CIS: Millet Market 2022

Production By Country in CIS

Russia (X tonnes) constituted the country with the largest volume of millet production, comprising approx. X% of total volume. Moreover, millet production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan (X tonnes), tenfold. The third position in this ranking was occupied by Belarus (X tonnes), with a X% share.

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

Millet Exports

Exports in CIS

In 2020, approx. X tonnes of millet were exported in the CIS; picking up by X% against 2019. Overall, exports recorded a modest increase. The pace of growth was the most pronounced in 2014 when exports increased by X% year-to-year. Over the period under review, the exports attained the maximum at X tonnes in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, millet exports fell modestly to $X in 2020. In general, exports showed a modest expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. The level of export peaked at $X in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

Exports by Country

Russia dominates millet exports structure, finishing at X tonnes, which was approx. X% of total exports in 2020. It was distantly followed by Kazakhstan (X tonnes), making up a X% share of total exports. Belarus (X tonnes) took a relatively small share of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of millet. At the same time, Belarus (+X%) and Kazakhstan (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +X% from 2007-2020. Kazakhstan (+X p.p.) and Belarus (+X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, Russia ($X) remains the largest millet supplier in the CIS, comprising X% of total exports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of total exports.

In Russia, millet exports remained relatively stable over the period from 2007-2020. In the other countries, the average annual rates were as follows: Kazakhstan (+X% per year) and Belarus (+X% per year).

Export Prices by Country

In 2020, the millet export price in the CIS amounted to $X per tonne, waning by -X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per tonne, and then fell in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was Kazakhstan ($X per tonne), while Belarus ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Kazakhstan (+X%), while the other leaders experienced a decline in the export price figures.

Millet Imports

Imports in CIS

Millet imports surged to X tonnes in 2020, increasing by X% on the previous year's figure. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. From 2015 to 2020, the growth imports failed to regain momentum.

In value terms, millet imports expanded remarkably to $X in 2020. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2020, imports failed to regain momentum.

Imports by Country

In 2020, Armenia (X tonnes), distantly followed by Moldova (X tonnes), Russia (X tonnes), Kazakhstan (X tonnes), Azerbaijan (X tonnes), Kyrgyzstan (X tonnes), Tajikistan (X tonnes) and Uzbekistan (X tonnes) were the key importers of millet, together generating X% of total imports.

From 2007 to 2020, the biggest increases were in Azerbaijan (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest millet importing markets in the CIS were Kazakhstan ($X), Moldova ($X) and Russia ($X), together accounting for X% of total imports. Armenia, Azerbaijan, Kyrgyzstan, Uzbekistan and Tajikistan lagged somewhat behind, together accounting for a further X terms of the main importing countries, Azerbaijan, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The millet import price in the CIS stood at $X per tonne in 2020, falling by -X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne, and then shrank in the following year.

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

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

Source: IndexBox Platform