Western Africa: Millet Market 2022

Production By Country in Western Africa

The countries with the highest volumes of millet production in 2020 were Niger (X tonnes), Nigeria (X tonnes) and Mali (X tonnes), together comprising X% of total production. Senegal, Burkina Faso, Guinea and Ghana lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of millet production, amongst the key producing countries, was attained by Senegal (+X%), while millet production for the other leaders experienced more modest paces of growth.

Millet Exports

Exports in Western Africa

In 2020, shipments abroad of millet increased by X% to X tonnes, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a noticeable decrease. Over the period under review, the exports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, the exports remained at a lower figure.

In value terms, millet exports skyrocketed to $X in 2020. In general, exports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. The level of export peaked at $X in 2007; however, from 2008 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X tonnes), Nigeria (X tonnes) and Mali (X tonnes) represented roughly X% of total exports of millet in 2020. Togo (X tonnes) and Cote d'Ivoire (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Nigeria (+X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Burkina Faso ($X), Mali ($X) and Nigeria ($X) were the countries with the highest levels of exports in 2020, with a combined X% share of total exports. These countries were followed by Cote d'Ivoire and Togo, which together accounted for a further X d'Ivoire, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the millet export price in Western Africa amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per tonne in 2019, and then contracted notably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Cote d'Ivoire ($X per tonne), while Nigeria ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Togo (+X%), while the other leaders experienced more modest paces of growth.

Millet Imports

Imports in Western Africa

In 2020, supplies from abroad of millet increased by X% to X tonnes for the first time since 2017, thus ending a two-year declining trend. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. As a result, imports attained the peak of X tonnes. From 2009 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, millet imports surged to $X in 2020. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2020 and are likely to see gradual growth in the near future.

Imports by Country

The countries with the highest levels of millet imports in 2020 were Niger (X tonnes), Ghana (X tonnes), Burkina Faso (X tonnes), Cote d'Ivoire (X tonnes) and Nigeria (X tonnes), together amounting to X% of total import.

From 2007 to 2020, the biggest increases were in Ghana (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported millet in Western Africa, comprising X% of total imports. The second position in the ranking was occupied by Burkina Faso ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

In Nigeria, millet imports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Burkina Faso (+X% per year) and Ghana (+X% per year).

Import Prices by Country

The millet import price in Western Africa stood at $X per tonne in 2020, increasing by X% against the previous year. Import price indicated perceptible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2011 to 2020, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Nigeria ($X per tonne), while Cote d'Ivoire ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Nigeria (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform