Eastern Europe: Millet Market 2025

Millet Market Size in Eastern Europe

In 2022, after two years of decline, there was significant growth in the East European millet market, when its value increased by 21% to $X. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Millet Production in Eastern Europe

In value terms, millet production reduced slightly to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.5% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 120% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were Russia (X tons), Ukraine (X tons) and Poland (X tons), with a combined 96% share of total production.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +3.9%), while production for the other leaders experienced more modest paces of growth.

The average millet yield contracted to X tons per ha in 2022, with a decrease of -12% compared with 2021. The yield figure increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, the yield reached the peak level of X tons per ha, and then declined 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 soared to X ha in 2022, picking up by 20% against the previous year's figure. Overall, the harvested area, however, saw a mild contraction. The pace of growth was the most pronounced in 2019 with an increase of 73%. Over the period under review, the harvested area dedicated to millet production reached the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Millet Exports

Exports in Eastern Europe

After three years of growth, overseas shipments of millet decreased by -41% to X tons in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 76% against the previous year. The volume of export peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, millet exports dropped significantly to $X in 2022. Over the period under review, exports, however, saw a perceptible increase. The growth pace was the most rapid in 2020 with an increase of 53%. The level of export peaked at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Ukraine (X tons) and Russia (X tons) prevails in exports structure, together achieving 87% of total exports. It was distantly followed by Poland (X tons), constituting an 8% share of total exports. The Czech Republic (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of +17.4%), while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Russia ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2022, together comprising 92% of total exports.

In terms of the main exporting countries, Poland, with a CAGR of +18.5%, recorded the highest growth rate of 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 export price in Eastern Europe amounted to $X per ton, surging by 13% against the previous year. Export price indicated a notable increase 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. Based on 2022 figures, millet export price increased by +1.3% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 the Czech Republic ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+4.5%), while the other leaders experienced more modest paces of growth.

Millet Imports

Imports in Eastern Europe

In 2022, purchases abroad of millet decreased by -23.9% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 136%. The volume of import peaked at X tons in 2021, and then fell notably in the following year.

In value terms, millet imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 124% against the previous year. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

Poland represented the key importer of millet in Eastern Europe, with the volume of imports accounting for X tons, which was near 47% of total imports in 2022. Hungary (X tons) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Bulgaria (17%) and the Czech Republic (15%).

Poland was also the fastest-growing in terms of the millet imports, with a CAGR of +21.7% from 2012 to 2022. At the same time, the Czech Republic (+19.1%), Bulgaria (+11.4%) and Hungary (+4.3%) displayed positive paces of growth. From 2012 to 2022, the share of Poland and the Czech Republic increased by +25 and +6.4 percentage points, respectively.

In value terms, Poland ($X), the Czech Republic ($X) and Hungary ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 78% share of total imports.

Poland, with a CAGR of +24.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, increasing by 19% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 74% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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