Australia - Prepared Mustard - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrepared Mustard Price in Australia - 2023
Contents:
- Prepared Mustard Price in Australia (CIF) - 2023
- Prepared Mustard Price in Australia (FOB) - 2023
- Prepared Mustard Imports in Australia
- Prepared Mustard Exports in Australia
Prepared Mustard Price in Australia (CIF) - 2023
In September 2023, the average prepared mustard import price amounted to $3,887 per ton, with an increase of 4.4% against the previous month. In general, import price indicated perceptible growth from September 2022 to September 2023: its price increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, prepared mustard import price decreased by -36.2% against July 2023 indices. The pace of growth was the most pronounced in July 2023 when the average import price increased by 40% against the previous month. As a result, import price reached the peak level of $6,095 per ton. From August 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 UK ($9,196 per ton), while the price for New Zealand ($1,680 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Sweden (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Prepared Mustard Price in Australia (FOB) - 2023
The average prepared mustard export price stood at $3,156 per ton in September 2023, shrinking by -7.8% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 63% m-o-m. The export price peaked at $4,414 per ton in May 2023; however, from June 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Singapore ($6,433 per ton), while the average price for exports to Hong Kong SAR ($2,149 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Prepared Mustard Imports in Australia
In 2022, supplies from abroad of prepared mustard decreased by -5.4% to 2.3K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a mild decrease. The growth pace was the most rapid in 2020 with an increase of 3.5% against the previous year. As a result, imports attained the peak of 2.5K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, prepared mustard imports expanded rapidly to $8.5M in 2022. The total import value increased at an average annual rate of +8.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 12% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Prepared Mustard in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3,279 | 4,242 | 4,439 | 4,084 | 7.6% |
| United States | 1,264 | 1,349 | 1,046 | 1,847 | 13.5% |
| Canada | 565 | 614 | 695 | 761 | 10.4% |
| New Zealand | 136 | 298 | 493 | 351 | 37.2% |
| Germany | 591 | 469 | 313 | 332 | -17.5% |
| Belgium | 52.6 | 12.7 | 110 | 293 | 77.3% |
| Netherlands | 18.1 | 12.4 | 22.6 | 160 | 106.8% |
| United Kingdom | 431 | 165 | 189 | 145 | -30.5% |
| Thailand | 82.3 | 71.2 | 88.8 | 79.2 | -1.3% |
| Others | 277 | 286 | 297 | 441 | 16.8% |
| Total | 6,695 | 7,520 | 7,693 | 8,493 | 8.3% |
Top Suppliers of Prepared Mustard to Australia in 2022:
- France (781.6 tons)
- United States (712.9 tons)
- New Zealand (207.2 tons)
- Canada (193.4 tons)
- Germany (86.6 tons)
- Netherlands (60.8 tons)
- Belgium (50.0 tons)
- Thailand (46.2 tons)
- United Kingdom (20.1 tons)
Prepared Mustard Exports in Australia
In 2022, prepared mustard exports from Australia dropped notably to 528 tons, shrinking by -21.3% on the previous year. Overall, exports saw a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 12%. As a result, the exports reached the peak of 671 tons, and then fell markedly in the following year.
In value terms, prepared mustard exports reduced rapidly to $1.7M in 2022. In general, exports continue to indicate a slight decrease. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. As a result, the exports reached the peak of $2.3M, and then dropped markedly in the following year.
| Export of Prepared Mustard in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,111 | 780 | 888 | 939 | -5.5% |
| Japan | 174 | 180 | 214 | 297 | 19.5% |
| Singapore | 163 | 219 | 252 | 266 | 17.7% |
| Malaysia | 81.8 | 93.8 | 180 | 63.5 | -8.1% |
| China | 65.8 | 471 | 666 | 7.3 | -51.9% |
| Others | 148 | 137 | 117 | 110 | -9.4% |
| Total | 1,743 | 1,881 | 2,317 | 1,682 | -1.2% |
Top Export Markets for Prepared Mustard from Australia in 2022:
- New Zealand (405.6 tons)
- Singapore (43.6 tons)
- Japan (42.8 tons)
- Malaysia (14.3 tons)
- China (1.9 tons)
This report provides an in-depth analysis of the prepared mustard market in Australia. 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:
- Prodcom 10841253 - Mustard flour and meal
- Prodcom 10841255 - Prepared mustard
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
- 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 VOLUME AND VALUE
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
- 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
- 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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In April 2023, the growth pace of Prepared Mustard was the most rapid, showing a month-to-month increase of 75%. By January 2024, the value of prepared mustard imports had skyrocketed to $533K.
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In April 2023, the growth pace of Prepared Mustard was the most rapid, showing a month-to-month increase of 75%. By January 2024, the value of prepared mustard imports had skyrocketed to $533K.
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In November 2022, the prepared mustard price amounted to $4,226 per ton (CIF, Australia), picking up by 15% against the previous month.
