Global millet demand for 2024 shows India as the leading consumer with 11.12 million metric tons, followed by Niger at 4.06 and Nigeria at 2.19. Countries like Mali, China, Burkina Faso, and Ethiopia also represent significant demand.
Over the last year, significant increases were observed in Niger (1.01%), Senegal (1.12%), Kenya (1.2%), Ivory Coast (1.22%), and Saudi Arabia (1.22%). Conversely, Russia (-7.27%) and Ukraine (-27.78%) demonstrated notable decreases, while China and Uganda faced moderate declines.
In the long-term, countries like Iran, Afghanistan, and Thailand showed promising growth rates with respective CAGRs of 5.92%, 4.24%, and 5.15%. The French market particularly stood out with a substantial CAGR of 12.47%. There were also steady increases observed in Belgium, Sri Lanka, and Malaysia.
Future trends to watch include:
- Potential market expansions in Iran, Afghanistan, Thailand, and Brazil due to high annual growth rates.
- Increased consumption in African nations driven by higher growth rates in countries like Senegal, Kenya, and Gambia.
- Close monitoring of demand shifts in large markets such as China and the US, where current trends show potential declines and moderate growth, respectively.
Top countries in Millet Demand by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 11,120 | 2023 | +0.12% | +0.045% | View data |
| 2 | 2 Niger | 4,060 | 2023 | +1% | +1.01% | View data |
| 3 | 3 Nigeria | 2,190 | 2023 | +2.28% | +0.7% | View data |
| 4 | 4 Mali | 1,880 | 2023 | +0.91% | +0.49% | View data |
| 5 | 5 China | 1,410 | 2023 | -3.63% | -2.48% | View data |
| 6 | 6 Burkina Faso | 1,150 | 2023 | +1.14% | -0.66% | View data |
| 7 | 7 Ethiopia | 1,000 | 2023 | +0.4% | +0.22% | View data |
| 8 | 8 Chad | 754 | 2023 | +0.8% | +0.57% | View data |
| 9 | 9 Senegal | 683 | 2023 | +1.04% | +1.12% | View data |
| 10 | 10 Pakistan | 382 | 2023 | +1.33% | +0.86% | View data |
