Lithuania: Millet Market 2024

Millet Market Size in Lithuania

The Lithuanian millet market surged to $X in 2022, increasing by 98% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Millet Production in Lithuania

In value terms, millet production reduced slightly to $X in 2022 estimated in export price. Overall, production saw a noticeable reduction. The most prominent rate of growth was recorded in 2016 with an increase of 5.3%. Millet production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

In 2022, the average millet yield in Lithuania stood at less than X kg per ha, approximately equating 2021. 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, the total area harvested in terms of millet production in Lithuania was estimated at less than X ha, therefore, remained relatively stable against the year before. Overall, the harvested area recorded a relatively flat trend pattern.

Millet Exports

Exports from Lithuania

Millet exports from Lithuania plummeted to X tons in 2022, shrinking by -30.6% against the year before. In general, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 115% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, millet exports reduced markedly to $X in 2022. Over the period under review, exports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 152%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons), Latvia (X tons) and Estonia (X tons) were the main destinations of millet exports from Lithuania, together comprising 86% of total exports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +9.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for millet exported from Lithuania were Estonia ($X), Germany ($X) and Latvia ($X), with a combined 77% share of total exports.

Among the main countries of destination, Estonia, with a CAGR of +12.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average millet export price stood at $X per ton in 2022, with a decrease of -10% against the previous year. Overall, the export price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 an increase of 41%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Germany ($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 Austria (+64.7%), while the prices for the other major destinations experienced more modest paces of growth.

Millet Imports

Imports into Lithuania

In 2022, approx. X tons of millet were imported into Lithuania; picking up by 107% on the previous year. Overall, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 2,101% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, millet imports skyrocketed to $X in 2022. In general, imports showed a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 535%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Kazakhstan (X tons), Estonia (X tons) and Poland (X tons) were the main suppliers of millet imports to Lithuania, together comprising 98% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of +117.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Estonia ($X) and Poland ($X) constituted the largest millet suppliers to Lithuania, with a combined 84% share of total imports.

Among the main suppliers, Estonia, with a CAGR of +105.1%, recorded the highest rates of growth with regard to the value of imports, 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, shrinking by -22.9% against the previous year. Overall, the import price, however, enjoyed a pronounced expansion. The pace of growth appeared the most rapid in 2015 an increase of 178%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 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 Poland ($X per ton), while the price for Kazakhstan ($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 (+18.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform