Slovakia: Millet Market 2024

Millet Market Size in Slovakia

The Slovak millet market declined significantly to $X in 2022, with a decrease of X% against the previous year. In general, consumption showed a pronounced downturn. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Millet Production in Slovakia

In value terms, millet production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Millet production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of millet in Slovakia totaled X tons per ha in 2022, approximately equating the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the average millet 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, approx. X ha of millet were harvested in Slovakia; falling by X% compared with 2021. Overall, the harvested area showed a perceptible setback. The growth pace was the most rapid in 2015 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2016 to 2022, the growth of the millet harvested area remained at a lower figure.

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Millet Exports

Exports from Slovakia

In 2022, the amount of millet exported from Slovakia soared to X tons, growing by X% against the previous year's figure. Overall, exports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, millet exports soared to $X in 2022. In general, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for millet exports from Slovakia, accounting for a X% share of total exports. Moreover, millet exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold. Georgia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Georgia (X% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for millet exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Italy (X% per year).

Export Prices by Country

The average millet export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Slovenia ($X per ton), while the average price for exports to the Czech Republic ($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 Slovenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Millet Imports

Imports into Slovakia

Millet imports into Slovakia contracted significantly to X tons in 2022, shrinking by X% on 2021 figures. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, millet imports plummeted to $X in 2022. In general, imports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

Ukraine (X tons), Hungary (X tons) and the Czech Republic (X tons) were the main suppliers of millet imports to Slovakia, with a combined X% share of total imports. Austria, Poland, China and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X), Hungary ($X) and Ukraine ($X) appeared to be the largest millet suppliers to Slovakia, together accounting for X% of total imports. Austria, Poland, China and France lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average millet import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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