Report Western Africa - Millet - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Western Africa - Millet - Market Analysis, Forecast, Size, Trends and Insights
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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

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for millet in Western Africa?
+
The countries with the highest volumes of millet consumption in 2020 were Niger, Nigeria and Mali, together accounting for 73% of total consumption. These countries were followed by Senegal, Burkina Faso, Guinea and Ghana, which together accounted for a further 24%.
What are the largest producers of millet in Western Africa?
+
The countries with the highest volumes of millet production in 2020 were Niger, Nigeria and Mali, with a combined 73% share of total production. Senegal, Burkina Faso, Guinea and Ghana lagged somewhat behind, together accounting for a further 24%.
What are the leading suppliers of millet in Western Africa?
+
In value terms, the largest millet supplying countries in Western Africa were Burkina Faso, Mali and Nigeria, with a combined 77% share of total exports. Cote d'Ivoire and Togo lagged somewhat behind, together comprising a further 11%.
What are the leading importers of millet in Western Africa?
+
In value terms, Nigeria constitutes the largest market for imported millet in Western Africa, comprising 48% of total imports. The second position in the ranking was occupied by Burkina Faso, with a 22% share of total imports. It was followed by Ghana, with a 17% share.
What is the average export price for millet in Western Africa?
+
In 2020, the millet export price in Western Africa amounted to $183 per tonne, declining by -43.9% against the previous year.
What is the average import price for millet in Western Africa?
+
In 2020, the millet import price in Western Africa amounted to $357 per tonne, with an increase of 51% against the previous year.

This report provides an in-depth analysis of the millet market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Product coverage:
• FCL 79 - Millet

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Western Africa, split by region and country
• Trade (exports and imports) in Western Africa
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Benin
• Burkina Faso
• Cabo Verde
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Mauritania
• Niger
• Nigeria
• Saint Helena, Ascension and Tristan da Cunha
• Senegal
• Sierra Leone
• Togo
• Cote d'Ivoire
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Harvested Area, By Country, 2012–2021
Table 7:
Yield, By Country, 2012–2021
Table 8:
Imports, In Physical Terms, By Country, 2012–2021
Table 9:
Imports, In Value Terms, By Country, 2012–2021
Table 10:
Import Prices, By Country Of Destination, 2012–2021
Table 11:
Exports, In Physical Terms, By Country, 2012–2021
Table 12:
Exports, In Value Terms, By Country, 2012–2021
Table 13:
Export Prices, By Country Of Origin, 2012–2021
Table 14:
Producer Prices, By Major Producing Country, 2021
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2012–2021
Figure 18:
Production, In Value Terms, 2012–2021
Figure 19:
Area Harvested, 2012–2021
Figure 20:
Yield, 2012–2021
Figure 21:
Production, By Country, 2021
Figure 22:
Production, In Physical Terms, By Country, 2012–2021
Figure 23:
Harvested Area, By Country, 2021
Figure 24:
Harvested Area, By Country, 2012–2021
Figure 25:
Yield, By Country, 2012–2021
Figure 26:
Imports, In Physical Terms, 2012–2021
Figure 27:
Imports, In Value Terms, 2012–2021
Figure 28:
Imports, In Physical Terms, By Country, 2021
Figure 29:
Imports, In Physical Terms, By Country, 2012–2021
Figure 30:
Imports, In Value Terms, By Country, 2012–2021
Figure 31:
Import Prices, By Country, 2012–2021
Figure 32:
Exports, In Physical Terms, 2012–2021
Figure 33:
Exports, In Value Terms, 2012–2021
Figure 34:
Exports, In Physical Terms, By Country, 2021
Figure 35:
Exports, In Physical Terms, By Country, 2012–2021
Figure 36:
Exports, In Value Terms, By Country, 2012–2021
Figure 37:
Export Prices, 2012–2021
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