Eastern Europe: Millet Market 2024

Millet Market Size in Eastern Europe

In 2022, the East European millet market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. The total consumption indicated a slight expansion 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 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Millet Production in Eastern Europe

In value terms, millet production contracted to $X in 2022 estimated in export price. The total production indicated a perceptible expansion 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, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Russia (X tons), Ukraine (X tons) and Poland (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of millet in Eastern Europe contracted to X tons per ha, with a decrease of X% against 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the yield reached the peak level of X tons per ha, 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, the total area harvested in terms of millet production in Eastern Europe skyrocketed to X ha, surging by X% against the previous year's figure. Over the period under review, the harvested area, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

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Millet Exports

Exports in Eastern Europe

After three years of growth, overseas shipments of millet decreased by X% to X tons in 2022. Overall, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2020 when exports increased by X%. The volume of export peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, millet exports reduced modestly to $X in 2022. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then fell modestly in the following year.

Exports by Country

Russia (X tons) and Ukraine (X tons) prevails in exports structure, together constituting X% of total exports. It was distantly followed by Poland (X tons), mixing up a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the largest millet supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled X%. In the other countries, the average annual rates were as follows: Ukraine (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price 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, millet export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Millet Imports

Imports in Eastern Europe

In 2022, after three years of growth, there was significant decline in supplies from abroad of millet, when their volume decreased by X% to X tons. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, millet imports reduced to $X in 2022. In general, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Poland (X tons) represented the largest importer of millet, creating X% of total imports. It was distantly followed by Hungary (X tons), Bulgaria (X tons) and the Czech Republic (X tons), together making up a X% share of total imports.

Poland was also the fastest-growing in terms of the millet imports, with a CAGR of X% from 2012 to 2022. At the same time, the Czech Republic (X%), Bulgaria (X%) and Hungary (X%) displayed positive paces of growth. While the share of Poland (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bulgaria (X p.p.) and Hungary (X p.p.) displayed negative dynamics.

In value terms, Poland ($X), the Czech Republic ($X) and Hungary ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Poland, with a CAGR of X%, saw 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 import price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price 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. The growth pace was the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 the Czech Republic ($X per ton), while Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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