Cote d'Ivoire: Millet Market 2024

Millet Market Size in Cote d'Ivoire

The Cote d'Ivoire's millet market was estimated at $X in 2022, approximately reflecting the previous year. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Millet Production in Cote d'Ivoire

In value terms, millet production fell to $X in 2022 estimated in export price. Overall, production continues to indicate modest growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average millet yield in Cote d'Ivoire reduced slightly to X kg per ha, therefore, remained relatively stable against the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the average millet yield reached the maximum level at X kg per ha in 2021, and then declined modestly 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, the total area harvested in terms of millet production in Cote d'Ivoire amounted to X ha, surging by X% compared with the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2016 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to millet production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Millet Exports

Exports from Cote d'Ivoire

After two years of growth, overseas shipments of millet decreased by X% to X tons in 2022. Over the period under review, exports, however, showed strong growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, millet exports shrank sharply to $X in 2022. In general, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted sharply in the following year.

Exports by Country

Gabon (X tons) was the main destination for millet exports from Cote d'Ivoire, with a X% share of total exports. Moreover, millet exports to Gabon exceeded the volume sent to the second major destination, France (X tons), fourfold.

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

In value terms, Gabon ($X) remains the key foreign market for millet exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Gabon stood at X%.

Export Prices by Country

The average millet export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Gabon stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gabon (X%), while the prices for the other major destinations experienced a decline.

Millet Imports

Imports into Cote d'Ivoire

In 2022, overseas purchases of millet increased by X% to X tons, rising for the fifth consecutive year after four years of decline. Overall, imports posted a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, millet imports skyrocketed to $X in 2022. In general, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Niger (X tons), Burkina Faso (X tons) and Mali (X tons) were the main suppliers of millet imports to Cote d'Ivoire, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Burkina Faso ($X) constituted the largest supplier of millet to Cote d'Ivoire, comprising X% of total imports. The second position in the ranking was held by Niger ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Burkina Faso totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Niger (X% per year) and Mali (X% per year).

Import Prices by Country

In 2022, the average millet import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Burkina Faso ($X per ton), while the price for Niger ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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