Austria: Millet Market Overview 2021

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?

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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?

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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?

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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?

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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?

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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?

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In 2019, the average millet import price amounted to $642 per tonne, declining by -51.6% against the previous year.