Uzbekistan: Millet Market 2025

Millet Market Size in Uzbekistan

The Uzbek millet market contracted to $X in 2022, with a decrease of -7.2% against the previous year. Overall, consumption, however, saw a significant expansion. Millet consumption peaked at $X in 2021, and then contracted in the following year.

Millet Production in Uzbekistan

In value terms, millet production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a significant expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 216% 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.

The average yield of millet in Uzbekistan shrank slightly to X tons per ha in 2022, stabilizing at the previous year's figure. The yield figure increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 2.4%. Over the period under review, the average millet yield attained the peak level at X tons per ha in 2021, and then declined slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of millet production in Uzbekistan was estimated at X ha, leveling off at 2021 figures. In general, the harvested area posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 178%. The millet harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area failed to regain momentum.

Millet Exports

Exports from Uzbekistan

In 2022, shipments abroad of millet increased by 353% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a pronounced shrinkage. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, millet exports soared to $X in 2022. Overall, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons), Pakistan (X tons) and Turkey (X tons) were the main destinations of millet exports from Uzbekistan, with a combined 82% share of total exports.

From 2019 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X) emerged as the key foreign market for millet exports from Uzbekistan, comprising 79% of total exports. The second position in the ranking was held by Iraq ($X), with an 8.6% share of total exports. It was followed by Turkey, with a 7% share.

From 2019 to 2022, the average annual growth rate of value to Pakistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (0.0% per year) and Turkey (-51.9% per year).

Export Prices by Country

The average millet export price stood at $X per ton in 2022, picking up by 70% against the previous year. Overall, export price indicated resilient growth from 2019 to 2022: its price increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Afghanistan ($X per ton) was amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-19.5%).

Millet Imports

Imports into Uzbekistan

Millet imports into Uzbekistan skyrocketed to X tons in 2022, with an increase of 190% against 2021. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 731%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, millet imports skyrocketed to $X in 2022. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 492% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Kazakhstan (X tons) was the main millet supplier to Uzbekistan, with a 98% share of total imports. It was followed by Iraq (X tons), with a 2.1% share of total imports.

From 2017 to 2022, the average annual rate of growth in terms of volume from Kazakhstan amounted to +102.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Iraq (0.0% per year) and Turkey (-78.7% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of millet to Uzbekistan, comprising 96% of total imports. The second position in the ranking was held by Iraq ($X), with a 3.8% share of total imports.

From 2017 to 2022, the average annual rate of growth in terms of value from Kazakhstan stood at +94.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Iraq (0.0% per year) and Turkey (-71.7% per year).

Import Prices by Country

The average millet import price stood at $X per ton in 2022, declining by -46.5% against the previous year. Overall, the import price showed a pronounced setback. The pace of growth was the most pronounced in 2020 an increase of 371% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+33.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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