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Italy - Millet - Market Analysis, Forecast, Size, Trends and Insights
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Italy: Millet Market Overview 2021

Millet Market Size in Italy

After four years of decline, the Italian millet market increased by X% to $X in 2020. In general, the total consumption indicated a modest increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Millet consumption peaked at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Millet Exports

Exports from Italy

In 2020, overseas shipments of millet increased by X% to X tonnes, rising for the fifth year in a row after two years of decline. Overall, exports posted strong growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Exports peaked in 2020 and are expected to retain growth in years to come.

In value terms, millet exports skyrocketed to $X in 2020. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the immediate term.

Exports by Country

France (X tonnes) was the main destination for millet exports from Italy, accounting for a X% share of total exports. Moreover, millet exports to France exceeded the volume sent to the second major destination, Germany (X tonnes), threefold. Hungary (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Hungary (+X% per year).

In value terms, France ($X) emerged as the key foreign market for millet exports from Italy, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2007 to 2020, the average annual growth rate of value to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Spain (-X% per year).

Export Prices by Country

In 2020, the average millet export price amounted to $X per tonne, surging by X% against the previous year. Overall, export price indicated resilient growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, millet export price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2012 an increase of X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per tonne in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Greece ($X per tonne), while the average price for exports to Hungary ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Millet Imports

Imports into Italy

After three years of decline, overseas purchases of millet increased by X% to X tonnes in 2020. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. from 2013 to 2020, the growth imports remained at a lower figure.

In value terms, millet imports skyrocketed to $X in 2020. Overall, total imports indicated a notable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2012; afterwards, it flattened through to 2020.

Imports by Country

In 2020, Ukraine (X tonnes) constituted the largest millet supplier to Italy, accounting for a X% share of total imports. Moreover, millet imports from Ukraine exceeded the figures recorded by the second-largest supplier, France (X tonnes), threefold. The third position in this ranking was occupied by Argentina (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Ukraine stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Argentina (+X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of millet to Italy, comprising X% of total imports. The second position in the ranking was occupied by Poland ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Ukraine stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Argentina (+X% per year).

Import Prices by Country

In 2020, the average millet import price amounted to $X per tonne, rising by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. As a result, import price reached 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 Senegal ($X per tonne), while the price for France ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for millet in the world?
+
India (10M tonnes) remains the largest millet consuming country worldwide, accounting for 35% of total volume. Moreover, millet consumption in India exceeded the figures recorded by the second-largest consumer, Niger (3.3M tonnes), threefold. The third position in this ranking was occupied by China (2.4M tonnes), with a 8.3% share.
What are the largest producers of millet in the world?
+
India (10M tonnes) remains the largest millet producing country worldwide, comprising approx. 35% of total volume. Moreover, millet production in India exceeded the figures recorded by the second-largest producer, Niger (3.3M tonnes), threefold. The third position in this ranking was occupied by China (2.4M tonnes), with a 8.3% share.
What are the leading suppliers of millet to Italy?
+
In value terms, Ukraine ($2.2M) constituted the largest supplier of millet to Italy, comprising 34% of total imports. The second position in the ranking was occupied by Poland ($1M), with a 16% share of total imports. It was followed by Argentina, with a 13% share.
What are the leading importers of millet from Italy?
+
In value terms, France ($572K) emerged as the key foreign market for millet exports from Italy, comprising 60% of total exports. The second position in the ranking was occupied by Germany ($234K), with a 25% share of total exports. It was followed by Spain, with a 2.9% share.
What is the average export price for millet in Italy?
+
In 2020, the average millet export price amounted to $1,329 per tonne, picking up by 2.5% against the previous year.
What is the average import price for millet in Italy?
+
In 2020, the average millet import price amounted to $502 per tonne, rising by 26% against the previous year.

Product coverage:
• FCL 79 - Millet

This report provides an in-depth analysis of the millet market in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Italy

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Italy
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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