World - Millet - Market Analysis, Forecast, Size, Trends and Insights

Global Millet Market Overview 2019

Millet Market Size

The global millet market revenue amounted to $X in 2018, falling by -X% against the previous year. Over the period under review, millet consumption continues to indicate an abrupt curtailment. The pace of growth appeared the most rapid in 2014, when the market value increased by X% y-o-y. In that year, the global millet market attained its peak level of $X. From 2015 to 2018, the growth of the global millet market remained at a somewhat lower figure.

Millet Production

In value terms, millet production totaled $X in 2018 estimated in export prices. In general, millet production continues to indicate an abrupt downturn. The pace of growth was the most pronounced in 2014, when the the output figure increased by X% y-o-y. In that year, global millet production reached its peak level of $X. From 2015 to 2018, global millet production growth remained at a somewhat lower figure.

India (X tonnes) remains the largest millet producing country worldwide, accounting for X% of total production. Moreover, millet production in India exceeded the figures recorded by the world's second largest producer, Niger (X tonnes), threefold. 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 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: Niger (+X% per year) and China (+X% per year).

In 2018, the global average millet yield amounted to X kg per ha, flattening at the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2010, when the yield increased by X% year-to-year. Global millet yield peaked at X kg per ha in 2015; however, from 2016 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of millet production worldwide stood at X ha, leveling off at the previous year. Overall, millet harvested area continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2016, when the harvested area increased by X% against the previous year. Global millet harvested area peaked at X ha in 2010; however, from 2011 to 2018, harvested area stood at a somewhat lower figure.

Millet Exports

Exports 2007-2018

Global exports amounted to X tonnes in 2018, falling by -X% against the previous year. In general, millet exports continue to indicate a temperate reduction. The growth pace was the most rapid in 2015, when the exports increased by X% y-o-y. Global exports peaked at X tonnes in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

In value terms, millet exports amounted to $X in 2018. Overall, millet exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, with an increase of X% y-o-y. Global exports peaked at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

The U.S. (X tonnes) and India (X tonnes) represented roughly X% of total exports of millet in 2018. Russia (X tonnes) ranks next in terms of the total exports with a X% share, followed by Austria (X%). The following exporters - Ukraine (X tonnes), Thailand (X tonnes), the Netherlands (X tonnes), the Czech Republic (X tonnes), France (X tonnes), Sudan (X tonnes) and Germany (X tonnes) together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Sudan, while the other global leaders experienced more modest paces of growth.

In value terms, the largest millet markets worldwide were the U.S. ($X), Ukraine ($X) and India ($X), together accounting for X% of global exports. These countries were followed by Russia, Austria, France, the Netherlands, the Czech Republic, Germany, Thailand and Sudan, which together accounted for a further X recorded the highest rates of growth with regard to exports, among the main exporting countries over the last decade, while 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 2018, declining by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2014, when the average export price increased by X% year-to-year. In that year, the average export prices for millet attained their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average export prices for millet remained at a somewhat lower figure.

Export prices varied noticeably by the country of origin; the country with the highest export price was Ukraine ($X per tonne), while Thailand ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by Ukraine, while the other global leaders experienced more modest paces of growth.

Millet Imports

Imports 2007-2018

In 2018, the global imports of millet amounted to X tonnes, going down by -X% against the previous year. In general, millet imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when the imports increased by X% y-o-y. Over the period under review, global millet imports attained their maximum at X tonnes in 2011; however, from 2012 to 2018, imports remained at a lower figure.

In value terms, millet imports amounted to $X in 2018. In general, millet imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, with an increase of X% y-o-y. Global imports peaked at $X in 2012; however, from 2013 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Belgium (X tonnes), Indonesia (X tonnes), the United Arab Emirates (X tonnes) and Germany (X tonnes) represented the largest importers of millet in the world, mixing up X% of total import. The UK (X tonnes) ranks next in terms of the total imports with a X% share, followed by Canada (X%). Saudi Arabia (X tonnes), Pakistan (X tonnes), Italy (X tonnes), Poland (X tonnes), the Netherlands (X tonnes) and Spain (X tonnes) occupied a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Poland, while the other global leaders experienced more modest paces of growth.

In value terms, the largest millet importing markets worldwide were Belgium ($X), Germany ($X) and Indonesia ($X), together comprising X% of global imports. These countries were followed by the UK, the United Arab Emirates, the Netherlands, Canada, Spain, Pakistan, Italy, Saudi Arabia and Poland, which together accounted for a further X the main importing countries, Poland recorded the highest growth rate of imports, over the last decade, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average millet import price amounted to $X per tonne, remaining stable against the previous year. Over the period under review, the millet import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, an increase of X% y-o-y. Over the period under review, the average import prices for millet reached their maximum at $X per tonne in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was Spain ($X per tonne), while Poland ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Spain, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform