Romania: Millet Market 2025

Millet Market Size in Romania

The Romanian millet market contracted notably to $X in 2022, reducing by -34.2% against the previous year. In general, consumption saw a pronounced descent. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Millet Production in Romania

In value terms, millet production reduced notably to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 74,838,600% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average millet yield in Romania stood at less than X kg per ha, leveling off at the previous year. Overall, the yield saw 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 millet harvested area in Romania amounted to less than X ha, therefore, remained relatively stable against the previous year. Overall, the harvested area showed a relatively flat trend pattern.

Millet Exports

Exports from Romania

For the third consecutive year, Romania recorded decline in shipments abroad of millet, which decreased by -95.8% to X tons in 2022. Over the period under review, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2014 with an increase of 642% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, millet exports reduced dramatically to $X in 2022. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 678%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for millet exports from Romania, with a 50% share of total exports. Moreover, millet exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), twofold. Sweden (X kg) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -36.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-41.1% per year) and Sweden (-55.1% per year).

In value terms, Germany ($X), Sweden ($X) and France ($X) were the largest markets for millet exported from Romania worldwide, with a combined 69% share of total exports. Belgium, Austria, Bulgaria and Spain lagged somewhat behind, together accounting for a further 31%.

In terms of the main countries of destination, Bulgaria, with a CAGR of +62.4%, recorded the highest growth rate of 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, picking up by 150% against the previous year. Over the period under review, the export price posted resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Austria ($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 Spain (+80.6%), while the prices for the other major destinations experienced more modest paces of growth.

Millet Imports

Imports into Romania

In 2022, supplies from abroad of millet decreased by -65.8% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 111%. Over the period under review, imports hit record highs at X tons in 2021, and then declined sharply in the following year.

In value terms, millet imports reduced notably to $X in 2022. Over the period under review, imports, however, enjoyed a tangible increase. The pace of growth appeared the most rapid in 2019 when imports increased by 78% against the previous year. Imports peaked at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of millet to Romania, with a 48% share of total imports. Moreover, millet imports from Hungary exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Austria (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary totaled -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.8% per year) and Austria (+10.8% per year).

In value terms, Hungary ($X), Germany ($X) and Austria ($X) constituted the largest millet suppliers to Romania, with a combined 73% share of total imports. Poland, Slovakia, the Netherlands and Latvia lagged somewhat behind, together accounting for a further 21%.

The Netherlands, with a CAGR of +103.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average millet import price stood at $X per ton in 2022, jumping by 46% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 +81.6% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 50%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; afterwards, it flattened through to 2022.

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 Germany ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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