GCC: Mustard Seed Market 2024

Mustard Seed Market Size in GCC

In 2022, the GCC mustard seed market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption posted resilient growth. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Mustard Seed Production in GCC

In value terms, mustard seed production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume decreased by X%. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the near future.

Saudi Arabia (X kg) constituted the country with the largest volume of mustard seed production, comprising approx. X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Saudi Arabia was relatively modest.

Mustard Seed Exports

Exports in GCC

In 2022, the amount of mustard seed exported in GCC shrank rapidly to X tons, which is down by X% on the previous year. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, mustard seed exports fell to $X in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

The United Arab Emirates prevails in exports structure, recording X tons, which was near X% of total exports in 2022. Bahrain (X tons) and Kuwait (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mustard seed exports from the United Arab Emirates stood at X%. At the same time, Kuwait (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. Bahrain (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest mustard seed supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Bahrain (X% per year) and Kuwait (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price showed a prominent expansion. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced mixed trends in the export price figures.

Mustard Seed Imports

Imports in GCC

In 2022, approx. X tons of mustard seed were imported in GCC; surging by X% against the previous year's figure. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, mustard seed imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the largest importer of mustard seed, creating X% of total imports. Saudi Arabia (X tons) held the second position in the ranking, distantly followed by Kuwait (X tons), Qatar (X tons) and Oman (X tons). All these countries together held near X% share of total imports. Bahrain (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to mustard seed imports into the United Arab Emirates stood at X%. At the same time, Saudi Arabia (X%), Qatar (X%), Oman (X%), Kuwait (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kuwait, Saudi Arabia and Qatar increased by X, X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported mustard seed in GCC, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by Oman, with an X% share.

In the United Arab Emirates, mustard seed imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, rising by X% against the previous year. Import price indicated a noticeable 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 import price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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