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U.S. - Mustard Seed - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Dec 11, 2019

U.S. Output of Mustard Seeds Indicated an Extraordinary Expansion over the Last Three Years

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IndexBox has just published a new report: 'U.S. - Mustard Seed - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The revenue of the mustard seed market in the U.S. amounted to $60M in 2018, going down by -6.3% 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). Overall, mustard seed consumption continues to indicate a temperate decline. The pace of growth was the most pronounced in 2017 with an increase of 0.8% year-to-year. In that year, the mustard seed market reached its peak level of $64M, and then declined slightly in the following year.

Production in the U.S.

In 2018, the mustard seed production in the U.S. amounted to 29K tonnes, surging by 5.7% against the previous year. Over the period under review, the total output indicated an extraordinary expansion from 2016 to 2018: its volume increased at an average annual rate of +20.9% over the last two-year period. It was largely conditioned by skyrocketing growth of the harvested area and a strong expansion in yield figures.

Based on 2018 figures, mustard seed production increased by +46.1% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 38% y-o-y. Mustard seed production peaked in 2018 and is likely to continue its growth in the near future. Mustard seed output in the U.S. indicated an extraordinary increase, which 

Harvested Area in the U.S.

In 2018, the harvested area of mustard seed in the U.S. amounted to 41K ha, jumping by 5.3% against the previous year. The harvested area increased at an average annual rate of +1.1% from 2016 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 5.3% against the previous year. In that year, the mustard seed harvested area reached its peak level and is likely to continue its growth in the immediate term.

Yield in the U.S.

In 2018, the average yield of mustard seed in the U.S. amounted to 711 kg per ha, leveling off at the previous year. Overall, the yield indicated buoyant growth from 2016 to 2018: its figure increased at an average annual rate of +19.5% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, mustard seed yield increased by +42.8% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 42% against the previous year. Over the period under review, the average mustard seed yield attained its maximum level in 2018 and is expected to retain its growth in the immediate term.

Exports from the U.S.

In 2018, the amount of mustard seed exported from the U.S. amounted to 14K tonnes, picking up by 24% against the previous year. Overall, mustard seed exports continue to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2017 with an increase of 58% year-to-year. Over the period under review, mustard seed exports reached their maximum in 2018 and are likely to continue its growth in the near future.

In value terms, mustard seed exports totaled $11M (IndexBox estimates) in 2018. In general, mustard seed exports continue to indicate an outstanding expansion. The pace of growth appeared the most rapid in 2017 with an increase of 82% y-o-y. Over the period under review, mustard seed exports reached their peak figure in 2018 and are expected to retain its growth in the near future.

Exports by Country

Canada (7.7K tonnes) was the main destination for mustard seed exports from the U.S., with a 54% share of total exports. Moreover, mustard seed exports to Canada exceeded the volume sent to the second major destination, France (969 tonnes), eightfold. The third position in this ranking was occupied by Thailand (829 tonnes), with a 5.8% share.

From 2016 to 2018, the average annual growth rate of volume to Canada stood at +47.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5,488.6% per year) and Thailand (+540.8% per year).

In value terms, Canada ($4.8M) remains the key foreign market for mustard seed exports from the U.S., comprising 43% of total mustard seed exports. The second position in the ranking was occupied by Uruguay ($1.5M), with a 14% share of total exports. It was followed by France, with a 9.6% share.

From 2016 to 2018, the average annual rate of growth in terms of value to Canada totaled +62.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (0.0% per year) and France (+3,460.2% per year).

Export Prices by Country

In 2018, the average mustard seed export price amounted to $786 per tonne, going up by 14% against the previous year. Over the last two years, it increased at an average annual rate of +14.5%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 15% year-to-year. Over the period under review, the average export prices for mustard seed reached their peak figure in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Uruguay ($1,951 per tonne), while the average price for exports to Israel ($545 per tonne) was amongst the lowest.

From 2016 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

In 2018, the imports of mustard seed into the U.S. amounted to 63K tonnes, coming down by -8.2% against the previous year. Over the period under review, mustard seed imports continue to indicate a temperate downturn. The most prominent rate of growth was recorded in 2017 with an increase of 2.9% against the previous year. In that year, mustard seed imports reached their peak of 68K tonnes, and then declined slightly in the following year.

In value terms, mustard seed imports amounted to $47M (IndexBox estimates) in 2018. Overall, mustard seed imports continue to indicate an abrupt contraction. The pace of growth was the most pronounced in 2018 with a decrease of -4.2% against the previous year. Over the period under review, mustard seed imports attained their maximum at $54M in 2016; however, from 2017 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Canada (62K tonnes) was the main supplier of mustard seed to the U.S., accounting for a approx. 99% share of total imports.

From 2016 to 2018, the average annual growth rate of volume from Canada amounted to -2.9%.

In value terms, Canada ($46M) constituted the largest supplier of mustard seed to the U.S..

From 2016 to 2018, the average annual rate of growth in terms of value from Canada totaled -6.8%.

Import Prices by Country

In 2018, the average mustard seed import price amounted to $746 per tonne, going up by 4.3% against the previous year. Overall, the mustard seed import price, however, continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2018 an increase of 4.3% against the previous year. The import price peaked at $807 per tonne in 2016; however, from 2017 to 2018, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2016 to 2018, the rate of growth in terms of prices for Canada amounted to -4.0% per year.

Source: IndexBox AI Platform

Product coverage:
• FCL 292 - Mustard seed

This report provides an in-depth analysis of the mustard seed market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007-2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2019
Figure 5:
Trade Balance, In Physical Terms, 2007-2019
Figure 6:
Trade Balance, In Value Terms, 2007-2019
Figure 7:
Per Capita Consumption, 2007-2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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