United Kingdom: Millet Market 2025

Millet Market Size in the UK

The UK millet market skyrocketed to $X in 2022, growing by 58% 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, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -26.7% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Millet Exports

Exports from the UK

In 2022, millet exports from the UK was estimated at X tons, picking up by 12% compared with the previous year. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 95%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, millet exports stood at $X in 2022. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 102%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Ireland (X tons) and France (X tons) were the main destinations of millet exports from the UK, with a combined 94% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +36.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Ireland ($X) and France ($X) appeared to be the largest markets for millet exported from the UK worldwide, with a combined 86% share of total exports.

France, with a CAGR of +41.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average millet export price amounted to $X per ton, shrinking by -9.8% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.0% 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 increased by +28.1% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of 59%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Ireland ($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 Malta (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Millet Imports

Imports into the UK

In 2022, the amount of millet imported into the UK surged to X tons, with an increase of 50% on 2021 figures. Overall, total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -43.9% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 69%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, millet imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.5% against 2020 indices. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Ukraine (X tons), France (X tons) and India (X tons) were the main suppliers of millet imports to the UK, together comprising 80% of total imports. The United States, China and Bulgaria lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +55.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), France ($X) and China ($X) constituted the largest millet suppliers to the UK, with a combined 68% share of total imports. India, the United States and Bulgaria lagged somewhat behind, together accounting for a further 23%.

Bulgaria, with a CAGR of +58.5%, recorded the highest growth rate of the value of imports, among the main suppliers 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, growing by 6.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2021 an increase of 33%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Ukraine ($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 (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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