Israel: Millet Market Overview 2021

Millet Market Size in Israel

The Israeli millet market surged to $X in 2020, with an increase 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). In general, consumption enjoyed a prominent expansion. The growth pace was the most rapid in 2008 when the market value increased by X% year-to-year. Millet consumption peaked at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Millet Exports

Exports from Israel

In 2020, overseas shipments of millet decreased by -X% to X kg for the first time since 2017, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2019, and then contracted dramatically in the following year.

In value terms, millet exports dropped dramatically to $X in 2020. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2019, and then contracted markedly in the following year.

Exports by Country

Spain (X kg) was the main destination for millet exports from Israel, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Spain was relatively modest.

From 2007 to 2020, the average annual rate of growth in terms of value to Spain was relatively modest.

Export Prices by Country

In 2020, the average millet export price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2020, the rate of growth in terms of prices for Spain amounted to X% per year.

Millet Imports

Imports into Israel

In 2020, overseas purchases of millet increased by X% to X tonnes, rising for the fourth consecutive year after two years of decline. In general, imports saw a prominent increase. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Imports peaked at X tonnes in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, millet imports skyrocketed to $X in 2020. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Imports peaked in 2020 and are expected to retain growth in years to come.

Imports by Country

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

From 2007 to 2020, 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 the Netherlands ($X), Ukraine ($X) and Russia ($X), together comprising X% of total imports.

Among the main suppliers, Russia 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

In 2020, the average millet import price amounted to $X per tonne, with an increase of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Russia ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform