Asia: Mustard Seed Market 2024

Mustard Seed Market Size in Asia

The Asian mustard seed market contracted slightly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then reduced slightly in the following year.

Mustard Seed Production in Asia

In value terms, mustard seed production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of mustard seed production was Nepal (X tons), accounting for X% of total volume. Moreover, mustard seed production in Nepal exceeded the figures recorded by the second-largest producer, India (X tons), fourfold. The third position in this ranking was held by Myanmar (X tons), with a X% share.

In Nepal, mustard seed production expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Myanmar (X% per year).

In 2022, the average mustard seed yield in Asia expanded slightly to X tons per ha, growing by X% against 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2016 when the yield increased by X%. Over the period under review, the mustard seed yield hit record highs in 2022 and is likely to see gradual growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The mustard seed harvested area was estimated at X ha in 2022, flattening at 2021. Overall, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2020 to 2022, the growth of the mustard seed harvested area remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Mustard Seed Exports

Exports in Asia

Mustard seed exports skyrocketed to X tons in 2022, picking up by X% against 2021. Overall, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, mustard seed exports surged to $X in 2022. In general, exports recorded strong growth. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

India prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Kazakhstan (X tons), creating an X% share of total exports.

India was also the fastest-growing in terms of the mustard seed exports, with a CAGR of X% from 2012 to 2022. Kazakhstan experienced a relatively flat trend pattern. From 2012 to 2022, the share of India increased by X percentage points.

In value terms, India ($X) remains the largest mustard seed supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

In India, mustard seed exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated a noticeable expansion 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 2019 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Mustard Seed Imports

Imports in Asia

In 2022, after two years of growth, there was decline in overseas purchases of mustard seed, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, mustard seed imports reduced to $X in 2022. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Nepal (X tons) and Bangladesh (X tons) were the largest importers of mustard seed in 2022, finishing at approx. X% and X% of total imports, respectively. Tajikistan (X tons) held the next position in the ranking, followed by South Korea (X tons) and Japan (X tons). All these countries together held near X% share of total imports. The following importers - Thailand (X tons) and China (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Tajikistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nepal ($X), Bangladesh ($X) and Japan ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. South Korea, Thailand, China and Tajikistan lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :