Report Update Mar 1, 2025

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Azerbaijan: Millet Market 2025

Millet Market Size in Azerbaijan

The Azerbaijani millet market skyrocketed to $X in 2022, rising by 51% against the previous year. Over the period under review, consumption recorded a buoyant increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Millet Production in Azerbaijan

In value terms, millet production amounted to $X in 2022 estimated in export price. Overall, production saw a significant increase. The growth pace was the most rapid in 2016 with an increase of 264% against the previous year. Millet production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The average yield of millet in Azerbaijan surged to X tons per ha in 2022, picking up by 234% compared with the previous year's figure. In general, the yield, however, recorded a abrupt decrease. The millet yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of millet were harvested in Azerbaijan; dropping by -21.1% on 2021 figures. Over the period under review, the harvested area, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2021 when the harvested area increased by 73%. As a result, the harvested area reached the peak level of X ha, and then declined sharply in the following year.

Millet Exports

Exports from Azerbaijan

After two years of growth, shipments abroad of millet decreased by -97.1% to X tons in 2019. Overall, exports recorded a significant decrease. The most prominent rate of growth was recorded in 2017 with an increase of 1,120% against the previous year. The exports peaked at X tons in 2018, and then plummeted in the following year.

In value terms, millet exports plummeted to $X in 2019. In general, exports faced a sharp reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 1,193%. Over the period under review, the exports hit record highs at $X in 2018, and then declined markedly in the following year.

Exports by Country

Iraq (X tons) was the main destination for millet exports from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2015 to 2019, the average annual growth rate of volume to Iraq was relatively modest.

In value terms, Iraq ($X) emerged as the key foreign market for millet exports from Azerbaijan.

From 2015 to 2019, the average annual rate of growth in terms of value to Iraq was relatively modest.

Export Prices by Country

In 2019, the average millet export price amounted to $X per ton, with a decrease of -58.6% against the previous year. Over the period under review, the export price saw a precipitous descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 6%. The export price peaked at $X per ton in 2015; however, from 2016 to 2019, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Iraq.

From 2015 to 2019, the rate of growth in terms of prices for Iran amounted to -1.1% per year.

Millet Imports

Imports into Azerbaijan

For the fourth consecutive year, Azerbaijan recorded growth in overseas purchases of millet, which increased by 103% to X tons in 2022. Over the period under review, imports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 2,605%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, millet imports soared to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 2,366% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) was the main supplier of millet to Azerbaijan, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at -1.0%.

In value terms, Russia ($X) constituted the largest supplier of millet to Azerbaijan.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia was relatively modest.

Import Prices by Country

The average millet import price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 62% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +0.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for millet in the world?

India constituted the country with the largest volume of millet consumption, 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 remains the largest millet producing country worldwide, accounting for 41% of total volume. Moreover, millet production in India exceeded the figures recorded by the second-largest producer, Niger, fourfold. The third position in this ranking was occupied by China, with a 7.5% share.

What are the leading suppliers of millet to Azerbaijan?

In value terms, Russia constituted the largest supplier of millet to Azerbaijan, comprising 74% of total imports. The second position in the ranking was occupied by Uzbekistan, with a 25% share of total imports.

What are the leading importers of millet from Azerbaijan?

In value terms, Iran remains the key foreign market for millet exports from Azerbaijan.

What is the average export price for millet in Azerbaijan?

The average millet export price stood at $390 per ton in 2020, flattening at the previous year.

What is the average import price for millet in Azerbaijan?

The average millet import price stood at $400 per ton in 2020, shrinking by -36.7% against the previous year.

This report provides an in-depth analysis of the millet market in Azerbaijan. 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:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024