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

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Millet Market Size in Belarus

The Belarusian millet market skyrocketed to $X in 2019, jumping by X% against the previous year. Over the period under review, consumption saw a perceptible increase. The most prominent rate of growth was recorded in 2016 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.

Millet Production in Belarus

In value terms, millet production skyrocketed to $X in 2019 estimated in export prices. In general, production showed a notable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% y-o-y. Millet production peaked at $X in 2011; however, from 2012 to 2019, production failed to regain the momentum.

In 2019, the average yield of millet in Belarus totaled X tonnes per ha, approximately reflecting the year before. In general, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. As a result, the yield attained the peak level of X tonnes per ha. From 2017 to 2019, the growth of the average millet yield remained at a somewhat 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 millet harvested area in Belarus expanded modestly to X ha, with an increase of X% against the year before. In general, the total harvested area indicated a slight increase from 2007 to 2019: its figure 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, millet harvested area decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2016 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2017 to 2019, the growth of the millet harvested area failed to regain the momentum.

Millet Exports

Exports from Belarus

Millet exports from Belarus surged to X tonnes in 2019, with an increase of X% on the year before. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure in 2019 and are likely to see gradual growth in the immediate term.

In value terms, millet exports surged to $X in 2019. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum in 2019 and are likely to see steady growth in the near future.

Exports by Country

Poland (X tonnes) and Qatar (X tonnes) were the main destinations of millet exports from Belarus.

From 2007 to 2019, the biggest increases were in Poland.

In value terms, Poland ($X) and Qatar ($X) constituted the largest markets for millet exported from Belarus worldwide.

Among the main countries of destination, Poland saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average millet export price stood at $X per tonne in 2019, with an increase of X% against the previous year. In general, the export price posted a modest expansion. The export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2019, the country with the highest price was Qatar ($X per tonne), while the average price for exports to Poland stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Qatar.

Millet Imports

Imports into Belarus

In 2019, overseas purchases of millet decreased by X% to X tonnes, falling for the second year in a row after three years of decline. Overall, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, millet imports amounted to $X in 2019. Over the period under review, imports recorded a deep reduction. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, China (X tonnes) was the main supplier of millet to Belarus, with a approx. X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of millet to Belarus.

From 2007 to 2019, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

The average millet import price stood at $X per tonne in 2019, remaining constant against the previous year. Over the period under review, the import price enjoyed moderate growth. The growth pace was the most rapid in 2009 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2019, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for millet in the world?
+
India (11M tonnes) constituted the country with the largest volume of millet consumption, comprising approx. 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. Nigeria (2M tonnes) ranked third in terms of total production with a 6.8% share.
What are the leading suppliers of millet to Belarus?
+
In value terms, China ($2.8K) constituted the largest supplier of millet to Belarus.
What are the leading importers of millet from Belarus?
+
In value terms, Poland ($31K) and Qatar ($22K) were the largest markets for millet exported from Belarus worldwide.
What is the average export price for millet in Belarus?
+
The average millet export price stood at $330 per tonne in 2019, increasing by 59% against the previous year.
What is the average import price for millet in Belarus?
+
In 2019, the average millet import price amounted to $573 per tonne, remaining stable against the previous year.

Product coverage:
• FCL 79 - Millet

This report provides an in-depth analysis of the millet market in Belarus. 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:
• Belarus

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