Eritrea: Millet Market 2020

Millet Market Size in Eritrea

The revenue of the millet market in Eritrea amounted to $X in 2018, declining by -X% against the previous year. Over the period under review, the total market indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, millet consumption decreased by -X% against 2015 indices. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Eritrea millet consumption peaked at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Millet Production in Eritrea

In value terms, millet production stood at $X in 2018 estimated in export prices. In general, the total output indicated resilient growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, millet production decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Eritrea millet production peaked at $X in 2015; however, from 2016 to 2018, production remained at a lower figure.

Average yield of millet in Eritrea amounted to X kg per ha in 2018, lowering by -X% against the previous year. Over the period under review, the millet yield, however, continues to indicate strong growth. The growth pace was the most rapid in 2009 when yield increased by X% against the previous year. Over the period under review, the millet yield reached its peak figure level at X kg per ha in 2010; however, from 2011 to 2018, 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 2018, the total area harvested in terms of millet production in Eritrea amounted to X ha, coming down by -X% against the previous year. Over the period under review, the millet harvested area continues to indicate a mild setback. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. The global millet harvested area peaked at X ha in 2007; however, from 2008 to 2018, harvested area stood at a somewhat lower figure.

Millet Exports

Exports by Country

India (X tons), Ukraine (X tons) and the U.S. (X tons) represented roughly X% of total exports of millet in 2018. It was distantly followed by Russia (X tons), China (X tons) and France (X tons), together achieving an X% share of total exports. Austria (X tons) held a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Ukraine, while the other leaders experienced more modest paces of growth.

In value terms, the largest millet markets from Eritrea were India ($X), Ukraine ($X) and China ($X), with a combined X% share of total exports.

Among the main exporting countries, Ukraine recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The millet export price in Eritrea stood at $X per ton in 2018, therefore, remained relatively stable against the previous year. Overall, the millet export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was China ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Millet Imports

Imports into Eritrea

In 2018, the millet imports into Eritrea totaled X kg, waning by -X% against the previous year. In general, millet imports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2009 when imports increased by X% y-o-y. In that year, millet imports reached their peak of X tons. From 2010 to 2018, the growth of millet imports remained at a somewhat lower figure.

In value terms, millet imports amounted to $X in 2018. Overall, millet imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. In that year, millet imports attained their peak of $X. From 2010 to 2018, the growth of millet imports remained at a somewhat lower figure.

Imports by Country

The imports of the twelve major importers of millet, namely Belgium, Indonesia, the United Arab Emirates, Germany, Spain, the UK, Saudi Arabia, Pakistan, Italy, Canada, Poland and the Netherlands, represented more than half of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Poland, while the other leaders experienced more modest paces of growth.

In value terms, the largest millet importing markets into Eritrea were Belgium ($X), Germany ($X) and Indonesia ($X), together comprising X% of total imports. These countries were followed by the UK, the United Arab Emirates, the Netherlands, Canada, Spain, Pakistan, Italy, Saudi Arabia, Poland and Eritrea, which together accounted for a further X the main importing countries, Poland recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the millet import price in Eritrea amounted to $X per ton, remaining constant against the previous year. In general, the import price indicated resilient growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, millet import price increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2009 when the import price increased by X% against the previous year. Eritrea import price peaked at $X per ton in 2014; afterwards, it flattened through to 2018.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform