Report Latin America and the Caribbean - Millet - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: May 12, 2022

Latin America and the Caribbean - Millet - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Millet Market 2022

Production By Country in Latin America and the Caribbean

The country with the largest volume of millet production was Argentina (X tonnes), accounting for X% of total volume. It was followed by Mexico (X tonnes), with a X% share of total production.

In Argentina, millet production declined by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Mexico (-X% per year) and Panama (+X% per year).

Millet Exports

Exports in Latin America and the Caribbean

In 2020, shipments abroad of millet increased by X% to X tonnes, rising for the second year in a row after two years of decline. In general, exports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked at X tonnes in 2013; however, from 2014 to 2020, the exports failed to regain momentum.

In value terms, millet exports fell to $X in 2020. Overall, exports, however, continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2020, the exports remained at a lower figure.

Exports by Country

Argentina dominates millet exports structure, reaching X tonnes, which was near X% of total exports in 2020. It was distantly followed by Brazil (X tonnes), mixing up a X% share of total exports. The following exporters - Bolivia (X tonnes) and Haiti (X tonnes) - each finished at a X% share of total exports.

From 2007 to 2020, average annual rates of growth with regard to millet exports from Argentina stood at -X%. At the same time, Bolivia (+X%), Brazil (+X%) and Haiti (+X%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. While the share of Brazil (+X p.p.), Bolivia (+X p.p.) and Haiti (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Argentina (-X p.p.) displayed negative dynamics.

In value terms, Argentina ($X) remains the largest millet supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Bolivia ($X), with a X% share of total exports. It was followed by Brazil, with an X% share.

In Argentina, millet exports plunged by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Bolivia (+X% per year) and Brazil (+X% per year).

Export Prices by Country

The millet export price in Latin America and the Caribbean stood at $X per tonne in 2020, falling by -X% against the previous year. Overall, the export price, however, saw moderate growth. The pace of growth was the most pronounced in 2018 when the export price increased by X% year-to-year. As a result, the export price attained the peak level of $X per tonne. From 2019 to 2020, the the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Bolivia ($X per tonne), while Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bolivia (+X%), while the other leaders experienced more modest paces of growth.

Millet Imports

Imports in Latin America and the Caribbean

In 2020, after three years of decline, there was significant growth in supplies from abroad of millet, when their volume increased by X% to X tonnes. Overall, imports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2016; however, from 2017 to 2020, imports failed to regain momentum.

In value terms, millet imports skyrocketed to $X in 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2016 to 2020, the growth imports remained at a lower figure.

Imports by Country

Mexico (X tonnes) and Brazil (X tonnes) represented roughly X% of total imports of millet in 2020. It was distantly followed by Chile (X tonnes), making up a X% share of total imports. Colombia (X tonnes), Costa Rica (X tonnes), El Salvador (X tonnes), Guatemala (X tonnes), Peru (X tonnes), Trinidad and Tobago (X tonnes), the Dominican Republic (X tonnes) and Panama (X tonnes) held a relatively small share of total imports.

From 2007 to 2020, the biggest increases were in Panama (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Chile ($X) were the countries with the highest levels of imports in 2020, with a combined X% share of total imports. Colombia, Costa Rica, El Salvador, Peru, Guatemala, the Dominican Republic, Panama and Trinidad and Tobago lagged somewhat behind, together accounting for a further X terms of the main importing countries, Panama, with a CAGR of +X%, recorded the highest growth rate of 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 millet import price in Latin America and the Caribbean amounted to $X per tonne, with an increase of X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2019 an increase of X% year-to-year. Over the period under review, import prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Colombia ($X per tonne), while Trinidad and Tobago ($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 Dominican Republic (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for millet in LatAmerica and the Caribbean?
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The countries with the highest volumes of millet consumption in 2020 were Argentina, Mexico and Brazil, together comprising 77% of total consumption. These countries were followed by Chile, Colombia, Panama and Costa Rica, which together accounted for a further 12%.
What are the largest producers of millet in LatAmerica and the Caribbean?
+
Argentina remains the largest millet producing country in Latin America and the Caribbean, accounting for 91% of total volume. It was followed by Mexico, with a 3% share of total production.
What are the leading exporters of millet in LatAmerica and the Caribbean?
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In value terms, Argentina remains the largest millet supplier in Latin America and the Caribbean, comprising 71% of total exports. The second position in the ranking was occupied by Bolivia, with a 9.5% share of total exports. It was followed by Brazil, with an 8.7% share.
What are the leading importers of millet in LatAmerica and the Caribbean?
+
In value terms, the largest millet importing markets in Latin America and the Caribbean were Mexico, Brazil and Chile, together comprising 71% of total imports. Colombia, Costa Rica, El Salvador, Peru, Guatemala, the Dominican Republic, Panama and Trinidad and Tobago lagged somewhat behind, together comprising a further 23%.
What is the average export price for millet in LatAmerica and the Caribbean?
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In 2020, the millet export price in Latin America and the Caribbean amounted to $433 per tonne, which is down by -33% against the previous year.
What is the average import price for millet in LatAmerica and the Caribbean?
+
In 2020, the millet import price in Latin America and the Caribbean amounted to $521 per tonne, with an increase of 9.8% against the previous year.

This report provides an in-depth analysis of the millet market in Latin America and the Caribbean. 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.


Product coverage:
• FCL 79 - Millet
Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• 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
CONSUMPTION BY COUNTRY
3.3
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 VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Harvested Area, By Country, 2012–2021
Table 7:
Yield, By Country, 2012–2021
Table 8:
Imports, In Physical Terms, By Country, 2012–2021
Table 9:
Imports, In Value Terms, By Country, 2012–2021
Table 10:
Import Prices, By Country Of Destination, 2012–2021
Table 11:
Exports, In Physical Terms, By Country, 2012–2021
Table 12:
Exports, In Value Terms, By Country, 2012–2021
Table 13:
Export Prices, By Country Of Origin, 2012–2021
Table 14:
Producer Prices, By Major Producing Country, 2021
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2012–2021
Figure 18:
Production, In Value Terms, 2012–2021
Figure 19:
Area Harvested, 2012–2021
Figure 20:
Yield, 2012–2021
Figure 21:
Production, By Country, 2021
Figure 22:
Production, In Physical Terms, By Country, 2012–2021
Figure 23:
Harvested Area, By Country, 2021
Figure 24:
Harvested Area, By Country, 2012–2021
Figure 25:
Yield, By Country, 2012–2021
Figure 26:
Imports, In Physical Terms, 2012–2021
Figure 27:
Imports, In Value Terms, 2012–2021
Figure 28:
Imports, In Physical Terms, By Country, 2021
Figure 29:
Imports, In Physical Terms, By Country, 2012–2021
Figure 30:
Imports, In Value Terms, By Country, 2012–2021
Figure 31:
Import Prices, By Country, 2012–2021
Figure 32:
Exports, In Physical Terms, 2012–2021
Figure 33:
Exports, In Value Terms, 2012–2021
Figure 34:
Exports, In Physical Terms, By Country, 2021
Figure 35:
Exports, In Physical Terms, By Country, 2012–2021
Figure 36:
Exports, In Value Terms, By Country, 2012–2021
Figure 37:
Export Prices, 2012–2021
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