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.

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
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World - Millet - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Africa - Millet - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Central Asia - Millet - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the millet market in Central Asia.

Latin America and the Caribbean - Millet - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the millet market in Latin America and the Caribbean.

Eastern Asia - Millet - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the millet market in Eastern Asia.

Middle East - Millet - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the millet market in the Middle East.

Northern America - Millet - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the millet market in Northern America.

South-Eastern Asia - Millet - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the millet market in South-Eastern Asia.

Australia and Oceania - Millet - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the millet market in Australia and Oceania.

Southern Asia - Millet - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the millet market in Southern Asia.

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