Brazil: Millet Market 2025

Millet Market Size in Brazil

The Brazilian millet market fell to $X in 2022, dropping by -7.8% against the previous year. In general, consumption, however, showed measured growth. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Millet Production in Brazil

In value terms, millet production dropped notably to $X in 2022 estimated in export price. Overall, production, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 117,490,400% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The average yield of millet in Brazil stood at less than X kg per ha in 2022, approximately reflecting the previous year. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The millet harvested area in Brazil was estimated at less than X ha in 2022, remaining constant against the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern.

Millet Exports

Exports from Brazil

After two years of decline, overseas shipments of millet increased by 63% to X tons in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 3,104% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, millet exports surged to $X in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 4,421% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Paraguay (X tons), Japan (X tons) and Argentina (X tons) were the main destinations of millet exports from Brazil, together comprising 88% of total exports. These countries were followed by France, which accounted for a further 12%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +485.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Paraguay ($X) and Argentina ($X) constituted the largest markets for millet exported from Brazil worldwide, with a combined 84% share of total exports. France lagged somewhat behind, accounting for a further 16%.

Among the main countries of destination, France, with a CAGR of +827.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average millet export price amounted to $X per ton, jumping by 28% against the previous year. In general, the export price recorded strong growth. The pace of growth was the most pronounced in 2021 an increase of 280% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+58.3%), while the prices for the other major destinations experienced more modest paces of growth.

Millet Imports

Imports into Brazil

In 2022, purchases abroad of millet decreased by -19.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted a notable expansion. The pace of growth was the most pronounced in 2021 when imports increased by 283% against the previous year. As a result, imports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, millet imports expanded significantly to $X in 2022. In general, imports, however, saw a notable expansion. The growth pace was the most rapid in 2021 when imports increased by 269%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Argentina (X tons), Bulgaria (X tons) and the United States (X tons) were the main suppliers of millet imports to Brazil, together accounting for 95% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +63.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Argentina ($X), Bulgaria ($X) and the United States ($X) were the largest millet suppliers to Brazil, with a combined 80% share of total imports.

In terms of the main suppliers, Bulgaria, with a CAGR of +73.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average millet import price stood at $X per ton in 2022, increasing by 33% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 42% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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