United Arab Emirates: Millet Market 2022

Millet Market Size in the United Arab Emirates

The millet market in the United Arab Emirates skyrocketed to $X in 2021, jumping 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, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2016 indices. Millet consumption peaked in 2021 and is expected to retain growth in years to come.

Millet Exports

Exports from the United Arab Emirates

In 2021, after three years of decline, there was significant growth in shipments abroad of millet, when their volume increased by X% to X tons. Overall, exports enjoyed a strong expansion. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, millet exports surged to $X in 2021. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Oman (X tons) was the main destination for millet exports from the United Arab Emirates, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Oman stood at +X%.

From 2012 to 2021, the average annual growth rate of value to Oman totaled +X%.

Export Prices by Country

In 2021, the average millet export price amounted to $X per ton, rising by X% against the previous year. In general, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2012 to 2021, the rate of growth in terms of prices for Oman amounted to +X% per year.

Millet Imports

Imports into the United Arab Emirates

In 2021, imports of millet into the United Arab Emirates soared to X tons, increasing by X% compared with the year before. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, millet imports surged to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) was the main supplier of millet to the United Arab Emirates, accounting for a X% share of total imports. Moreover, millet imports from India exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), more than tenfold.

From 2012 to 2021, 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: Ukraine (+X% per year) and the United States (-X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Ukraine (+X% per year).

Import Prices by Country

The average millet import price stood at $X per ton in 2021, declining by -X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform