Israel: Millet Market Overview 2021

Millet Market Size in Israel

The Israeli millet market reduced to $X in 2019, with a decrease of -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 showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.

Millet Exports

Exports from Israel

In 2019, approx. X tonnes of millet were exported from Israel; increasing by X% against 2018 figures. Overall, exports continue to indicate significant growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, millet exports surged to $X in 2019. Over the period under review, exports showed a significant expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tonnes) was the main destination for millet exports from Israel, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Belgium was relatively modest.

From 2007 to 2019, the average annual growth rate of value to Belgium was relatively modest.

Export Prices by Country

The average millet export price stood at $X per tonne in 2019, waning by -X% against the previous year. Overall, the export price recorded a mild slump. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2017 to 2019, the growth in terms of the average export prices remained at a lower figure.

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

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

Millet Imports

Imports into Israel

In 2019, the amount of millet imported into Israel expanded significantly to X tonnes, picking up by X% on the year before. Over the period under review, imports showed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tonnes in 2014; however, from 2015 to 2019, imports remained at a lower figure.

In value terms, millet imports dropped to $X in 2019. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

Russia (X tonnes), the U.S. (X tonnes) and Ukraine (X tonnes) were the main suppliers of millet imports to Israel, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Russia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest millet suppliers to Israel were Russia ($X), the U.S. ($X) and Ukraine ($X), together comprising X% of total imports.

Russia saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average millet import price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. In general, the import price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2016 an increase of X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2007; however, from 2008 to 2019, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Spain ($X per tonne) and Argentina ($X per tonne), while the price for Russia ($X per tonne) and Ukraine ($X per tonne) were 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 more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for millet in the world?

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The country with the largest volume of millet consumption was India (10M tonnes), 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. Niger (3.3M tonnes) ranked third in terms of total consumption 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), comprising approx. 33% of total volume. Moreover, millet production in India exceeded the figures recorded by the second-largest producer, 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 leading suppliers of millet to Israel?

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In value terms, the largest millet suppliers to Israel were Russia ($269K), the U.S. ($179K) and Ukraine ($160K), with a combined 58% share of total imports.

What is the average export price for millet in Israel?

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In 2019, the average millet export price amounted to $1,561 per tonne, waning by -29.9% against the previous year.

What is the average import price for millet in Israel?

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The average millet import price stood at $349 per tonne in 2019, with a decrease of -14.3% against the previous year.