Millet Market in Australia and Oceania
In value terms, millet production skyrocketed to $ in estimated in export price. In general, production, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of %. As a result, production reached the peak level of $. From to , production growth remained at a lower figure.
The country with the largest volume of millet production was Australia ( tons), comprising approx. % of total volume.
From 2007 to , the average annual growth rate of volume in Australia was relatively modest.
The average millet yield reached tons per ha in , therefore, remained relatively stable against . In general, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the yield increased by % against the previous year. As a result, the yield attained the peak level of tons per ha; afterwards, it flattened through to . Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , the total area harvested in terms of millet production in Australia and Oceania contracted to ha, remaining stable against figures. Over the period under review, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the harvested area increased by %. The level of harvested area peaked at ha in 2009; however, from 2010 to , the harvested area failed to regain momentum.
The size of the millet market in Australia and Oceania expanded significantly to $ in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, enjoyed a resilient expansion. As a result, consumption attained the peak level of $. From to , the growth of the market failed to regain momentum.
In Australia, millet consumption remained relatively stable over the period from 2007-.
In value terms, Australia ($) led the market, alone. The second position in the ranking was taken by New Zealand ($).
In Australia, the millet market expanded at an average annual rate of +% over the period from 2007-.
In Australia, millet per capita consumption shrank by an average annual rate of -% over the period from 2007-.