, Indonesia ($33M) constitutes the largest market for imported millet worldwide, comprising 15% of global imports. The second position in the ranking was occupied by Germany ($16M), with a 7.5% share of global imports. It was followed by Belgium, with a 6.9% share.

In Indonesia, millet imports declined by an average annual rate of -2.3% over the period from 2019-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+4.0% per year) and Belgium (+8.1% per year).

Millet - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
million USD
Ukraine17293951.2%
United States594629-30.3%
India282527-1.9%
Russia12121823.1%
France1311145.8%

In value terms, Ukraine ($39M), the United States ($29M) and India ($27M) appeared to be the countries with the highest levels of exports in 2021, together comprising 50% of global exports.

Among the main exporting countries, Ukraine (+51.2% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Millet - Market Forecast

Driven by increasing demand for millet worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Millet - Top Companies

NUGRAIN PTY LTD, Tianye (Fogang) Leisure Agriculture and Husbandry Co., Ltd., CBH GRAIN PTY LTD, Cooperativa Agrária Agroindustrial, ADM TRADING AUSTRALIA PTY LTD, Zhongnongfa Seed Industry Group Co., Ltd., Yuan Longping High-tech Agriculture Co., Ltd., Heilongjiang Agriculture Company Limited, LIMAGRAIN EUROPE, Grupo Universal S A, Roland Mills United GmbH & Co. KG, LACPATRICK DAIRIES LIMITED, Hefei Fengle Seed.Co., Ltd., LATRAPS KS, LIMAGRAIN, RAIZ-MAKSYMKO, PRAT, ARENTO GRUPO COOPERATIVO AGROALIMENTARIO DE ARAGON S.COOP, SAATBAU LINZ eGen, Vilshanski Produkty, TOV, ZERNOPRODUKT MKHP, PRAT

Millet - Product Coverage

  • HS 100820 - Cereals; millet
  • HS 100821 - Cereals; millet, seed
  • HS 100829 - Cereals; millet, other than seed

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global millet market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023
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Which Country Consumes the Most Millet in the World?
Feb 9, 2018
Eye 5463

Global millet consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.

Which Country Produces the Most Millet in the World?
Nov 1, 2017
Eye 2691

In 2015, the country with the largest volume of the millet output was India (X thousand tons), accounting for X% of global production.

Millet Market - the U.S. Ranked First Globally in Millet Exports in 2014
Sep 3, 2015
Eye 1832

The U.S. continues its dominance in the global millet trade. In 2014, the U.S. exported X thousand tons of millet totaling X million USD, X% over the previous year. Its primary trading partner was Canada, where it supplied X% of its total millet

Russian Export Ban Could Lead to a Shortage on the Global Buckwheat Market
Jul 7, 2021
Eye 795

In the immediate term, the global buckwheat market may face a shortage due to an export ban introduced in Russia. The country, being the largest producer and exporter of buckwheat, restricted exporting unprocessed buckwheat, coarsely ground buckwheat groats, and crushed buckwheat grain from June 5, 2021, to August 31. Russia took this step to preserve the volumes of the buckwheat grain for its domestic consumption and prevent a spike in prices inside the country. China, Latvia and Ukraine featured the most prominent increases in imports from Russia in 2021. 

Which Country Consumes the Most Buckwheat in the World?
Feb 9, 2018
Eye 6467

Global buckwheat consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.

Which Country Exports the Most Buckwheat in the World?
Feb 1, 2018
Eye 3080

Global buckwheat exports amounted to X thousand tons in 2015, moving up by +X% against the previous year level.

Which Country Imports the Most Buckwheat in the World?
Jan 17, 2018
Eye 3086

Global buckwheat imports amounted to X thousand tons in 2015, going up by +X% against the previous year level.

Which Country Produces the Most Buckwheat in the World?
Oct 16, 2017
Eye 2148

In 2015, the countries with the highest levels of production in 2015 were Russia (X thousand tons), China (X thousand tons), France (X thousand tons), together accounting for X% of total output.

Buckwheat Market - Buckwheat Manufacturers are Searching for New Niches
Jun 23, 2016
Eye 3545

In 2015, gross yield of buckwheat in the world increased after the fall of 2013-2014. Production volumes are increasing in Russia, as well as in China, together accounting for two thirds of global production. According to e

Mongozo‘s First Gluten-Free Buckwheat Beer Takes Gold in London
Aug 24, 2015
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The Mongozo Buckwheat White recently won gold at the World Beer Awards in London. Brewed with unique ingredients, the Buckwheat White is praised for its fresh and fruity aroma and smooth aftertaste. Most importantly, it is gluten-free, and is, therefor

Free Data: Millet - World