MENA: Millet Market 2024

Millet Market Size in MENA

The MENA's millet market reached $X in 2022, approximately equating the previous year. Over the period under review, consumption saw a slight decrease. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Millet Production in MENA

In value terms, millet production declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Yemen (X tons) constituted the country with the largest volume of millet production, comprising approx. X% of total volume. Moreover, millet production in Yemen exceeded the figures recorded by the second-largest producer, Iran (X tons), threefold. The third position in this ranking was held by Saudi Arabia (X tons), with a X% share.

In Yemen, millet production decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (X% per year) and Saudi Arabia (X% per year).

The average millet yield rose slightly to X kg per ha in 2022, picking up by X% on the year before. Overall, the yield, however, saw a noticeable reduction. The growth pace was the most rapid in 2017 when the yield increased by X%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of millet in MENA reached X ha, growing by X% on the previous year's figure. Over the period under review, the harvested area, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2019 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Millet Exports

Exports in MENA

In 2022, overseas shipments of millet increased by X% to X tons, rising for the third consecutive year after four years of decline. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, millet exports fell to $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Yemen (X tons) and the United Arab Emirates (X tons), together comprising a X% share of total exports.

Turkey was also the fastest-growing in terms of the millet exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Yemen experienced a relatively flat trend pattern. While the share of Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) and Yemen (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest millet supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Yemen ($X), with a X% share of total exports.

In Turkey, millet exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Yemen (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, shrinking by X% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, millet export price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Yemen ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (X%), while the other leaders experienced mixed trends in the export price figures.

Millet Imports

Imports in MENA

After two years of growth, overseas purchases of millet decreased by X% to X tons in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, millet imports stood at $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of millet, namely the United Arab Emirates, Turkey and Iraq, represented more than half of total import. It was distantly followed by Libya (X tons) and Morocco (X tons), together generating a X% share of total imports. Yemen (X tons), Algeria (X tons), Oman (X tons), Israel (X tons) and Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Libya (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Iraq ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Libya, Morocco, Oman, Israel, Yemen, Algeria and Qatar lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Oman, with a CAGR of X%, saw 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

The import price in MENA stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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