Report World - Millet - Market Analysis, Forecast, Size, Trends and Insights for 499$
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World - Millet - Market Analysis, Forecast, Size, Trends and Insights
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Global Millet Market 2022

Production By Country

India (X tonnes) constituted the country with the largest volume of millet production, accounting for X% of total volume. Moreover, millet production in India exceeded the figures recorded by the second-largest producer, Niger (X tonnes), fourfold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

In India, millet production remained relatively stable over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Niger (+X% per year) and China (+X% per year).

Millet Exports

Exports

In 2020, overseas shipments of millet increased by X% to X tonnes, rising for the second year in a row after three years of decline. Over the period under review, total exports indicated a buoyant expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Over the period under review, the global exports attained the peak figure at X tonnes in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

In value terms, millet exports expanded to $X in 2020. In general, total exports indicated strong growth from 2007 to 2020: its value 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. Based on 2020 figures, exports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs in 2020 and are expected to retain growth in years to come.

Exports by Country

The biggest shipments were from Ukraine (X tonnes), the United States (X tonnes) and India (X tonnes), together finishing at X% of total export. Russia (X tonnes) held an X% share (based on tonnes) of total exports, which put it in second place, followed by France (X%). Turkey (X tonnes), Myanmar (X tonnes), Pakistan (X tonnes), the Netherlands (X tonnes) and Austria (X tonnes) followed a long way behind the leaders.

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

In value terms, the United States ($X), Ukraine ($X) and India ($X) were the countries with the highest levels of exports in 2020, with a combined X% share of global exports. These countries were followed by France, Russia, the Netherlands, Austria, Myanmar, Turkey and Pakistan, which together accounted for a further X the main exporting countries, Turkey, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average millet export price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per tonne. From 2014 to 2020, the the average export prices remained at a somewhat lower figure.

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

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

Millet Imports

Imports

In 2020, global imports of millet soared to X tonnes, jumping by X% compared with the previous year. In general, total imports indicated notable growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. Over the period under review, global imports reached the maximum in 2020 and are expected to retain growth in years to come.

In value terms, millet imports surged to $X in 2020. Overall, total imports indicated a resilient expansion from 2007 to 2020: its value 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. Based on 2020 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum in 2020 and are likely to see gradual growth in the near future.

Imports by Country

In 2020, Indonesia (X tonnes), distantly followed by Germany (X tonnes), Belgium (X tonnes), the UK (X tonnes) and Turkey (X tonnes) were the largest importers of millet, together comprising X% of total imports. The Netherlands (X tonnes), the United Arab Emirates (X tonnes), Iraq (X tonnes), Nepal (X tonnes), Canada (X tonnes), South Korea (X tonnes), Italy (X tonnes) and Spain (X tonnes) occupied a relatively small share of total imports.

Imports into Indonesia increased at an average annual rate of +X% from 2007 to 2020. At the same time, Iraq (+X%), Turkey (+X%), Nepal (+X%), Canada (+X%), the UK (+X%), the United Arab Emirates (+X%), Germany (+X%), Spain (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. Italy experienced a relatively flat trend pattern. By contrast, Belgium (-X%) and South Korea (-X%) illustrated a downward trend over the same period. While the share of Indonesia (+X p.p.), Turkey (+X p.p.), Iraq (+X p.p.) and Nepal (+X p.p.) increased significantly in terms of the global imports from 2007-2020, the share of the Netherlands (-X p.p.), South Korea (-X p.p.) and Belgium (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported millet worldwide, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Belgium, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Indonesia totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Belgium (+X% per year).

Import Prices by Country

In 2020, the average millet import price amounted to $X per tonne, surging by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($X per tonne), while Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Iraq (+X%), while the other global 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 the world?
+
India remains the largest millet consuming country worldwide, comprising approx. 41% of total volume. Moreover, millet consumption in India exceeded the figures recorded by the second-largest consumer, Niger, fourfold. The third position in this ranking was occupied by China, with a 7.5% share.
What are the largest producers of millet in the world?
+
India constituted the country with the largest volume of millet production, accounting for 41% of total volume. Moreover, millet production in India exceeded the figures recorded by the second-largest producer, Niger, fourfold. China ranked third in terms of total production with a 7.5% share.
What are the leading suppliers of millet in the world?
+
In value terms, the largest millet supplying countries worldwide were the United States, Ukraine and India, with a combined 55% share of global exports. These countries were followed by France, Russia, the Netherlands, Austria, Myanmar, Turkey and Pakistan, which together accounted for a further 26%.
What are the leading importers of millet in the world?
+
In value terms, Indonesia constitutes the largest market for imported millet worldwide, comprising 15% of global imports. The second position in the ranking was occupied by Germany, with a 6.9% share of global imports. It was followed by Belgium, with a 6.1% share.
What is the average export price for millet in the world?
+
In 2020, the average millet export price amounted to $376 per tonne, waning by -9.8% against the previous year.
What is the average import price for millet in the world?
+
In 2020, the average millet import price amounted to $454 per tonne, rising by 1.9% against the previous year.

This report provides an in-depth analysis of the global millet market. 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:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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. GLOBAL 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. GLOBAL 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. GLOBAL 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

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
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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