Western Africa: Millet Market 2024

Millet Market Size in Western Africa

The West African millet market rose sharply to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Millet Production in Western Africa

In value terms, millet production expanded markedly to $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Niger (X tons), Nigeria (X tons) and Mali (X tons), together comprising X% of total production. Senegal, Burkina Faso, Ghana and Guinea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of millet in Western Africa expanded notably to X kg per ha, picking up by X% on the previous year's figure. Overall, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the millet yield hit record highs at X kg per ha in 2018; however, from 2019 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The millet harvested area was estimated at X ha in 2022, growing by X% on the previous year's figure. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

Millet Exports

Exports in Western Africa

In 2022, after four years of growth, there was significant decline in overseas shipments of millet, when their volume decreased by X% to X tons. In general, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, millet exports contracted dramatically to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

In 2022, Niger (X tons) represented the main exporter of millet, mixing up X% of total exports. Nigeria (X tons) took the second position in the ranking, followed by Burkina Faso (X tons) and Mali (X tons). All these countries together took near X% share of total exports. Togo (X tons) followed a long way behind the leaders.

Niger was also the fastest-growing in terms of the millet exports, with a CAGR of X% from 2012 to 2022. At the same time, Mali (X%), Burkina Faso (X%) and Nigeria (X%) displayed positive paces of growth. By contrast, Togo (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Niger, Mali and Togo increased by X, X and X percentage points, respectively.

In value terms, Niger ($X) emerged as the largest millet supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Mali ($X), with a X% share of total exports. It was followed by Burkina Faso, with a X% share.

In Niger, millet exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mali (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, growing by X% against the previous year. In general, the export price posted measured growth. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mali ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced more modest paces of growth.

Millet Imports

Imports in Western Africa

In 2022, purchases abroad of millet was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, millet imports reached $X in 2022. In general, imports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ghana (X tons) and Mauritania (X tons) prevails in imports structure, together mixing up X% of total imports. Benin (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%). Niger (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Benin (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Mauritania ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Mauritania, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, continues to indicate a measured increase. The growth pace was the most rapid in 2020 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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