Report Update: May 1, 2024

Belgium - Prepared Mustard - Market Analysis, Forecast, Size, Trends And Insights

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Prepared Mustard Price in Belgium - 2023

Prepared Mustard Price in Belgium (FOB) - 2023

In August 2023, the average prepared mustard export price amounted to $4,146 per ton, jumping by 29% against the previous month. Overall, export price indicated buoyant growth from August 2022 to August 2023: its price increased at an average monthly rate of +6.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, prepared mustard export price increased by +28.5% against July 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 42% m-o-m. Over the period under review, the average export prices reached the peak figure in August 2023.

There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Australia ($8,570 per ton), while the average price for exports to Togo ($2,132 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+90.7%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Price in Belgium (CIF) - 2022

The average prepared mustard import price stood at $1,777 per ton in 2022, picking up by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Canada ($2,153 per ton), while the price for Romania ($875 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Prepared Mustard Exports in Belgium

For the fourth consecutive year, Belgium recorded growth in shipments abroad of prepared mustard, which increased by 0.2% to 7.9K tons in 2022. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 97%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, prepared mustard exports rose rapidly to $19M in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 191%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Prepared Mustard in Belgium (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	8.2	1,711	5,636	4,704	730.9%
United Kingdom	3.3	1.6	2,342	3,328	902.8%
France	1,274	1,253	1,478	3,040	33.6%
Netherlands	940	1,124	1,347	1,717	22.2%
Australia	5.1	1,443	1,940	1,271	529.3%
Luxembourg	336	430	439	550	17.9%
Gabon	77.8	194	62.2	435	77.5%
Cameroon	15.1	330	342	403	198.8%
Israel	45.7	308	340	338	94.8%
United States	117	601	289	256	29.8%
Senegal	18.1	179	2.5	199	122.4%
Ghana	N/A	82.3	164	181	48.3%
Democratic Republic of the Congo	120	174	190	167	11.6%
Others	461	2,111	2,599	2,502	75.7%
Total	3,421	9,942	17,170	19,092	77.4%

Top Export Markets for Prepared Mustard from Belgium in 2022:

Netherlands (1778.8 tons)
Canada (1213.3 tons)
United Kingdom (1148.2 tons)
France (919.4 tons)
Gabon (310.8 tons)
Cameroon (268.8 tons)
Israel (234.0 tons)
Australia (212.7 tons)
Senegal (161.3 tons)
Luxembourg (128.0 tons)
Ghana (124.7 tons)
Democratic Republic of the Congo (109.4 tons)
United States (89.8 tons)

Prepared Mustard Imports in Belgium

In 2022, the amount of prepared mustard imported into Belgium surged to 9.1K tons, jumping by 37% against 2021. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared mustard imports skyrocketed to $16M in 2022. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Prepared Mustard in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	4.2	4.9	4.5	8.5	26.5%
Germany	0.9	1.0	2.1	2.8	46.0%
Netherlands	2.1	2.3	2.6	2.7	8.7%
Canada	N/A	0.2	0.3	0.5	58.1%
Italy	N/A	N/A	0.1	0.4	300.0%
Sweden	N/A	0.1	0.2	0.3	73.2%
Romania	0.1	0.1	0.1	0.2	26.0%
Others	0.2	0.3	0.4	0.7	51.8%
Total	7.6	9.0	10.4	16.1	28.4%

Top Suppliers of Prepared Mustard to Belgium in 2022:

France (4.1K tons)
Netherlands (2.4K tons)
Germany (1.5K tons)
Canada (0.3K tons)
Romania (0.2K tons)
Italy (0.2K tons)
Sweden (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the prepared mustard market in Belgium. 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:

Belgium

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belgium
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023