Hungary: Millet Market 2025

Millet Market Size in Hungary

In 2022, the Hungarian millet market decreased by -13% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption continues to indicate a pronounced shrinkage. Millet consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Millet Production in Hungary

In value terms, millet production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 81% against the previous year. Millet production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of millet in Hungary was estimated at X tons per ha in 2022, leveling off at the previous year's figure. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by 53%. Over the period under review, the average millet yield hit record highs at X tons per ha in 2016; however, from 2017 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the millet harvested area in Hungary reduced modestly to X ha, with a decrease of -2.8% on 2021 figures. Over the period under review, the harvested area saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 5.9%. The millet harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Millet Exports

Exports from Hungary

In 2022, shipments abroad of millet was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 119% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, millet exports fell to $X in 2022. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 87%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Austria (X tons), France (X tons) and Serbia (X tons) were the main destinations of millet exports from Hungary, with a combined 70% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +25.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Austria ($X) and Serbia ($X) appeared to be the largest markets for millet exported from Hungary worldwide, together accounting for 59% of total exports.

France, with a CAGR of +16.0%, 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

In 2022, the average millet export price amounted to $X per ton, which is down by -30.5% against the previous year. Overall, the export price showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of 62% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Austria ($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 the Netherlands (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Millet Imports

Imports into Hungary

In 2022, overseas purchases of millet decreased by -29.5% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed temperate growth. The growth pace was the most rapid in 2020 with an increase of 77% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, millet imports plummeted to $X in 2022. In general, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 58%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest millet supplier to Hungary, accounting for a 86% share of total imports. Moreover, millet imports from Ukraine exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+0.6% per year) and Germany (+0.0% per year).

In value terms, Ukraine ($X) constituted the largest supplier of millet to Hungary, comprising 69% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by India, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value from Ukraine stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.2% per year) and India (+8.2% per year).

Import Prices by Country

In 2022, the average millet import price amounted to $X per ton, rising by 20% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 +23.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 51% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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