China - Millet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMillet Price in China - 2023
Contents:
- Millet Price in China (FOB) - 2023
- Millet Price in China (CIF) - 2022
- Millet Exports in China
- Millet Imports in China
Millet Price in China (FOB) - 2023
In June 2023, the average millet export price amounted to $1,216 per ton, rising by 9.9% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 16% m-o-m. As a result, the export price reached the peak level of $1,603 per ton. From May 2023 to June 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($2,038 per ton), while the average price for exports to Indonesia ($704 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Millet Price in China (CIF) - 2022
The average millet import price stood at $16,333 per ton in 2022, dropping by -85.5% against the previous year. In general, the import price, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 19,818%. As a result, import price attained the peak level of $112,500 per ton, and then fell markedly in the following year.
As there is only one major supplying country, the average price level is determined by prices for Belarus.
From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to +4.8% per year.
Millet Exports in China
In 2022, the amount of millet exported from China dropped sharply to 4.2K tons, falling by -15% on the previous year's figure. Over the period under review, exports faced a deep downturn. The smallest decline of -6.9% was in 2021.
In value terms, millet exports shrank significantly to $5.6M in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year.
| Export of Millet in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,029 | 1,223 | 1,480 | 1,258 | 6.9% |
| South Korea | 785 | 2,020 | 1,600 | 1,031 | 9.5% |
| Japan | 971 | 924 | 963 | 771 | -7.4% |
| Indonesia | 602 | 388 | 802 | 741 | 7.2% |
| Netherlands | 471 | 449 | 310 | 395 | -5.7% |
| Italy | 158 | 132 | 232 | 271 | 19.7% |
| Vietnam | 158 | 86.4 | 295 | 256 | 17.5% |
| Spain | 360 | 222 | 124 | 91.2 | -36.7% |
| Thailand | 117 | 110 | 202 | 12.6 | -52.4% |
| Others | 586 | 891 | 983 | 803 | 11.1% |
| Total | 5,236 | 6,446 | 6,990 | 5,631 | 2.5% |
Top Export Markets for Millet from China in 2022:
- Indonesia (939.0 tons)
- South Korea (743.0 tons)
- Japan (677.5 tons)
- Germany (556.6 tons)
- Vietnam (333.0 tons)
- Netherlands (226.4 tons)
- Italy (133.9 tons)
- Spain (50.6 tons)
- Thailand (13.5 tons)
Millet Imports in China
In 2022, supplies from abroad of millet was finally on the rise to reach 3 kg after two years of decline. Over the period under review, imports, however, faced a precipitous decline.
In value terms, millet imports declined markedly to $49 in 2022. In general, imports, however, showed a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 269% against the previous year. As a result, imports attained the peak of $225, and then declined remarkably in the following year.
| Import of Millet in China (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | N/A | N/A | N/A | 49.0 | 0% |
| Myanmar | 123 | N/A | N/A | N/A | 0% |
| Japan | N/A | 61.0 | N/A | N/A | 0% |
| Others | 1.0 | N/A | 225 | N/A | 1400.0% |
| Total | 124 | 61.0 | 225 | 49.0 | -26.6% |
Top Suppliers of Millet to China in 2022:
- Belarus (3.0 kg)
This report provides an in-depth analysis of the millet market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 79 - Millet
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
1205
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