MENA: Millet Market 2025

Millet Market Size in MENA

In 2022, the MENA's millet market was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Millet Production in MENA

In value terms, millet production dropped slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 57% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Yemen (X tons), Turkey (X tons) and Iran (X tons), together comprising 65% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Turkey (with a CAGR of +19.1%), while production for the other leaders experienced more modest paces of growth.

The average millet yield soared to X kg per ha in 2022, growing by 26% compared with the year before. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 27%. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the millet 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.

The millet harvested area was estimated at X ha in 2022, picking up by 6.9% on the previous year's figure. Over the period under review, the harvested area, however, saw a noticeable slump. The pace of growth was the most pronounced in 2019 with an increase of 7.2% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Millet Exports

Exports in MENA

In 2022, overseas shipments of millet increased by 9.9% to X tons, rising for the third consecutive year after four years of decline. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 647%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, millet exports fell modestly to $X in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 657% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey dominates exports structure, reaching X tons, which was approx. 80% of total exports in 2022. The United Arab Emirates (X tons) held the second position in the ranking, followed by Yemen (X tons) and Iran (X tons). All these countries together took approx. 19% share of total exports.

Turkey was also the fastest-growing in terms of the millet exports, with a CAGR of +75.6% from 2012 to 2022. At the same time, Iran (+55.1%) and the United Arab Emirates (+16.9%) displayed positive paces of growth. Yemen experienced a relatively flat trend pattern. While the share of Turkey (+76 p.p.) and Iran (+4.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-12.4 p.p.) and Yemen (-56.2 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest millet supplier in MENA, comprising 74% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total exports. It was followed by Yemen, with a 9.1% share.

In Turkey, millet exports expanded at an average annual rate of +63.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+27.0% per year) and Yemen (+9.0% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, falling by -12.5% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, millet export price decreased by -18.0% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 44% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.6%), while the other leaders experienced mixed trends in the export price figures.

Millet Imports

Imports in MENA

In 2022, supplies from abroad of millet decreased by -8.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 117%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, millet imports expanded rapidly to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.5% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 80% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of millet imports in 2022 were the United Arab Emirates (X tons), Turkey (X tons) and Iraq (X tons), together recording 56% of total import. It was distantly followed by Libya (X tons) and Morocco (X tons), together committing a 14% share of total imports. Oman (X tons), Yemen (X tons), Kuwait (X tons), Algeria (X tons), Qatar (X tons), Israel (X tons) and Tunisia (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +39.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest millet importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Iraq ($X), with a combined 50% share of total imports.

Iraq, with a CAGR of +45.8%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, growing by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2019 when the import price increased by 26% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform