Ireland: Prepared Mustard Market 2024

Prepared Mustard Market Size in Ireland

The Irish prepared mustard market stood at $X in 2023, with an increase of X% against the previous year. In general, consumption saw a resilient expansion. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Prepared Mustard Production in Ireland

In value terms, prepared mustard production rose rapidly to $X in 2023 estimated in export price. In general, production showed a resilient increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Prepared mustard production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Prepared Mustard Exports

Exports from Ireland

In 2023, overseas shipments of prepared mustard decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2022, and then reduced markedly in the following year.

In value terms, prepared mustard exports amounted to $X in 2023. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

The UK (X tons) was the main destination for prepared mustard exports from Ireland, accounting for a X% share of total exports. Moreover, prepared mustard exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and South Korea (X% per year).

In value terms, the UK ($X) remains the key foreign market for prepared mustard exports from Ireland, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and South Korea (X% per year).

Export Prices by Country

The average prepared mustard export price stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Ireland

Prepared mustard imports into Ireland rose modestly to X tons in 2023, growing by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, prepared mustard imports soared to $X in 2023. Overall, total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, the UK (X tons) constituted the largest prepared mustard supplier to Ireland, with a X% share of total imports. Moreover, prepared mustard imports from the UK exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and the United States (X% per year).

In value terms, the UK ($X) constituted the largest supplier of prepared mustard to Ireland, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and the United States (X% per year).

Import Prices by Country

In 2023, the average prepared mustard import price amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform