World - Millet - Market Analysis, Forecast, Size, Trends and Insights
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Millet market: get new statistics powered by an Ai-driven business intelligence platform. Data provide exports, market prices, consumption, trade, companies, market size, imports, and production. Here is a breakdown by country, including the U.K., China, Latin America, Russia, the U.S., the Middle East, EU, and Africa. Market insights and forecast to 2030 are also provided in the snapshots.
Millet - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | India |
| 2 | China |
| 3 | Niger |
| 4 | Ethiopia |
| 5 | Senegal |
In value terms, India, China and Niger were the countries with the highest levels of market value in 2021, together accounting for 55% of the global market. These countries were followed by Ethiopia, Senegal, Sudan, Mali, Chad, Burkina Faso and Nigeria, which together accounted for a further 30%.
In terms of the main consuming countries, Senegal recorded the highest rates of growth with regard to market size, over the period under review, while millet market for the other global leaders experienced more modest paces of growth.
Millet Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| Ukraine | 303 | 252 | 270 | -5.6% |
| Russia | 307 | 313 | 279 | -4.7% |
| India | 380 | 326 | 309 | -9.8% |
| Myanmar | 406 | 354 | 377 | -3.6% |
| Canada | 459 | 459 | 431 | -3.1% |
| France | 388 | 447 | 443 | 6.9% |
| Austria | 661 | 784 | 659 | -0.2% |
| United States | 442 | 461 | 664 | 22.6% |
| Average | 422 | 393 | 391 | -3.8% |
There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($664 per ton), while Ukraine ($270 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced mixed trends in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| Canada | 432 | 452 | 681 | 25.6% |
| Japan | 622 | 604 | 675 | 4.2% |
| United States | 1685 | 1091 | 665 | -37.2% |
| Netherlands | 449 | 442 | 646 | 19.9% |
| Germany | 586 | 547 | 606 | 1.7% |
| Italy | 414 | 393 | 484 | 8.1% |
| Belgium | 506 | 478 | 463 | -4.3% |
| Indonesia | 441 | 389 | 414 | -3.1% |
| Kenya | 355 | 405 | 363 | 1.1% |
| Poland | 360 | 322 | 360 | 0.0% |
| Iraq | 387 | 289 | 315 | -9.8% |
| United Arab Emirates | 315 | 313 | 314 | -0.2% |
| Nepal | 249 | 273 | 265 | 3.2% |
| Average | 439 | 411 | 460 | 2.5% |
Prices varied noticeably by the country of destination; the country with the highest price was Canada ($681 per ton), while Nepal ($265 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced more modest paces of growth.
Millet - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| million USD | ||||
| Indonesia | 34 | 31 | 33 | -2.3% |
| Germany | 15 | 15 | 16 | 4.0% |
| Belgium | 13 | 14 | 15 | 8.1% |
| Canada | 7 | 8.3 | 14 | 38.9% |
| United States | 3.3 | 3.5 | 12 | 88.0% |
In value terms, Indonesia ($33M) constitutes the largest market for imported millet worldwide, comprising 15% of global imports. The second position in the ranking was occupied by Germany ($16M), with a 7.5% share of global imports. It was followed by Belgium, with a 6.9% share.
In Indonesia, millet imports declined by an average annual rate of -2.3% over the period from 2019-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+4.0% per year) and Belgium (+8.1% per year).
Millet - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| million USD | ||||
| Ukraine | 17 | 29 | 39 | 51.2% |
| United States | 59 | 46 | 29 | -30.3% |
| India | 28 | 25 | 27 | -1.9% |
| Russia | 12 | 12 | 18 | 23.1% |
| France | 13 | 11 | 14 | 5.8% |
In value terms, Ukraine ($39M), the United States ($29M) and India ($27M) appeared to be the countries with the highest levels of exports in 2021, together comprising 50% of global exports.
Among the main exporting countries, Ukraine (+51.2% per year) 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.
Millet - Market Forecast
Driven by increasing demand for millet worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.
Millet - Top Companies
NUGRAIN PTY LTD, Tianye (Fogang) Leisure Agriculture and Husbandry Co., Ltd., CBH GRAIN PTY LTD, Cooperativa Agrária Agroindustrial, ADM TRADING AUSTRALIA PTY LTD, Zhongnongfa Seed Industry Group Co., Ltd., Yuan Longping High-tech Agriculture Co., Ltd., Heilongjiang Agriculture Company Limited, LIMAGRAIN EUROPE, Grupo Universal S A, Roland Mills United GmbH & Co. KG, LACPATRICK DAIRIES LIMITED, Hefei Fengle Seed.Co., Ltd., LATRAPS KS, LIMAGRAIN, RAIZ-MAKSYMKO, PRAT, ARENTO GRUPO COOPERATIVO AGROALIMENTARIO DE ARAGON S.COOP, SAATBAU LINZ eGen, Vilshanski Produkty, TOV, ZERNOPRODUKT MKHP, PRAT
Millet - Product Coverage
- HS 100820 - Cereals; millet
- HS 100821 - Cereals; millet, seed
- HS 100829 - Cereals; millet, other than seed
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 2030.
Product coverage:
- FCL 79 - Millet
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- 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
+ the largest producing countries
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- 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
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
2932
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Global millet consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
2594
In 2015, the country with the largest volume of the millet output was India (X thousand tons), accounting for X% of global production.
1802
The U.S. continues its dominance in the global millet trade. In 2014, the U.S. exported X thousand tons of millet totaling X million USD, X% over the previous year. Its primary trading partner was Canada, where it supplied X% of its total millet
1478
Global triticale consumption amounted to X thousand tons in 2015, declining by -X% against the previous year level.
2447
Global triticale exports amounted to X thousand tons in 2015, surging by +X% against the previous year level.
1368
Global triticale imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
1634
In 2015, the countries with the highest levels of triticale production were Poland (X thousand tons), Germany (X thousand tons), Belarus (X thousand tons), together accounting for X% of total output.
1528
Poland dominates in the global triticale trade. In 2014, Poland exported X thousand tons of triticale totaling X million USD, twice over the previous year. Its primary trading partner was Germany, where it supplied X% of its total triticale expor
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Bolivia dominates in the global quinoa trade. In 2014, Bolivia exported X thousand tons of quinoa totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total quinoa exports in va
