India - Millet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMillet Price in India - 2023
Contents:
- Millet Price in India (FOB) - 2023
- Millet Price in India (CIF) - 2023
- Millet Exports in India
- Millet Imports in India
Millet Price in India (FOB) - 2023
The average millet export price stood at $370 per ton in July 2023, remaining relatively unchanged against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 30% against the previous month. As a result, the export price attained the peak level of $493 per ton. From April 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was the United States ($1,229 per ton), while the average price for exports to the United Arab Emirates ($303 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 Bangladesh (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Millet Price in India (CIF) - 2023
The average millet import price stood at $1,518 per ton in July 2023, flattening at the previous month. Overall, the import price showed a pronounced setback. As a result, import price attained the peak level of $2,343 per ton. From October 2022 to July 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Saudi Arabia ($2,221 per ton), while the price for Tunisia amounted to $563 per ton.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Tunisia (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Millet Exports in India
For the fourth consecutive year, India recorded growth in overseas shipments of millet, which increased by 12% to 101K tons in 2022. The total export volume increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 18%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, millet exports soared to $37M in 2022. The total export value increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Millet in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 3.3 | 3.6 | 3.1 | 6.9 | 27.9% |
| United Arab Emirates | 4.0 | 2.7 | 6.0 | 6.5 | 17.6% |
| Nepal | 2.3 | 5.0 | 6.2 | 5.4 | 32.9% |
| Libya | 1.7 | 1.6 | 1.2 | 3.0 | 20.8% |
| Oman | 0.3 | 0.8 | 1.7 | 1.5 | 71.0% |
| Morocco | 0.8 | 1.2 | 0.5 | 1.5 | 23.3% |
| Yemen | 2.0 | 0.7 | 1.1 | 1.3 | -13.4% |
| Tunisia | 1.9 | 2.3 | 0.8 | 0.9 | -22.0% |
| Qatar | 0.3 | 0.3 | 0.5 | 0.8 | 38.7% |
| Bangladesh | N/A | N/A | N/A | 0.7 | 0% |
| Algeria | 0.4 | 0.6 | 0.2 | 0.7 | 20.5% |
| Kuwait | 0.3 | 0.2 | 0.4 | 0.7 | 32.6% |
| Bahrain | 0.3 | 0.2 | 0.4 | 0.6 | 26.0% |
| Others | 10.8 | 5.7 | 5.3 | 6.1 | -17.3% |
| Total | 28.5 | 25.0 | 27.4 | 36.6 | 8.7% |
Top Export Markets for Millet from India in 2022:
- Nepal (20.1K tons)
- United Arab Emirates (19.3K tons)
- Saudi Arabia (17.9K tons)
- Libya (7.4K tons)
- Oman (4.4K tons)
- Yemen (3.9K tons)
- Morocco (3.8K tons)
- Tunisia (2.7K tons)
- Bangladesh (2.6K tons)
- Qatar (2.2K tons)
- Algeria (1.8K tons)
- Bahrain (1.7K tons)
- Kuwait (1.6K tons)
Millet Imports in India
In 2022, approx. 329 tons of millet were imported into India; increasing by 22% against the previous year. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 135% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, millet imports soared to $156K in 2022. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 124% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Millet in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tunisia | N/A | N/A | 98.3 | 138 | 40.4% |
| Turkey | N/A | N/A | N/A | 17.9 | 0% |
| Spain | 12.7 | N/A | N/A | N/A | 0% |
| Belgium | N/A | 28.6 | N/A | N/A | 0% |
| Australia | N/A | 35.5 | N/A | N/A | 0% |
| Others | 16.0 | N/A | N/A | N/A | 0% |
| Total | 28.7 | 64.1 | 98.3 | 156 | 75.8% |
Top Suppliers of Millet to India in 2022:
- Tunisia (269.0 tons)
- Turkey (60.0 tons)
This report provides an in-depth analysis of the millet market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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.
-
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
1712
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