Millet Market Size in Pakistan
In 2024, the Pakistani millet market decreased by X% to $X for the first time since 2021, thus ending a two-year rising trend. Over the period under review, consumption recorded a relatively flat trend pattern. Millet consumption peaked at $X in 2019; however, from 2020 to 2024, consumption remained at a lower figure.
Millet Production in Pakistan
In value terms, millet production fell to $X in 2024 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Millet production peaked at $X in 2013; however, from 2014 to 2024, production failed to regain momentum.
In 2024, the average yield of millet in Pakistan fell to X tons per ha, reducing by X% on the previous year’s figure. Over the period under review, the yield, however, continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2021 when the yield increased by X% against the previous year. Over the period under review, the average millet yield hit record highs at X tons per ha in 2023, and then contracted 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.
The millet harvested area in Pakistan was estimated at X ha in 2024, approximately mirroring the previous year’s figure. Overall, the harvested area, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2020 to 2024, the growth of the millet harvested area remained at a somewhat lower figure.
Millet Exports
Exports from Pakistan
In 2024, millet exports from Pakistan skyrocketed to X tons, surging by X% compared with the year before. In general, exports posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2024, the exports failed to regain momentum.
In value terms, millet exports skyrocketed to $X in 2024. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2024, the exports remained at a lower figure.
Exports by Country
Afghanistan (X tons) was the main destination for millet exports from Pakistan, with a X% share of total exports. Moreover, millet exports to Afghanistan exceeded the volume sent to the second major destination, Oman (X tons), fourfold.
From 2012 to 2024, the average annual growth rate of volume to Afghanistan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Greece (X% per year).
In value terms, Afghanistan ($X) emerged as the key foreign market for millet exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.
From 2012 to 2024, the average annual rate of growth in terms of value to Afghanistan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Greece (X% per year).
Export Prices by Country
The average millet export price stood at $X per ton in 2024, picking up by X% against the previous year. Overall, the export price recorded mild growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2024, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.
From 2012 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.
Millet Imports
Imports into Pakistan
In 2024, overseas purchases of millet decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports faced a deep setback. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2024, the growth of imports failed to regain momentum.
In value terms, millet imports contracted markedly to $X in 2024. Over the period under review, imports showed a drastic downturn. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2024, the growth of imports remained at a somewhat lower figure.
Imports by Country
Iran (X tons), Thailand (X tons) and Turkey (X tons) were the main suppliers of millet imports to Pakistan, together accounting for X% of total imports.
From 2012 to 2024, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Turkey ($X), Iran ($X) and Thailand ($X) constituted the largest millet suppliers to Pakistan, together comprising X% of total imports.
Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average millet import price stood at $X per ton in 2024, falling by X% against the previous year. Overall, the import price continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2023 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2024, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.
From 2012 to 2024, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
The country with the largest volume of millet consumption was India, accounting for 40% of total volume. Moreover, millet consumption in India exceeded the figures recorded by the second-largest consumer, Niger, fourfold. China ranked third in terms of total consumption with an 8.5% share.
India constituted the country with the largest volume of millet production, comprising approx. 40% of total volume. Moreover, millet production in India exceeded the figures recorded by the second-largest producer, Niger, fourfold. The third position in this ranking was taken by China, with an 8.5% share.
In value terms, the largest millet suppliers to Pakistan were Turkey, Iran and Thailand, together accounting for 88% of total imports.
In value terms, Afghanistan emerged as the key foreign market for millet exports from Pakistan, comprising 69% of total exports. The second position in the ranking was taken by Oman, with a 30% share of total exports.
In 2024, the average millet export price amounted to $265 per ton, with an increase of 6.4% against the previous year. Over the period under review, the export price saw a slight increase. The growth pace was the most rapid in 2013 when the average export price increased by 84%. As a result, the export price reached the peak level of $403 per ton. From 2014 to 2024, the average export prices remained at a lower figure.
In 2024, the average millet import price amounted to $203 per ton, shrinking by -2.4% against the previous year. Over the period under review, the import price recorded a slight setback. The growth pace was the most rapid in 2023 an increase of 58%. The import price peaked at $311 per ton in 2017; however, from 2018 to 2024, import prices failed to regain momentum.
