Report Asia - Millet - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Asia - Millet - Market Analysis, Forecast, Size, Trends and Insights
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Asia: Millet Market 2022

Production By Country in Asia

India (X tonnes) constituted the country with the largest volume of millet production, accounting for X% of total volume. Moreover, millet production in India exceeded the figures recorded by the second-largest producer, China (X tonnes), fivefold. Nepal (X tonnes) ranked third in terms of total production with a X% share.

In India, millet production remained relatively stable over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: China (+X% per year) and Nepal (+X% per year).

Millet Exports

Exports in Asia

In 2020, shipments abroad of millet increased by X% to X tonnes, rising for the third year in a row after two years of decline. Overall, exports saw a tangible expansion. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. The volume of export peaked at X tonnes in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

In value terms, millet exports rose sharply to $X in 2020. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

Exports by Country

In 2020, India (X tonnes) represented the largest exporter of millet, committing X% of total exports. Turkey (X tonnes) took the second position in the ranking, followed by Myanmar (X tonnes) and Pakistan (X tonnes). All these countries together took near X% share of total exports. China (X tonnes), Kazakhstan (X tonnes) and the United Arab Emirates (X tonnes) followed a long way behind the leaders.

Exports from India increased at an average annual rate of +X% from 2007 to 2020. At the same time, Turkey (+X%), Pakistan (+X%), the United Arab Emirates (+X%), Myanmar (+X%) and Kazakhstan (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. By contrast, China (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Turkey, Myanmar, Pakistan, India and Kazakhstan increased by +X, +X, +X, +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest millet supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

From 2007 to 2020, the average annual growth rate of value in India amounted to +X%. In the other countries, the average annual rates were as follows: China (-X% per year) and Myanmar (+X% per year).

Export Prices by Country

The millet export price in Asia stood at $X per tonne in 2020, dropping by -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010 when the export price increased by X% y-o-y. Over the period under review, the export prices hit record highs at $X per tonne in 2019, and then reduced in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per tonne), while Pakistan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced more modest paces of growth.

Millet Imports

Imports in Asia

In 2020, millet imports in Asia soared to X tonnes, increasing by X% on the previous year's figure. Total imports indicated buoyant growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, millet imports skyrocketed to $X in 2020. Over the period under review, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. The level of import peaked in 2020 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2020, Indonesia (X tonnes) represented the largest importer of millet, making up X% of total imports. Turkey (X tonnes) ranks second in terms of the total imports with an X% share, followed by the United Arab Emirates (X%), Iraq (X%), Nepal (X%) and South Korea (X%). Japan (X tonnes), Malaysia (X tonnes), Thailand (X tonnes), the Philippines (X tonnes), Israel (X tonnes) and Oman (X tonnes) held a relatively small share of total imports.

Imports into Indonesia increased at an average annual rate of +X% from 2007 to 2020. At the same time, Iraq (+X%), Turkey (+X%), Oman (+X%), Nepal (+X%), Israel (+X%), the United Arab Emirates (+X%), Malaysia (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. The Philippines and Japan experienced a relatively flat trend pattern. By contrast, South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Indonesia, Turkey, Iraq, Nepal and Oman increased by +X, +X, +X, +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported millet in Asia, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with an X% share of total imports. It was followed by Japan, with a X% share.

In Indonesia, millet imports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Japan (+X% per year).

Import Prices by Country

The millet import price in Asia stood at $X per tonne in 2020, approximately reflecting the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per tonne in 2019, and then reduced modestly in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($X per tonne), while Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Iraq (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for millet in Asia?
+
The country with the largest volume of millet consumption was India, accounting for 78% of total volume. Moreover, millet consumption in India exceeded the figures recorded by the second-largest consumer, China, fivefold. The third position in this ranking was occupied by Nepal, with a 2.1% share.
What are the largest producers of millet in Asia?
+
The country with the largest volume of millet production was India, accounting for 79% of total volume. Moreover, millet production in India exceeded the figures recorded by the second-largest producer, China, fivefold. The third position in this ranking was occupied by Nepal, with a 2% share.
What are the leading suppliers of millet in Asia?
+
In value terms, India remains the largest millet supplier in Asia, comprising 53% of total exports. The second position in the ranking was occupied by China, with a 14% share of total exports. It was followed by Myanmar, with a 9.2% share.
What are the leading importers of millet in Asia?
+
In value terms, Indonesia constitutes the largest market for imported millet in Asia, comprising 35% of total imports. The second position in the ranking was occupied by South Korea, with an 11% share of total imports. It was followed by Japan, with a 6.9% share.
What is the average export price for millet in Asia?
+
In 2020, the millet export price in Asia amounted to $353 per tonne, dropping by -12.9% against the previous year.
What is the average import price for millet in Asia?
+
In 2020, the millet import price in Asia amounted to $421 per tonne, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the millet market in Asia. 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 2025.


Product coverage:
• FCL 79 - Millet

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Vietnam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2007–2021
Table 6:
Harvested Area, By Country, 2007–2021
Table 7:
Yield, By Country, 2007–2021
Table 8:
Imports, In Physical Terms, By Country, 2007–2021
Table 9:
Imports, In Value Terms, By Country, 2007–2021
Table 10:
Import Prices, By Country Of Destination, 2007–2021
Table 11:
Exports, In Physical Terms, By Country, 2007–2021
Table 12:
Exports, In Value Terms, By Country, 2007–2021
Table 13:
Export Prices, By Country Of Origin, 2007–2021
Table 14:
Producer Prices, By Major Producing Country, 2021
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2021
Figure 18:
Production, In Value Terms, 2007–2021
Figure 19:
Area Harvested, 2007–2021
Figure 20:
Yield, 2007–2021
Figure 21:
Production, By Country, 2021
Figure 22:
Production, In Physical Terms, By Country, 2007–2021
Figure 23:
Harvested Area, By Country, 2021
Figure 24:
Harvested Area, By Country, 2007–2021
Figure 25:
Yield, By Country, 2007–2021
Figure 26:
Imports, In Physical Terms, 2007–2021
Figure 27:
Imports, In Value Terms, 2007–2021
Figure 28:
Imports, In Physical Terms, By Country, 2021
Figure 29:
Imports, In Physical Terms, By Country, 2007–2021
Figure 30:
Imports, In Value Terms, By Country, 2007–2021
Figure 31:
Import Prices, By Country, 2007–2021
Figure 32:
Exports, In Physical Terms, 2007–2021
Figure 33:
Exports, In Value Terms, 2007–2021
Figure 34:
Exports, In Physical Terms, By Country, 2021
Figure 35:
Exports, In Physical Terms, By Country, 2007–2021
Figure 36:
Exports, In Value Terms, By Country, 2007–2021
Figure 37:
Export Prices, 2007–2021
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