India: Millet Market 2025

Millet Market Size in India

After two years of growth, the Indian millet market decreased by -0.3% to $X in 2022. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2021, and then reduced modestly in the following year.

Millet Production in India

In value terms, millet production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 16%. Millet production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average yield of millet in India reached X tons per ha, therefore, remained relatively stable against 2021. The yield figure increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 19% against the previous year. Over the period under review, the average millet yield reached the peak level at X tons per ha in 2020; afterwards, it flattened through to 2022. 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 in India declined to X ha in 2022, waning by -3.9% against 2021. In general, the harvested area continues to indicate a slight setback. The pace of growth was the most pronounced in 2021 when the harvested area increased by 8.4% against the previous year. Over the period under review, the harvested area dedicated to millet production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Millet Exports

Exports from India

In 2022, shipments abroad of millet increased by 12% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 36% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, millet exports skyrocketed to $X in 2022. In general, total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nepal (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the main destinations of millet exports from India, together comprising 57% of total exports. Libya, Oman, Yemen, Morocco, Tunisia, Bangladesh, Qatar, Algeria, Bahrain and Kuwait lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +654.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Nepal ($X) were the largest markets for millet exported from India worldwide, with a combined 51% share of total exports. Libya, Oman, Morocco, Yemen, Tunisia, Qatar, Bangladesh, Algeria, Kuwait and Bahrain lagged somewhat behind, together comprising a further 32%.

In terms of the main countries of destination, Bangladesh, with a CAGR of +705.0%, saw 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

The average millet export price stood at $X per ton in 2022, jumping by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Nepal ($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 Bangladesh (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Millet Imports

Imports into India

In 2022, approx. X tons of millet were imported into India; growing by 22% compared with 2021 figures. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 135%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, millet imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 124%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Tunisia (X tons) constituted the largest millet supplier to India, with a 82% share of total imports. Moreover, millet imports from Tunisia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold.

From 2017 to 2022, the average annual growth rate of volume from Tunisia was relatively modest.

In value terms, Tunisia ($X) constituted the largest supplier of millet to India, comprising 89% of total imports. The second position in the ranking was held by Turkey ($X), with an 11% share of total imports.

From 2017 to 2022, the average annual rate of growth in terms of value from Tunisia stood at +40.7%.

Import Prices by Country

In 2022, the average millet import price amounted to $X per ton, with an increase of 30% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 49% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Tunisia ($X per ton), while the price for Turkey stood at $X per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+40.4%).

Source: IndexBox Platform

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