Central Asia: Millet Market 2024

Millet Market Size in Central Asia

The Central Asian millet market shrank to $X in 2022, waning by X% against the previous year. Overall, consumption, however, posted a strong expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Millet Production in Central Asia

In value terms, millet production declined slightly to $X in 2022 estimated in export price. In general, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Uzbekistan (X tons) remains the largest millet producing country in Central Asia, comprising approx. X% of total volume. Moreover, millet production in Uzbekistan exceeded the figures recorded by the second-largest producer, Kazakhstan (X tons), threefold.

In Uzbekistan, millet production expanded at an average annual rate of X% over the period from 2012-2022.

In 2022, the average millet yield in Central Asia reduced to X tons per ha, waning by X% against 2021 figures. Over the period under review, the yield, however, showed a strong increase. The most prominent rate of growth was recorded in 2016 when the yield increased by X% against the previous year. Over the period under review, the millet yield attained the maximum level at X tons per ha in 2021, and then fell in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of millet were harvested in Central Asia; growing by X% compared with the previous year's figure. In general, the harvested area enjoyed a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to millet production attained the maximum at X ha in 2019; however, from 2020 to 2022, the harvested area failed to regain momentum.

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Millet Exports

Exports in Central Asia

In 2022, the amount of millet exported in Central Asia surged to X tons, jumping by X% against the previous year. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, millet exports skyrocketed to $X in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Uzbekistan was the key exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Kazakhstan (X tons), generating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to millet exports from Uzbekistan stood at X%. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Uzbekistan ($X) emerged as the largest millet supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan totaled X%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%).

Millet Imports

Imports in Central Asia

Millet imports skyrocketed to X tons in 2022, picking up by X% against 2021 figures. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, millet imports skyrocketed to $X in 2022. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Uzbekistan represented the key importer of millet in Central Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. Mongolia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (X%). Tajikistan (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Mongolia ($X), Uzbekistan ($X) and Kazakhstan ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mongolia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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