Egypt: Millet Market Overview 2021

Millet Market Size in Egypt

The Egyptian millet market soared to $X in 2019, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Millet consumption peaked at $X in 2010; however, from 2011 to 2019, consumption failed to regain the momentum.

Millet Exports

Exports from Egypt

In 2019, overseas shipments of millet increased by X% to X tonnes for the first time since 2016, thus ending a two-year declining trend. Overall, exports, however, saw a precipitous decline. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

In value terms, millet exports reduced to $X in 2019. Over the period under review, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. As a result, exports reached the peak of $X. From 2014 to 2019, the growth exports remained at a lower figure.

Exports by Country

Canada (X tonnes) was the main destination for millet exports from Egypt, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Canada stood at -X%.

In value terms, Canada ($X) also remains the key foreign market for millet exports from Egypt.

From 2007 to 2019, the average annual growth rate of value to Canada stood at -X%.

Export Prices by Country

In 2019, the average millet export price amounted to $X per tonne, declining by -X% against the previous year. In general, the export price, however, saw a buoyant increase. The pace of growth was the most pronounced in 2015 an increase of X% year-to-year. The export price peaked at $X per tonne in 2017; however, from 2018 to 2019, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Canada.

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

Millet Imports

Imports into Egypt

In 2019, supplies from abroad of millet increased by X% to X tonnes, rising for the third consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Imports peaked at X tonnes in 2009; however, from 2010 to 2019, imports failed to regain the momentum.

In value terms, millet imports skyrocketed to $X in 2019. Overall, imports, however, recorded a slight increase. Imports peaked at $X in 2010; however, from 2011 to 2019, imports failed to regain the momentum.

Imports by Country

Canada (X tonnes), India (X tonnes) and Russia (X tonnes) were the main suppliers of millet imports to Egypt, with a combined X% share of total imports. The U.S. lagged somewhat behind, comprising a further X 2007 to 2019, the biggest increases were in the U.S., while purchases for the other leaders experienced mixed trend patterns.

In value terms, Canada ($X), India ($X) and the U.S. ($X) constituted the largest millet suppliers to Egypt, together accounting for X% of total imports.

Among the main suppliers, the U.S. recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2019, the average millet import price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2007 to 2019: its price 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 import price increased by +X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was India ($X per tonne), while the price for Russia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for millet in the world?

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India (10M tonnes) constituted the country with the largest volume of millet consumption, accounting for 33% of total volume. Moreover, millet consumption in India exceeded the figures recorded by the second-largest consumer, China (4.6M tonnes), twofold. The third position in this ranking was occupied by Niger (3.3M tonnes), with a 11% share.

What are the largest producers of millet in the world?

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The country with the largest volume of millet production was India (10M tonnes), accounting for 33% of total volume. Moreover, millet production in India exceeded the figures recorded by the second-largest producer, China (4.6M tonnes), twofold. Niger (3.3M tonnes) ranked third in terms of total production with a 11% share.

What are the leading suppliers of millet to Egypt?

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In value terms, the largest millet suppliers to Egypt were Canada ($606K), India ($557K) and the U.S. ($189K), together accounting for 90% of total imports.

What are the leading importers of millet from Egypt?

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In value terms, Canada ($18K) remains the key foreign market for millet exports from Egypt.

What is the average export price for millet in Egypt?

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In 2019, the average millet export price amounted to $1,584 per tonne, declining by -17% against the previous year.

What is the average import price for millet in Egypt?

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The average millet import price stood at $512 per tonne in 2019, increasing by 51% against the previous year.