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Peru - Millet - Market Analysis, Forecast, Size, Trends and Insights
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Peru: Millet Market Overview 2021

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Millet Market Size in Peru

In 2019, the Peruvian millet market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed a mild decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Millet Exports

Exports from Peru

In 2019, the amount of millet exported from Peru fell notably to X tonnes, shrinking by -X% on 2018 figures. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

In value terms, millet exports fell remarkably to $X in 2019. Overall, exports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2016 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2017 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Austria (X tonnes) was the main destination for millet exports from Peru, with a X% share of total exports. Moreover, millet exports to Austria exceeded the volume sent to the second major destination, Kuwait (X kg), fourfold. The third position in this ranking was occupied by Germany (X kg), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Austria stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Germany (-X% per year).

In value terms, Austria ($X) remains the key foreign market for millet exports from Peru, comprising X% of total exports. The second position in the ranking was occupied by Kuwait ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Austria stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Italy (X% per year).

Export Prices by Country

The average millet export price stood at $X per tonne in 2019, which is down by -X% against the previous year. In general, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2018, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Italy ($X per tonne), while the average price for exports to Kuwait ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Austria, while the prices for the other major destinations experienced more modest paces of growth.

Millet Imports

Imports into Peru

In 2019, millet imports into Peru skyrocketed to X tonnes, increasing by X% on the previous year. Over the period under review, imports, however, showed a mild decline. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, millet imports soared to $X in 2019. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, the U.S. (X tonnes) was the main millet supplier to Peru, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from the U.S. totaled +X%.

In value terms, the U.S. ($X) constituted the largest supplier of millet to Peru.

From 2007 to 2019, the average annual rate of growth in terms of value from the U.S. amounted to +X%.

Import Prices by Country

In 2019, the average millet import price amounted to $X per tonne, picking up by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2011; however, from 2012 to 2019, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2019, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for millet in the world?
+
The country with the largest volume of millet consumption was India (10M tonnes), comprising approx. 33% of total volume. Moreover, millet consumption in India exceeded the figures recorded by the second-largest consumer, China (4.6M tonnes), twofold. The third position in this ranking was occupied by Niger (3.3M tonnes), with a 11% share.
What are the largest producers of millet in the world?
+
India (10M tonnes) remains the largest millet producing country worldwide, accounting for 33% of total volume. Moreover, millet production in India exceeded the figures recorded by the second-largest producer, China (4.6M tonnes), twofold. The third position in this ranking was occupied by Niger (3.3M tonnes), with a 11% share.
What are the leading suppliers of millet to Peru?
+
In value terms, the U.S. ($104K) constituted the largest supplier of millet to Peru.
What are the leading importers of millet from Peru?
+
In value terms, Austria ($13K) remains the key foreign market for millet exports from Peru, comprising 80% of total exports. The second position in the ranking was occupied by Kuwait ($1.7K), with a 11% share of total exports. It was followed by Italy, with a 5.4% share.
What is the average export price for millet in Peru?
+
The average millet export price stood at $4,335 per tonne in 2019, shrinking by -5.2% against the previous year.
What is the average import price for millet in Peru?
+
In 2019, the average millet import price amounted to $520 per tonne, picking up by 6.8% against the previous year.

Product coverage:
• FCL 79 - Millet

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


Country coverage:
• Peru

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Peru
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
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, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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