Report Mexico - Millet - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jul 15, 2022

Mexico - Millet - Market Analysis, Forecast, Size, Trends and Insights
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Mexico: Millet Market 2022

Millet Market Size in Mexico

The Mexican millet market shrank dramatically to $X in 2021, dropping by -X% against the previous year. Over the period under review, consumption continues to indicate a abrupt setback. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Millet Production in Mexico

In value terms, millet production soared to $X in 2021 estimated in export price. In general, production recorded a deep setback. Millet production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

In 2021, the average yield of millet in Mexico dropped to X tons per ha, with a decrease of -X% against 2020. Over the period under review, the yield showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. Over the period under review, the average millet yield reached the maximum level at X tons per ha in 2012; however, from 2013 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of millet in Mexico reached X ha, with an increase of X% against the year before. Overall, the harvested area continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to millet production reached the maximum at X ha in 2019; afterwards, it flattened through to 2021.

Millet Exports

Exports from Mexico

For the fourth year in a row, Mexico recorded decline in shipments abroad of millet, which decreased by -X% to X kg in 2021. Over the period under review, exports faced a sharp setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, millet exports declined remarkably to $X in 2021. Overall, exports continue to indicate a dramatic decline. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kenya (X kg) was the main destination for millet exports from Mexico, accounting for a X% share of total exports. Moreover, millet exports to Kenya exceeded the volume sent to the second major destination, Belize (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume to Kenya was relatively modest.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Belize amounted to -X%.

Export Prices by Country

In 2021, the average millet export price amounted to $X per ton, reducing by -X% against the previous year. In general, the export price recorded a dramatic setback. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Belize ($X per ton), while the average price for exports to Kenya stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (X%).

Millet Imports

Imports into Mexico

For the fourth consecutive year, Mexico recorded decline in purchases abroad of millet, which decreased by -X% to X tons in 2021. Overall, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, millet imports reduced remarkably to $X in 2021. In general, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth imports failed to regain momentum.

Imports by Country

The United States (X tons) and Canada (X tons) were the main suppliers of millet imports to Mexico.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +X value terms, the United States ($X) and Canada ($X) were the largest millet suppliers to Mexico.

Among the main suppliers, Canada, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average millet import price stood at $X per ton in 2021, surging by X% against the previous year. Overall, the import price enjoyed a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%).

Source: IndexBox Platform

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

Frequently Asked Questions (FAQ) :

What are the largest markets for millet in the world?
+
India constituted the country with the largest volume of millet consumption, comprising approx. 38% of total volume. Moreover, millet consumption in India exceeded the figures recorded by the second-largest consumer, Niger, threefold. The third position in this ranking was taken by China, with a 7.8% share.
What are the largest producers of millet in the world?
+
India constituted the country with the largest volume of millet production, comprising approx. 38% of total volume. Moreover, millet production in India exceeded the figures recorded by the second-largest producer, Niger, threefold. China ranked third in terms of total production with a 7.8% share.
What are the leading suppliers of millet to Mexico?
+
In value terms, the United States and Canada were the largest millet suppliers to Mexico.
What are the leading importers of millet from Mexico?
+
In value terms, Belize $5) remains the key foreign market for millet exports from Mexico, comprising 83% of total exports. The second position in the ranking was held by Kenya $1), with a 17% share of total exports.
What is the average export price for millet in Mexico?
+
The average millet export price stood at $66 per ton in 2021, reducing by -70.2% against the previous year.
What is the average import price for millet in Mexico?
+
In 2021, the average millet import price amounted to $868 per ton, increasing by 61% against the previous year.

This report provides an in-depth analysis of the millet market in Mexico. 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 2030.


Product coverage:
• FCL 79 - Millet
Country coverage:
• Mexico

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Mexico
• 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 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

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

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 In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
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, 2012–2021
Figure 22:
Production, In Value Terms, 2012–2021
Figure 23:
Area Harvested, 2012–2021
Figure 24:
Yield, 2012–2021
Figure 25:
Imports, In Physical Terms, 2012–2021
Figure 26:
Imports, In Value Terms, 2012–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2012–2021
Figure 29:
Imports, In Value Terms, By Country, 2012–2021
Figure 30:
Import Prices, By Country Of Origin, 2012–2021
Figure 31:
Exports, In Physical Terms, 2012–2021
Figure 32:
Exports, In Value Terms, 2012–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2012–2021
Figure 35:
Exports, In Value Terms, By Country, 2012–2021
Figure 36:
Export Prices, By Country Of Destination, 2012–2021
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