Pakistan: Millet Market 2024

Millet Market Size in Pakistan

In 2022, the Pakistani millet market was finally on the rise to reach $X after two years of decline. In general, consumption, however, continues to indicate a slight contraction. Millet consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Millet Production in Pakistan

In value terms, millet production fell to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

The average yield of millet in Pakistan declined to X kg per ha in 2022, reducing by X% against 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X kg per ha, and then fell in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of millet production in Pakistan surged to X ha, rising by X% compared with the previous year. Over the period under review, the harvested area, however, showed a pronounced decrease. The millet harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area remained at a lower figure.

Millet Exports

Exports from Pakistan

Millet exports from Pakistan surged to X tons in 2022, increasing by X% compared with the year before. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, millet exports surged to $X in 2022. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for millet exports from Pakistan, accounting for a X% share of total exports. Moreover, millet exports to the United Arab Emirates exceeded the volume sent to the second major destination, Afghanistan (X tons), twofold. The third position in this ranking was taken by Oman (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (X% per year) and Oman (X% per year).

In value terms, the United Arab Emirates ($X), Qatar ($X) and Oman ($X) were the largest markets for millet exported from Pakistan worldwide, together accounting for X% of total exports. Afghanistan, Saudi Arabia and Bahrain lagged somewhat behind, together accounting for a further X%.

Bahrain, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average millet export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Millet Imports

Imports into Pakistan

In 2022, supplies from abroad of millet increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports recorded a modest expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, millet imports rose to $X in 2022. Overall, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons), Thailand (X tons) and Iran (X tons) were the main suppliers of millet imports to Pakistan, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Iran ($X) and Thailand ($X) were the largest millet suppliers to Pakistan, with a combined X% share of total imports.

Turkey, with a CAGR of X.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average millet import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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