Finland - Millet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMillet Price in Finland - 2023
Contents:
- Millet Price in Finland (CIF) - 2022
- Millet Price in Finland (FOB) - 2022
- Millet Imports in Finland
- Millet Exports in Finland
Millet Price in Finland (CIF) - 2022
The average millet import price stood at $2,553 per ton in 2022, with an increase of 14% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, millet import price increased by +72.5% against 2018 indices. The growth pace was the most rapid in 2019 when the average import price increased by 35% against the previous year. Over the period under review, average import prices hit record highs at $2,821 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,145 per ton), while the price for the Netherlands ($2,038 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Millet Price in Finland (FOB) - 2022
In 2022, the average millet export price amounted to $7,708 per ton, jumping by 88% against the previous year. Over the period under review, the export price posted a significant expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 360%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($7,903 per ton), while the average price for exports to Belarus totaled $3,667 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+19.5%).
Millet Imports in Finland
In 2022, purchases abroad of millet decreased by -55.9% to 14 tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. As a result, imports attained the peak of 49 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, millet imports reduced sharply to $35K in 2022. Over the period under review, imports recorded a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. As a result, imports reached the peak of $106K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Millet in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 9.0 | 12.6 | 11.5 | 14.6 | 17.5% |
| Denmark | 5.7 | 8.8 | 10.1 | 5.1 | -3.6% |
| China | 0.9 | 2.3 | N/A | 4.9 | 75.9% |
| Sweden | 50.1 | 68.0 | 36.3 | 4.5 | -55.2% |
| Germany | 2.9 | 4.0 | 9.1 | 3.0 | 1.1% |
| Others | 12.7 | 9.8 | 1.9 | 2.6 | -41.1% |
| Total | 81.2 | 106 | 69.0 | 34.7 | -24.7% |
Top Suppliers of Millet to Finland in 2022:
- Netherlands (7.1 tons)
- Sweden (2.2 tons)
- China (2.0 tons)
- Denmark (1.5 tons)
- Germany (0.6 tons)
Millet Exports in Finland
Millet exports from Finland declined rapidly to 260 kg in 2022, with a decrease of -76.5% against the previous year's figure. Overall, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 304% against the previous year. As a result, the exports attained the peak of 1.1 tons, and then declined remarkably in the following year.
In value terms, millet exports dropped significantly to $2K in 2022. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 211%. As a result, the exports reached the peak of $4.5K, and then dropped sharply in the following year.
| Export of Millet in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 1.3 | 1.5 | 1.4 | 2.0 | 15.4% |
| Belarus | N/A | N/A | N/A | N/A | 0% |
| Denmark | 0.1 | N/A | 3.1 | N/A | 456.8% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 1.5 | 1.5 | 4.5 | 2.0 | 10.1% |
Top Export Markets for Millet from Finland in 2022:
- Estonia (248.0 kg)
- Belarus (12.0 kg)
This report provides an in-depth analysis of the millet market in Finland. 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:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- 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
-
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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