Uzbekistan: Millet Market 2024

Millet Market Size in Uzbekistan

The Uzbek millet market fell to $X in 2022, waning by X% against the previous year. In general, consumption, however, saw a significant increase. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank in the following year.

Millet Production in Uzbekistan

In value terms, millet production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average millet yield in Uzbekistan reduced to X tons per ha, approximately reflecting the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the average millet yield reached the peak level at X tons per ha in 2021, and then dropped modestly 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 Uzbekistan totaled X ha, remaining stable against 2021. Overall, the harvested area showed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to millet production attained the peak figure at X ha in 2019; however, from 2020 to 2022, the harvested area stood at a somewhat lower figure.

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Millet Exports

Exports from Uzbekistan

In 2022, shipments abroad of millet was finally on the rise to reach X tons after two years of decline. In general, exports, however, continue to indicate a pronounced reduction. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, millet exports surged to $X in 2022. Over the period under review, exports saw a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons), Pakistan (X tons) and Turkey (X tons) were the main destinations of millet exports from Uzbekistan, with a combined X% share of total exports.

From 2019 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X) emerged as the key foreign market for millet exports from Uzbekistan, comprising X% of total exports. The second position in the ranking was taken by Iraq ($X), with an X% share of total exports. It was followed by Turkey, with a X% share.

From 2019 to 2022, the average annual rate of growth in terms of value to Pakistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Turkey (X% per year).

Export Prices by Country

The average millet export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, export price indicated a resilient expansion from 2019 to 2022: its price increased at an average annual rate of X% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%).

Millet Imports

Imports into Uzbekistan

Millet imports into Uzbekistan soared to X tons in 2022, growing by X% on the previous year's figure. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, millet imports skyrocketed to $X in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X tons) was the main supplier of millet to Uzbekistan, with a X% share of total imports. It was followed by Iraq (X tons), with a X% share of total imports.

From 2017 to 2022, the average annual rate of growth in terms of volume from Kazakhstan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iraq (X% per year) and Turkey (X% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of millet to Uzbekistan, comprising X% of total imports. The second position in the ranking was taken by Iraq ($X), with a X% share of total imports.

From 2017 to 2022, the average annual rate of growth in terms of value from Kazakhstan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iraq (X% per year) and Turkey (X% per year).

Import Prices by Country

The average millet import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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