Millet Market Overview in Kazakhstan

The Kazakh millet market dropped slightly to $ in 2019, waning 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). Over the period under review, consumption enjoyed a strong increase. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Over the period under review, the market attained the peak level at $ in 2018, and then reduced modestly in the following year.

In value terms, millet production declined to $ in 2019 estimated in export prices. In general, production showed a strong increase. The pace of growth appeared the most rapid in 2011 when the production volume increased by % y-o-y. Millet production peaked at $ in 2018, and then fell in the following year.

The average yield of millet in Kazakhstan fell to kg per ha in 2019, waning by -% compared with the previous year's figure. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of % y-o-y. As a result, the yield attained the peak level of tonnes per ha. From 2012 to 2019, the growth of the average millet yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the harvested area of millet in Kazakhstan skyrocketed to ha, growing by % against 2018. Overall, the total harvested area indicated a perceptible expansion from 2007 to 2019: its figure increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, millet harvested area increased by +% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of % y-o-y. The millet harvested area peaked at ha in 2016; however, from 2017 to 2019, the harvested area failed to regain the momentum.

In 2019, the amount of millet consumed in Kazakhstan amounted to tonnes, with an increase of % on 2018. Overall, consumption posted a noticeable expansion. The pace of growth was the most pronounced in 2011 when the consumption volume increased by % year-to-year. Over the period under review, consumption hit record highs at tonnes in 2016; however, from 2017 to 2019, consumption remained at a lower figure.

The size of the millet market in Kazakhstan declined to $ in 2019, shrinking 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). Over the period under review, consumption continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2011 when the market value increased by % y-o-y. Over the period under review, the market attained the peak level at $ in 2018, and then dropped in the following year.

Driven by increasing demand for millet in Kazakhstan, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .

Over the period under review, imports of millet in Kazakhstan were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for millet.

This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.