Uruguay - Millet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMillet Price in Uruguay - 2021
Contents:
- Millet Price in Uruguay (FOB) - 2022
- Millet Price in Uruguay (CIF) - 2022
- Millet Exports in Uruguay
- Millet Imports in Uruguay
Millet Price in Uruguay (FOB) - 2022
The average millet export price stood at $736 per ton in 2022, jumping by 26% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. The pace of growth appeared the most rapid in 2013 an increase of 33% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($1,530 per ton), while the average price for exports to France ($628 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 the United States (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Millet Price in Uruguay (CIF) - 2022
In 2022, the average millet import price amounted to $515 per ton, declining by -7.6% against the previous year. Over the period under review, the import price recorded a pronounced setback. The pace of growth appeared the most rapid in 2019 an increase of 45% against the previous year. Over the period under review, average import prices reached the maximum at $653 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 India ($854 per ton), while the price for Argentina totaled $410 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Millet Exports in Uruguay
In 2022, exports of millet from Uruguay fell notably to 55 tons, declining by -84.3% on 2021 figures. In general, exports recorded a significant decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 20% against the previous year.
In value terms, millet exports declined sharply to $40K in 2022. Over the period under review, exports recorded a sharp shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 16%.
| Export of Millet in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 43.2 | 28.6 | 123 | 15.7 | -28.6% |
| Italy | 20.0 | 13.0 | 13.5 | 15.6 | -7.9% |
| Argentina | 5.2 | 4.2 | 5.3 | 9.2 | 20.9% |
| Hungary | N/A | 24.0 | N/A | N/A | 0% |
| Belgium | 20.5 | 11.0 | 29.0 | N/A | 18.9% |
| Netherlands | N/A | 29.9 | N/A | N/A | 0% |
| Others | 260 | 66.4 | 34.3 | N/A | -63.7% |
| Total | 349 | 177 | 205 | 40.5 | -51.2% |
Top Export Markets for Millet from Uruguay in 2022:
- France (25.0 tons)
- Italy (24.0 tons)
- Argentina (6.0 tons)
Millet Imports in Uruguay
In 2022, millet imports into Uruguay reduced sharply to 21 tons, shrinking by -80.9% against 2021 figures. Over the period under review, imports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 136%. As a result, imports attained the peak of 111 tons, and then fell notably in the following year.
In value terms, millet imports declined rapidly to $11K in 2022. Overall, imports faced a significant decline. The most prominent rate of growth was recorded in 2021 when imports increased by 127%. As a result, imports attained the peak of $62K, and then dropped rapidly in the following year.
| Import of Millet in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 15.0 | 16.6 | 22.9 | 6.6 | -23.9% |
| India | 7.3 | 8.6 | 6.4 | 4.3 | -16.2% |
| Ukraine | N/A | N/A | 24.2 | N/A | 0% |
| Brazil | 22.4 | 2.0 | 8.3 | N/A | -39.1% |
| Others | 0.4 | N/A | N/A | N/A | 0% |
| Total | 45.1 | 27.2 | 61.8 | 10.9 | -37.7% |
Top Suppliers of Millet to Uruguay in 2022:
- Argentina (16.2 tons)
- India (5.0 tons)
This report provides an in-depth analysis of the millet market in Uruguay. 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:
- Uruguay
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Uruguay
- 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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