Central Asia: Millet Market 2025

Millet Market Size in Central Asia

The Central Asian millet market shrank to $X in 2022, declining by -5.6% against the previous year. Overall, consumption, however, recorded buoyant growth. The level of consumption peaked at $X in 2021, and then declined in the following year.

Millet Production in Central Asia

In value terms, millet production declined slightly to $X in 2022 estimated in export price. Overall, production posted resilient growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 133% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Uzbekistan (X tons) constituted the country with the largest volume of millet production, comprising approx. 72% of total volume. Moreover, millet production in Uzbekistan exceeded the figures recorded by the second-largest producer, Kazakhstan (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Uzbekistan totaled +34.4%.

The average millet yield declined to X tons per ha in 2022, which is down by -6.6% on the year before. Over the period under review, the yield, however, saw a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 44% against the previous year. The level of yield peaked at X tons per ha in 2021, and then dropped in the following year. 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 stood at X ha in 2022, picking up by 8.4% against the year before. Overall, the harvested area showed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 51%. Over the period under review, the harvested area dedicated to millet production attained the maximum at X ha in 2019; however, from 2020 to 2022, the harvested area stood at a somewhat lower figure.

Millet Exports

Exports in Central Asia

In 2022, the amount of millet exported in Central Asia surged to X tons, with an increase of 135% on the previous year. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 662% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, millet exports soared to $X in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 1,040%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

In 2022, Uzbekistan (X tons) represented the major exporter of millet, comprising 65% of total exports. It was distantly followed by Kazakhstan (X tons), mixing up a 35% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +58.8%).

In value terms, Uzbekistan ($X) emerged as the largest millet supplier in Central Asia, comprising 88% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 12% share of total exports.

In Uzbekistan, millet exports expanded at an average annual rate of +14.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, jumping by 73% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+17.4%).

Millet Imports

Imports in Central Asia

In 2022, the amount of millet imported in Central Asia skyrocketed to X tons, picking up by 102% on 2021. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 613% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, millet imports skyrocketed to $X in 2022. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 975%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Uzbekistan (X tons) was the largest importer of millet, generating 64% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a 19% share, followed by Mongolia (11%) and Tajikistan (5.6%).

Uzbekistan was also the fastest-growing in terms of the millet imports, with a CAGR of +158.0% from 2012 to 2022. At the same time, Kazakhstan (+21.1%) displayed positive paces of growth. By contrast, Tajikistan (-6.6%) and Mongolia (-22.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan, Mongolia and Kazakhstan increased by +64, +11 and +3.2 percentage points, respectively.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Mongolia ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 91% of total imports.

In terms of the main importing countries, Uzbekistan, with a CAGR of +145.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, falling by -35.5% against the previous year. In general, the import price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2019 when the import price increased by 70% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mongolia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (+2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :