Canada - Mustard Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMustard Seed Price in Canada - 2023
Contents:
- Mustard Seed Price in Canada (FOB) - 2023
- Mustard Seed Price in Canada (CIF) - 2023
- Mustard Seed Exports in Canada
- Mustard Seed Imports in Canada
Mustard Seed Price in Canada (FOB) - 2023
The average mustard seed export price stood at $1,929 per ton in September 2023, shrinking by -2.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in April 2023 an increase of 18% m-o-m. Over the period under review, the average export prices hit record highs at $2,052 per ton in May 2023; however, from June 2023 to September 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In September 2023, the countries with the highest prices were South Korea ($2,734 per ton) and the Netherlands ($2,371 per ton), while the average price for exports to the United States ($1,830 per ton) and Japan ($1,882 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Mustard Seed Price in Canada (CIF) - 2023
In September 2023, the average mustard seed import price amounted to $1,113 per ton, declining by -8% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 31% against the previous month. As a result, import price attained the peak level of $1,613 per ton. From April 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($1,198 per ton), while the price for India stood at $445 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Australia (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Mustard Seed Exports in Canada
For the third consecutive year, Canada recorded decline in overseas shipments of mustard seed, which decreased by -2.7% to 106K tons in 2022. Over the period under review, exports saw a pronounced curtailment. The smallest decline of -1.9% was in 2021.
In value terms, mustard seed exports skyrocketed to $152M in 2022. Overall, exports, however, saw a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Mustard Seed in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 46.4 | 42.5 | 50.9 | 88.6 | 24.1% |
| Belgium | 10.0 | 11.3 | 16.4 | 18.1 | 21.9% |
| Netherlands | 1.4 | 2.0 | 2.4 | 4.6 | 48.7% |
| Japan | 4.1 | 2.9 | 3.0 | 4.6 | 3.9% |
| South Korea | 1.0 | 1.0 | 0.6 | 4.1 | 60.1% |
| Brazil | 1.2 | 2.3 | 2.2 | 3.7 | 45.5% |
| Senegal | 1.9 | 1.8 | 1.8 | 3.4 | 21.4% |
| Mexico | N/A | 0.1 | 0.1 | 3.3 | 474.5% |
| Germany | 2.9 | 0.8 | 2.3 | 2.7 | -2.4% |
| Peru | 0.4 | 0.3 | 1.4 | 2.3 | 79.2% |
| Venezuela | 0.2 | 0.3 | 0.5 | 1.6 | 100.0% |
| Switzerland | 7.3 | 4.1 | 0.3 | 0.4 | -62.0% |
| France | 3.4 | 1.1 | 0.2 | 0.2 | -61.1% |
| Others | 8.9 | 8.2 | 11.3 | 14.6 | 17.9% |
| Total | 89.0 | 78.6 | 93.5 | 152 | 19.5% |
Top Export Markets for Mustard Seed from Canada in 2022:
- United States (50.9K tons)
- Belgium (12.5K tons)
- Netherlands (6.7K tons)
- Japan (4.3K tons)
- South Korea (4.3K tons)
- Senegal (3.9K tons)
- Brazil (3.8K tons)
- Mexico (2.2K tons)
- Peru (2.1K tons)
- Venezuela (1.7K tons)
- Germany (1.4K tons)
- Switzerland (0.3K tons)
- France (0.2K tons)
Mustard Seed Imports in Canada
In 2022, purchases abroad of mustard seed was finally on the rise to reach 10K tons for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, mustard seed imports soared to $14M in 2022. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Mustard Seed in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.5 | 3.3 | 4.4 | 7.7 | 19.6% |
| Russia | N/A | N/A | 0.1 | 4.2 | 4100.0% |
| Germany | N/A | 0.1 | N/A | 1.5 | 287.3% |
| India | 0.2 | 0.2 | 0.3 | 0.5 | 35.7% |
| Others | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
| Total | 4.8 | 3.7 | 5.0 | 14.3 | 43.9% |
Top Suppliers of Mustard Seed to Canada in 2022:
- United States (6.3K tons)
- Russia (2.6K tons)
- Germany (0.8K tons)
- India (0.3K tons)
This report provides an in-depth analysis of the mustard seed market in Canada. 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.
Product coverage:
- FCL 292 - Mustard seed
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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From April 2023 to December 2023, the growth of Mustard Seed exports remained stagnant. The value of Mustard Seed exports decreased slightly to $14M in December 2023.
131
From April 2023 to October 2023, the exports of Mustard Seed experienced a slight decrease in growth. In terms of value, the exports of Mustard Seed rose to $15M in October 2023.
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The price of Mustard Seed in June 2023 was $1,979 per ton (FOB, Canada), showing a significant increase of 62% compared to the previous month.
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Despite a slight dip in exports in 2014, Canada continued its dominance in the global mustard seed trade. In 2014, Canada exported X thousand tons of mustard seed totaling X million USD, X% under the previous year. Its primary trading partner was
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