Singapore - Mustard Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMustard Seed Price in Singapore - 2022
Contents:
- Mustard Seed Price in Singapore (CIF) - 2022
- Mustard Seed Price in Singapore (FOB) - 2022
- Mustard Seed Imports in Singapore
- Mustard Seed Exports in Singapore
Mustard Seed Price in Singapore (CIF) - 2022
The average mustard seed import price stood at $1,168 per ton in 2022, reducing by -2.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 27% against the previous year. The import price peaked at $1,200 per ton in 2021, and then shrank modestly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($1,314 per ton), while the price for Bangladesh ($520 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Mustard Seed Price in Singapore (FOB) - 2022
The average mustard seed export price stood at $1,477 per ton in 2022, increasing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2021 an increase of 24%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($1,829 per ton), while the average price for exports to Indonesia ($851 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Mustard Seed Imports in Singapore
In 2022, purchases abroad of mustard seed decreased by -11.7% to 204 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 12% against the previous year.
In value terms, mustard seed imports fell to $238K in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 42% against the previous year.
| Import of Mustard Seed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 139 | 165 | 249 | 206 | 14.0% |
| Malaysia | 16.7 | 25.9 | 15.2 | 8.3 | -20.8% |
| China | 1.7 | 6.9 | 0.7 | 4.6 | 39.3% |
| Bangladesh | 0.2 | 0.1 | 0.1 | 3.4 | 157.1% |
| Others | 22.8 | 57.7 | 11.7 | 15.4 | -12.3% |
| Total | 180 | 255 | 277 | 238 | 9.8% |
Top Suppliers of Mustard Seed to Singapore in 2022:
- India (180.9 tons)
- Bangladesh (6.5 tons)
- Malaysia (6.3 tons)
- China (6.3 tons)
Mustard Seed Exports in Singapore
In 2022, overseas shipments of mustard seed decreased by -13.7% to 46 tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 55%.
In value terms, mustard seed exports reached $68K in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Mustard Seed in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | 10.7 | 18.5 | 41.0 | 41.0 | 56.5% |
| Brunei Darussalam | 6.9 | 8.9 | 10.8 | 7.8 | 4.2% |
| South Africa | N/A | 4.3 | 6.0 | 7.1 | 28.5% |
| Malaysia | 6.7 | 2.9 | 0.2 | 3.5 | -19.5% |
| France | 2.6 | 3.7 | 5.6 | 3.3 | 8.3% |
| Indonesia | N/A | N/A | 0.3 | 1.6 | 433.3% |
| New Zealand | N/A | 0.7 | 2.0 | 1.0 | 19.5% |
| Others | 5.4 | 4.8 | 1.3 | 2.8 | -19.7% |
| Total | 32.3 | 43.7 | 67.2 | 68.0 | 28.2% |
Top Export Markets for Mustard Seed from Singapore in 2022:
- Fiji (27.0 tons)
- South Africa (5.5 tons)
- Brunei Darussalam (5.3 tons)
- Malaysia (2.7 tons)
- Indonesia (1.8 tons)
- France (1.8 tons)
- New Zealand (0.7 tons)
This report provides an in-depth analysis of the mustard seed market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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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Global mustard seed consumption amounted to X thousand tons in 2015, declining by -X% against the previous year level.
7953
In 2015, the countries with the highest levels of production were Canada (X thousand tons), Nepal (X thousand tons), Russia (X thousand tons), together accounting for X% of total output.
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