Sweden: Millet Market 2025

Millet Market Size in Sweden

In 2022, the Swedish millet market decreased by -1.5% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +60.8% against 2018 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Millet Exports

Exports from Sweden

In 2022, overseas shipments of millet decreased by -58.5% to X tons, falling for the eighth consecutive year after three years of growth. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 21% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, millet exports reduced remarkably to $X in 2022. In general, exports faced a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of 46%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for millet exports from Sweden, accounting for a 47% share of total exports. Moreover, millet exports to Norway exceeded the volume sent to the second major destination, Poland (X tons), twofold. Finland (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and Finland (-27.8% per year).

In value terms, Norway ($X) emerged as the key foreign market for millet exports from Sweden, comprising 69% of total exports. The second position in the ranking was held by Finland ($X), with a 24% share of total exports. It was followed by Denmark, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-26.1% per year) and Denmark (-18.8% per year).

Export Prices by Country

In 2022, the average millet export price amounted to $X per ton, which is down by -11.3% against the previous year. Over the period under review, the export price showed a slight descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 22%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Poland ($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 Norway (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Millet Imports

Imports into Sweden

In 2022, approx. X tons of millet were imported into Sweden; surging by 6.2% against 2021. In general, total imports indicated a perceptible expansion from 2012 to 2022: its volume 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 +23.3% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 71% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, millet imports shrank to $X in 2022. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +43.2% against 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of 34%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of millet to Sweden, accounting for a 56% share of total imports. Moreover, millet imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +42.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.1% per year) and the Netherlands (-6.0% per year).

In value terms, the largest millet suppliers to Sweden were Germany ($X), Poland ($X) and China ($X), together comprising 77% of total imports. Denmark, the Netherlands, Belgium, Finland and the UK lagged somewhat behind, together accounting for a further 21%.

Belgium, with a CAGR of +1,571.1%, recorded the highest rates of growth with regard to 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, waning by -13.9% against the previous year. Over the period under review, import price indicated a moderate expansion 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 +66.5% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 37%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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