Millet Market Overview in Kazakhstan
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.
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.