United Arab Emirates: Millet Market Overview 2021

Millet Market Size in the United Arab Emirates

The millet market in the United Arab Emirates rose remarkably to $X in 2019, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2009 to 2019, the growth of the market remained at a lower figure.

Millet Exports

Exports from the United Arab Emirates

In 2019, overseas shipments of millet decreased by -X% to X tonnes for the first time since 2015, thus ending a three-year rising trend. Overall, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2018, and then contracted markedly in the following year.

In value terms, millet exports dropped notably to $X in 2019. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Exports peaked at $X in 2018, and then dropped significantly in the following year.

Exports by Country

Turkey (X tonnes) was the main destination for millet exports from the United Arab Emirates, with a X% share of total exports. Moreover, millet exports to Turkey exceeded the volume sent to the second major destination, Congo (X tonnes), fourfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Turkey amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (+X% per year) and Mauritius (X% per year).

In value terms, Turkey ($X), Congo ($X) and Mauritius ($X) were the largest markets for millet exported from the United Arab Emirates worldwide, together comprising X% of total exports.

Turkey recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average millet export price stood at $X per tonne in 2019, reducing by -X% against the previous year. In general, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Mauritius ($X per tonne), while the average price for exports to Turkey ($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 Mauritius, while the prices for the other major destinations experienced a decline.

Millet Imports

Imports into the United Arab Emirates

In 2019, the amount of millet imported into the United Arab Emirates contracted to X tonnes, waning by -X% compared with 2018. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2009; however, from 2010 to 2019, imports stood at a somewhat lower figure.

In value terms, millet imports totaled $X in 2019. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2009 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, India (X tonnes) constituted the largest supplier of millet to the United Arab Emirates, with a X% share of total imports. Moreover, millet imports from India exceeded the figures recorded by the second-largest supplier, Pakistan (X tonnes), twofold.

From 2007 to 2019, the average annual growth rate of volume from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and the U.S. (+X% per year).

In value terms, India ($X) constituted the largest supplier of millet to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

The average millet import price stood at $X per tonne in 2019, with an increase of X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2011 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Pakistan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for millet in the world?

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India (10M tonnes) remains the largest millet consuming country worldwide, 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?

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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. Niger (3.3M tonnes) ranked third in terms of total production with a 11% share.

What are the leading suppliers of millet to the United Arab Emirates?

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In value terms, India ($3.8M) constituted the largest supplier of millet to the United Arab Emirates, comprising 69% of total imports. The second position in the ranking was occupied by Pakistan ($1.3M), with a 23% share of total imports.

What are the leading importers of millet from the United Arab Emirates?

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In value terms, the largest markets for millet exported from the United Arab Emirates were Turkey ($52K), Congo ($27K) and Mauritius ($12K), together comprising 99% of total exports.

What is the average export price for millet in the United Arab Emirates?

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In 2019, the average millet export price amounted to $250 per tonne, falling by -29.9% against the previous year.

What is the average import price for millet in the United Arab Emirates?

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In 2019, the average millet import price amounted to $323 per tonne, surging by 17% against the previous year.