Finland: Millet Market 2025

Millet Market Size in Finland

In 2022, the Finnish millet market decreased by -52.2% to $X, falling for the second consecutive year after two years of growth. In general, consumption saw a abrupt setback. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Millet Production in Finland

In value terms, millet production totaled $X in 2022 estimated in export price. Overall, production recorded a sharp reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 43% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average millet yield in Finland totaled less than X kg per ha, standing approx. at 2021 figures. In general, the yield recorded 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.

In 2022, approx. less than X ha of millet were harvested in Finland; leveling off at 2021. Over the period under review, the harvested area showed a relatively flat trend pattern.

Millet Exports

Exports from Finland

In 2022, approx. X kg of millet were exported from Finland; with a decrease of -71.4% against the year before. Overall, exports continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2019 when exports increased by 520% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, millet exports contracted to $X in 2022. Over the period under review, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2019 with an increase of 332% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X kg) was the main destination for millet exports from Finland, with a 78% share of total exports. Moreover, millet exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia totaled +37.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (0.0% per year) and Belarus (0.0% per year).

In value terms, the largest markets for millet exported from Finland were Lithuania ($X), Estonia ($X) and Belarus ($X), together comprising 99.9% of total exports.

Estonia, with a CAGR of +38.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average millet export price stood at $X per ton in 2022, growing by 226% against the previous year. Over the period under review, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 360%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Belarus ($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 Sweden (+19.5%).

Millet Imports

Imports into Finland

In 2022, approx. X tons of millet were imported into Finland; waning by -60.9% against the year before. Overall, imports showed a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 229%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, millet imports shrank rapidly to $X in 2022. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 185%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of millet to Finland, with a 43% share of total imports. Moreover, millet imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Ukraine (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.3% per year) and Ukraine (+54.6% per year).

In value terms, the largest millet suppliers to Finland were China ($X), the Netherlands ($X) and Denmark ($X), together accounting for 75% of total imports. Belgium, Ukraine, India and Sweden lagged somewhat behind, together accounting for a further 23%.

Ukraine, with a CAGR of +55.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average millet import price amounted to $X per ton, increasing by 26% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, millet import price increased by +91.3% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 26%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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