Global Mustard Seed Market 2024

Mustard Seed Market Size

The global mustard seed market skyrocketed to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mustard Seed Production

In value terms, mustard seed production declined slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Global production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Nepal (X tons), Russia (X tons) and Canada (X tons), together comprising X% of global production.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while production for the other global leaders experienced more modest paces of growth.

In 2022, the global average yield of mustard seed expanded remarkably to X tons per ha, surging by X% against the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2022, the growth of the average mustard seed yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of mustard seed production worldwide shrank slightly to X ha, flattening at 2021 figures. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. The global harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area failed to regain momentum.

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Mustard Seed Exports

Exports

In 2022, global exports of mustard seed amounted to X tons, surging by X% compared with the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, mustard seed exports skyrocketed to $X in 2022. Overall, exports enjoyed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Canada (X tons) and Russia (X tons) represented the largest exporters of mustard seedin the world, together constituting X% of total exports. India (X tons) ranks next in terms of the total exports with a X% share, followed by Germany (X%) and the United States (X%). Ukraine (X tons), the Czech Republic (X tons), Poland (X tons), Australia (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Australia (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest mustard seed supplying countries worldwide were Canada ($X), Russia ($X) and India ($X), with a combined X% share of global exports. Germany, Poland, Ukraine, Belgium, the Czech Republic, the United States and Australia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Australia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average mustard seed export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mustard seed export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other global leaders experienced more modest paces of growth.

Mustard Seed Imports

Imports

In 2022, global mustard seed imports surged to X tons, jumping by X% against the previous year's figure. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mustard seed imports soared to $X in 2022. Over the period under review, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons), distantly followed by Germany (X tons), Nepal (X tons), France (X tons), Bangladesh (X tons), Poland (X tons) and Belgium (X tons) represented the largest importers of mustard seed, together committing X% of total imports. The following importers - the Netherlands (X tons) and Canada (X tons) - together made up X% of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, Canada (X%), Poland (X%), Belgium (X%), Nepal (X%), France (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Belgium (X p.p.), Canada (X p.p.) and Nepal (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Bangladesh (X p.p.), the Netherlands (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mustard seed importing markets worldwide were the United States ($X), Germany ($X) and France ($X), with a combined X% share of global imports. Poland, Nepal, Belgium, Bangladesh, the Netherlands and Canada lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average mustard seed import price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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