United Kingdom - Millet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMillet Price in the UK - 2023
Contents:
- Millet Price in the UK (CIF) - 2023
- Millet Price in the UK (FOB) - 2022
- Millet Imports in the UK
- Millet Exports in the UK
Millet Price in the UK (CIF) - 2023
In June 2023, the average millet import price amounted to $738 per ton, falling by -2.6% against the previous month. Overall, the import price saw a perceptible descent. The growth pace was the most rapid in July 2022 when the average import price increased by 62% m-o-m. As a result, import price reached the peak level of $1,518 per ton. From August 2022 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($2,639 per ton), while the price for France ($585 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Millet Price in the UK (FOB) - 2022
In 2022, the average millet export price amounted to $2,116 per ton, which is down by -9.8% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, millet export price increased by +28.1% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of 59% against the previous year. Over the period under review, the average export prices hit record highs at $2,998 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($5,129 per ton), while the average price for exports to Ireland ($1,644 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 Malta (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Millet Imports in the UK
In 2022, approx. 14K tons of millet were imported into the UK; rising by 50% compared with the year before. Over the period under review, imports, however, showed a slight downturn. The growth pace was the most rapid in 2020 when imports increased by 69%. As a result, imports reached the peak of 26K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, millet imports surged to $9.1M in 2022. In general, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +4.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.5% against 2020 indices.
| Import of Millet in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 1.5 | 3.0 | 1.6 | 2.7 | 21.6% |
| France | 1.9 | 2.2 | 0.8 | 2.1 | 3.4% |
| China | 0.9 | 1.0 | 0.8 | 1.4 | 15.9% |
| India | 0.9 | 1.2 | 1.0 | 1.2 | 10.1% |
| United States | 1.8 | 2.1 | 0.2 | 0.8 | -23.7% |
| Poland | 0.1 | 0.9 | 0.6 | 0.1 | 0.0% |
| Bulgaria | N/A | N/A | N/A | 0.1 | 0% |
| Others | 1.0 | 1.0 | 0.6 | 0.7 | -11.2% |
| Total | 8.1 | 11.5 | 5.7 | 9.1 | 4.0% |
Top Suppliers of Millet to the UK in 2022:
- Ukraine (5.8K tons)
- France (4.2K tons)
- India (1.5K tons)
- United States (1.3K tons)
- China (0.7K tons)
- Bulgaria (0.2K tons)
- Poland (0.1K tons)
Millet Exports in the UK
In 2022, exports of millet from the UK reached 86 tons, surging by 12% against the previous year. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 95% against the previous year. As a result, the exports reached the peak of 135 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, millet exports reached $182K in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 86% against the previous year. As a result, the exports attained the peak of $232K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Millet in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.2 | 11.3 | 37.8 | 81.1 | 149.8% |
| Ireland | 53.3 | 99.5 | 18.1 | 53.5 | 0.1% |
| France | 23.7 | 70.7 | 19.3 | 22.2 | -2.2% |
| China | N/A | N/A | N/A | 10.4 | 0% |
| Netherlands | 13.6 | 19.6 | 2.3 | 1.2 | -55.5% |
| Spain | 18.1 | 20.1 | N/A | N/A | 11.0% |
| Kuwait | N/A | N/A | 29.7 | N/A | 0% |
| Others | 10.5 | 10.3 | 71.8 | 13.1 | 7.7% |
| Total | 125 | 232 | 179 | 182 | 13.3% |
Top Export Markets for Millet from the UK in 2022:
- Germany (36.2 tons)
- Ireland (32.6 tons)
- France (12.3 tons)
- China (2.0 tons)
- Netherlands (0.6 tons)
This report provides an in-depth analysis of the millet market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
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