Luxembourg: Millet Market 2022

Millet Market Size in Luxembourg

In 2021, the Luxembourg millet market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a resilient expansion. Millet consumption peaked in 2021 and is expected to retain growth in the immediate term.

Millet Exports

Exports from Luxembourg

In 2021, exports of millet from Luxembourg soared to X kg, increasing by X% against the previous year. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, millet exports surged to $X in 2021. Overall, exports continue to indicate a mild expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Austria (X kg), France (X kg) and Belgium (X kg) were the main destinations of millet exports from Luxembourg.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, France ($X) remains the key foreign market for millet exports from Luxembourg, comprising X% of total exports. The second position in the ranking was held by Austria ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and Belgium (+X% per year).

Export Prices by Country

In 2021, the average millet export price amounted to $X per ton, rising by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Millet Imports

Imports into Luxembourg

In 2021, supplies from abroad of millet decreased by -X% to X tons, falling for the third year in a row after three years of growth. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, millet imports rose sharply to $X in 2021. In general, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of millet to Luxembourg, with a X% share of total imports. Moreover, millet imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was taken by Austria (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Austria (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of millet to Luxembourg, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Austria (+X% per year).

Import Prices by Country

In 2021, the average millet import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, millet import price increased by +X% against 2018 indices. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform