Netherlands: Millet Market 2024

Millet Market Size in the Netherlands

The Dutch millet market shrank markedly to $X in 2022, dropping by -31.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a mild slump. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Millet Exports

Exports from the Netherlands

In 2022, shipments abroad of millet decreased by -29.1% to X tons, falling for the third year in a row after two years of growth. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 96%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, millet exports reduced notably to $X in 2022. Overall, exports, however, continue to indicate modest growth. The most prominent rate of growth was recorded in 2019 with an increase of 105% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for millet exports from the Netherlands, accounting for a 68% share of total exports. Moreover, millet exports to Belgium exceeded the volume sent to the second major destination, France (X tons), eightfold. Germany (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium amounted to +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-4.0% per year) and Germany (-6.2% per year).

In value terms, Belgium ($X) remains the key foreign market for millet exports from the Netherlands, comprising 58% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by Germany, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value to Belgium totaled +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-1.4% per year) and Germany (-4.2% per year).

Export Prices by Country

The average millet export price stood at $X per ton in 2022, increasing by 9.4% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 21%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Portugal ($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 Hungary (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Millet Imports

Imports into the Netherlands

Millet imports into the Netherlands contracted rapidly to X tons in 2022, waning by -31.8% against 2021. In general, imports showed a perceptible slump. The pace of growth appeared the most rapid in 2018 with an increase of 54%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, millet imports reduced notably to $X in 2022. Overall, imports, however, continue to indicate a mild expansion. The growth pace was the most rapid in 2013 when imports increased by 45% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of millet to the Netherlands, accounting for a 43% share of total imports. Moreover, millet imports from France exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+4.3% per year) and Poland (-7.9% per year).

In value terms, France ($X) constituted the largest supplier of millet to the Netherlands, comprising 32% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Belgium, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.4% per year) and Belgium (+3.5% per year).

Import Prices by Country

In 2022, the average millet import price amounted to $X per ton, rising by 4.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2019 an increase of 34%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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