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Austria - Millet - Market Analysis, Forecast, Size, Trends and Insights
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Austria: Millet Market Overview 2021

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Millet Market Size in Austria

The Austrian millet market soared to $X in 2019, surging by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Millet consumption peaked at $X in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.

Millet Production in Austria

In value terms, millet production rose remarkably to $X in 2019 estimated in export prices. Over the period under review, the total production indicated buoyant growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level at $X in 2016; afterwards, it flattened through to 2019.

In 2019, the average yield of millet in Austria stood at X tonnes per ha, picking up by X% on the previous year. Overall, the yield posted buoyant growth. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, the average millet yield attained the peak level at X tonnes per ha in 2011; however, from 2012 to 2019, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of millet production in Austria reduced to X ha, with a decrease of -X% compared with 2018. In general, the harvested area recorded a abrupt decline. The pace of growth was the most pronounced in 2013 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to millet production reached the maximum at X ha in 2009; however, from 2010 to 2019, the harvested area failed to regain the momentum.

Millet Exports

Exports from Austria

Millet exports from Austria fell slightly to X tonnes in 2019, remaining constant against the year before. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X tonnes in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

In value terms, millet exports totaled $X in 2019. Over the period under review, exports enjoyed a notable expansion. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.

Exports by Country

Germany (X tonnes) was the main destination for millet exports from Austria, accounting for a X% share of total exports. Moreover, millet exports to Germany exceeded the volume sent to the second major destination, Italy (X tonnes), sixfold. Switzerland (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-X% per year) and Switzerland (-X% per year).

In value terms, Germany ($X) remains the key foreign market for millet exports from Austria, comprising X% of total exports. The second position in the ranking was occupied by Switzerland ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+X% per year) and Italy (-X% per year).

Export Prices by Country

The average millet export price stood at $X per tonne in 2019, increasing by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. The export price peaked at $X per tonne in 2016; however, from 2017 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Hungary ($X per tonne), while the average price for exports to Italy ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland, while the prices for the other major destinations experienced more modest paces of growth.

Millet Imports

Imports into Austria

In 2019, supplies from abroad of millet was finally on the rise to reach X tonnes after five years of decline. In general, imports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. From 2014 to 2019, the growth imports failed to regain the momentum.

In value terms, millet imports fell to $X in 2019. Overall, imports, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

The Czech Republic (X tonnes), Romania (X tonnes) and Hungary (X tonnes) were the main suppliers of millet imports to Austria, together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in the Czech Republic, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Romania ($X) appeared to be the largest millet suppliers to Austria, with a combined X% share of total imports.

The Czech Republic saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average millet import price stood at $X per tonne in 2019, waning by -X% against the previous year. In general, the import price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne, and then plummeted in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Russia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Romania, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for millet in the world?
+
India (11M tonnes) remains the largest millet consuming country worldwide, accounting for 39% of total volume. Moreover, millet consumption in India exceeded the figures recorded by the second-largest consumer, Niger (4M tonnes), threefold. Nigeria (2M tonnes) ranked third in terms of total consumption with a 6.8% share.
What are the largest producers of millet in the world?
+
The country with the largest volume of millet production was India (12M tonnes), comprising approx. 39% of total volume. Moreover, millet production in India exceeded the figures recorded by the second-largest producer, Niger (4M tonnes), threefold. The third position in this ranking was occupied by Nigeria (2M tonnes), with a 6.8% share.
What are the leading suppliers of millet to Austria?
+
In value terms, Germany ($615K), the Czech Republic ($561K) and Romania ($258K) were the largest millet suppliers to Austria, together accounting for 74% of total imports.
What are the leading importers of millet from Austria?
+
In value terms, Germany ($3.4M) remains the key foreign market for millet exports from Austria, comprising 71% of total exports. The second position in the ranking was occupied by Switzerland ($359K), with a 7.4% share of total exports. It was followed by Italy, with a 6.4% share.
What is the average export price for millet in Austria?
+
The average millet export price stood at $661 per tonne in 2019, with an increase of 11% against the previous year.
What is the average import price for millet in Austria?
+
In 2019, the average millet import price amounted to $642 per tonne, declining by -51.6% against the previous year.

Product coverage:
• FCL 79 - Millet

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


Country coverage:
• Austria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Austria
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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