Turkey - Millet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMillet Price in Turkey - 2023
Contents:
- Millet Price in Turkey (FOB) - 2022
- Millet Price in Turkey (CIF) - 2023
- Millet Exports in Turkey
- Millet Imports in Turkey
Millet Price in Turkey (FOB) - 2022
The average millet export price stood at $303 per ton in 2022, reducing by -13.5% against the previous year. In general, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of 45%. The export price peaked at $627 per ton in 2012; however, from 2013 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 Morocco ($366 per ton), while the average price for exports to Iran ($192 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 Qatar (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Millet Price in Turkey (CIF) - 2023
In July 2023, the average millet import price amounted to $246 per ton, reducing by -30.6% against the previous month. Overall, the import price continues to indicate a perceptible slump. The growth pace was the most rapid in March 2023 an increase of 38% m-o-m. As a result, import price reached the peak level of $481 per ton. From April 2023 to July 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Russia ($246 per ton), while the price for Ukraine ($226 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (+5.1%), while the prices for the other major suppliers experienced a decline.
Millet Exports in Turkey
For the fourth consecutive year, Turkey recorded growth in shipments abroad of millet, which increased by 15% to 21K tons in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 161%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, millet exports reduced modestly to $6.4M in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 124% against the previous year.
| Export of Millet in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 1,560 | 3,059 | 3,260 | 3,171 | 26.7% |
| Libya | 105 | 15.6 | 54.5 | 649 | 83.5% |
| Morocco | 60.6 | 5.3 | N/A | 464 | 97.1% |
| Israel | N/A | N/A | 0.2 | 336 | 167900.0% |
| Algeria | N/A | 15.8 | N/A | 251 | 298.6% |
| Syrian Arab Republic | 112 | 99.4 | 94.3 | 214 | 24.1% |
| Qatar | N/A | N/A | N/A | 213 | 0% |
| Indonesia | N/A | 878 | 2,266 | 0.1 | -98.9% |
| Others | 69.7 | 195 | 710 | 1,065 | 148.1% |
| Total | 1,907 | 4,268 | 6,386 | 6,364 | 49.4% |
Top Export Markets for Millet from Turkey in 2022:
- Indonesia (undefinedK tons)
- Iraq (11.9K tons)
- Libya (1.9K tons)
- Morocco (1.3K tons)
- Israel (1.1K tons)
- Algeria (1.1K tons)
- Syrian Arab Republic (0.8K tons)
- Qatar (0.7K tons)
Millet Imports in Turkey
In 2022, after three years of growth, there was significant decline in overseas purchases of millet, when their volume decreased by -24.4% to 20K tons. In general, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 94%.
In value terms, millet imports rose slightly to $6.1M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 74%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Millet in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.7 | 4.6 | 5.3 | 4.5 | 38.3% |
| Ukraine | 0.3 | 0.6 | 0.3 | 0.5 | 18.6% |
| Uzbekistan | 0.5 | 0.3 | N/A | 0.5 | 0.0% |
| Kazakhstan | 0.1 | 0.2 | 0.1 | 0.5 | 71.0% |
| United States | 0.5 | N/A | 0.1 | N/A | -55.3% |
| Others | 0.4 | 0.4 | 0.1 | 0.1 | -37.0% |
| Total | 3.5 | 6.1 | 5.9 | 6.1 | 20.3% |
Top Suppliers of Millet to Turkey in 2022:
- Russia (14.6K tons)
- Kazakhstan (1.8K tons)
- Uzbekistan (1.7K tons)
- Ukraine (1.5K tons)
This report provides an in-depth analysis of the millet market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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
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