Belgium - Millet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMillet Price in Belgium - 2023
Contents:
- Millet Price in Belgium (CIF) - 2023
- Millet Price in Belgium (FOB) - 2023
- Millet Imports in Belgium
- Millet Exports in Belgium
Millet Price in Belgium (CIF) - 2023
The average millet import price stood at $689 per ton in July 2023, growing by 5.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in September 2022 an increase of 11% against the previous month. The import price peaked at $701 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,321 per ton), while the price for Russia ($350 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Millet Price in Belgium (FOB) - 2023
In July 2023, the average millet export price amounted to $3,415 per ton, falling by -4.7% against the previous month. Overall, the export price, however, saw a strong expansion. The pace of growth was the most pronounced in April 2023 an increase of 136% month-to-month. The export price peaked at $4,412 per ton in November 2022; however, from December 2022 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($7,362 per ton), while the average price for exports to India ($952 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Millet Imports in Belgium
In 2022, after three years of growth, there was significant decline in overseas purchases of millet, when their volume decreased by -16.2% to 27K tons. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year.
In value terms, millet imports expanded rapidly to $16M in 2022. The total import value increased at an average annual rate of +7.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 10%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Millet in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.4 | 3.8 | 4.8 | 5.3 | 15.9% |
| Netherlands | 3.2 | 2.9 | 2.2 | 2.5 | -7.9% |
| Germany | 2.0 | 1.3 | 2.1 | 2.2 | 3.2% |
| Ukraine | 1.0 | 2.8 | 2.2 | 1.2 | 6.3% |
| Poland | 0.4 | 0.2 | 0.4 | 1.0 | 35.7% |
| Argentina | 0.5 | 0.6 | 1.0 | 1.0 | 26.0% |
| Russia | N/A | 0.4 | 0.3 | 0.8 | 41.4% |
| India | 0.4 | 0.5 | 0.3 | 0.4 | 0.0% |
| United States | 0.8 | 0.2 | 0.1 | 0.1 | -50.0% |
| Others | 1.1 | 1.0 | 1.7 | 1.3 | 5.7% |
| Total | 12.7 | 13.6 | 15.0 | 15.8 | 7.6% |
Top Suppliers of Millet to Belgium in 2022:
- France (10.5K tons)
- Germany (3.9K tons)
- Netherlands (3.1K tons)
- Ukraine (2.9K tons)
- Poland (1.9K tons)
- Russia (1.6K tons)
- Argentina (1.4K tons)
- India (0.6K tons)
- United States (0.1K tons)
Millet Exports in Belgium
In 2022, shipments abroad of millet decreased by -36.9% to 1.1K tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 when exports increased by 54%. As a result, the exports attained the peak of 2.1K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, millet exports fell to $2.8M in 2022. The total export value increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 34%.
| Export of Millet in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 541 | 815 | 1,206 | 964 | 21.2% |
| France | 660 | 894 | 665 | 552 | -5.8% |
| Germany | 154 | 218 | 258 | 207 | 10.4% |
| Canada | 78.9 | 121 | 143 | 152 | 24.4% |
| Denmark | 82.3 | 81.5 | 71.3 | 122 | 14.0% |
| Italy | 53.5 | 51.9 | 86.0 | 74.3 | 11.6% |
| United Kingdom | 126 | 140 | 77.8 | 65.9 | -19.4% |
| Hungary | 44.8 | 89.1 | 111 | 60.7 | 10.7% |
| Portugal | 64.9 | 65.0 | 73.0 | 51.4 | -7.5% |
| India | 10.6 | 18.6 | 12.4 | 33.0 | 46.0% |
| Brunei Darussalam | 2.3 | 5.7 | 5.6 | 21.5 | 110.7% |
| Bangladesh | 58.8 | 18.5 | 17.0 | 2.3 | -66.1% |
| Others | 241 | 323 | 332 | 507 | 28.1% |
| Total | 2,118 | 2,842 | 3,058 | 2,813 | 9.9% |
Top Export Markets for Millet from Belgium in 2022:
- Netherlands (463.0 tons)
- France (182.2 tons)
- Germany (86.3 tons)
- Italy (48.4 tons)
- India (44.8 tons)
- Denmark (42.5 tons)
- Hungary (29.9 tons)
- Brunei Darussalam (29.8 tons)
- Canada (27.5 tons)
- United Kingdom (25.3 tons)
- Portugal (17.5 tons)
- Bangladesh (2.0 tons)
This report provides an in-depth analysis of the millet market in Belgium. 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:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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
-
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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