Sweden - Millet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMillet Price in Sweden - 2023
Contents:
- Millet Price in Sweden (CIF) - 2022
- Millet Price in Sweden (FOB) - 2022
- Millet Imports in Sweden
- Millet Exports in Sweden
Millet Price in Sweden (CIF) - 2022
In 2022, the average millet import price amounted to $1,519 per ton, shrinking by -9.8% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +73.1% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 37% against the previous year. Over the period under review, average import prices attained the maximum at $1,684 per ton in 2021, and then fell in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($4,702 per ton), while the price for Poland ($699 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Millet Price in Sweden (FOB) - 2022
The average millet export price stood at $2,053 per ton in 2022, waning by -5.3% against the previous year. Over the period under review, the export price continues to indicate a mild slump. The growth pace was the most rapid in 2013 an increase of 21% against the previous year. As a result, the export price attained the peak level of $2,792 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($3,425 per ton), while the average price for exports to Poland ($233 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+5.0%), while the prices for the other major destinations experienced a decline.
Millet Imports in Sweden
Millet imports into Sweden expanded modestly to 297 tons in 2022, picking up by 3.9% on the year before. The total import volume increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 26%. As a result, imports attained the peak of 313 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, millet imports declined to $452K in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, imports attained the peak of $482K, and then shrank in the following year.
| Import of Millet in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 126 | 110 | 142 | 150 | 6.0% |
| Poland | 22.4 | 91.0 | 49.6 | 120 | 75.0% |
| China | 18.3 | 11.0 | 60.0 | 79.0 | 62.8% |
| Denmark | 38.3 | 35.1 | 45.0 | 31.3 | -6.5% |
| Netherlands | 63.8 | 34.5 | 57.9 | 28.7 | -23.4% |
| Finland | 32.4 | 4.2 | 58.1 | 11.5 | -29.2% |
| United Kingdom | 51.0 | 79.2 | 48.9 | 3.5 | -59.1% |
| Ukraine | N/A | 7.4 | N/A | N/A | 0% |
| Others | 13.2 | 24.8 | 20.1 | 27.6 | 27.9% |
| Total | 365 | 397 | 482 | 452 | 7.4% |
Top Suppliers of Millet to Sweden in 2022:
- Poland (171.6 tons)
- Germany (55.2 tons)
- Netherlands (26.4 tons)
- China (16.8 tons)
- Finland (9.9 tons)
- Denmark (8.0 tons)
- United Kingdom (2.1 tons)
Millet Exports in Sweden
For the third consecutive year, Sweden recorded decline in overseas shipments of millet, which decreased by -61.4% to 8.3 tons in 2022. Overall, exports continue to indicate a sharp slump. The smallest decline of -1.4% was in 2020.
In value terms, millet exports fell significantly to $17K in 2022. In general, exports faced a significant decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 16%. As a result, the exports reached the peak of $80K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Millet in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 18.6 | 14.5 | 9.4 | 11.7 | -14.3% |
| Finland | 50.0 | 64.1 | 36.2 | 4.1 | -56.6% |
| Denmark | 0.5 | 0.7 | 0.7 | 0.6 | 6.3% |
| Poland | N/A | N/A | N/A | 0.3 | 0% |
| Others | 0.1 | 0.8 | 0.2 | 0.3 | 44.2% |
| Total | 69.2 | 80.1 | 46.5 | 17.0 | -37.4% |
Top Export Markets for Millet from Sweden in 2022:
- Norway (3.4 tons)
- Finland (2.0 tons)
- Poland (1.5 tons)
- Denmark (1.3 tons)
This report provides an in-depth analysis of the millet market in Sweden. 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:
- Sweden
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sweden
- 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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