U.S. - Millet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingProduction of Millet in the United States - 2022
Contents:
- Millet Production in the United States - 2022
- Millet Harvested Area in the United States - 2022
- Millet Yield in the United States - 2022
Millet Production in the United States - 2022
Millet production in the United States declined sharply to 283K tons in 2022, reducing by -18.9% compared with the previous year. In general, production continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by 61%. Over the period under review, production reached the peak volume at 377K tons in 2019; however, from 2020 to 2022, production remained at a lower figure. Millet output in the United States indicated a perceptible slump, which was largely conditioned by a pronounced descent of the harvested area and a deep setback in yield figures.
In value terms, millet production reduced to $117M in 2022. Over the period under review, the total production indicated a mild increase from 2017 to 2022: its value increased at an average annual rate of +1.8% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -29.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 76%. As a result, production reached the peak level of $167M. From 2020 to 2022, production growth failed to regain momentum.
Millet Harvested Area in the United States - 2022
In 2022, the millet harvested area in the United States declined to 237K ha, waning by -11.6% on the year before. Over the period under review, the total harvested area indicated a buoyant increase from 2017 to 2022: its figure increased at an average annual rate of +7.8% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, millet harvested area increased by +50.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, the harvested area reached the peak level of 268K ha, and then shrank in the following year.
Millet Yield in the United States - 2022
In 2022, the average millet yield in the United States fell to 1.2 tons per ha, which is down by -8.3% against 2021. Overall, the yield continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the yield increased by 24%. The millet yield peaked at 2.1 tons per ha in 2017; however, from 2018 to 2022, the yield remained at a lower figure.
This report provides an in-depth analysis of the millet market in the U.S.. 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 States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
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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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481
In August 2022, the millet price per ton amounted to $559, shrinking by -2.2% against the previous month.
1186
In May 2022, the millet price per ton stood at $602 per ton in May 2022, with an increase of 4.6% against the previous month.
601
The revenue of the millet market in the U.S. amounted to $106M in 2018.
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In May 2022, the buckwheat price per ton amounted to $786 (FOB, US), increasing by 2.4% against the previous month.
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Imports of Canary Seed decreased significantly to $446K in July 2023 in terms of value.
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The quinoa price per ton stood at $2,267 (CIF, US) in May 2022, standing approx. at the previous month.
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In February 2023, the price of cereal was $354 per ton (FOB US) - a decrease of -4.4% compared to the previous month.
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In September 2022, the grain price per ton stood at $355.6 (FOB, US), reducing by -3.5% against the previous month.
