Report Update: May 1, 2024

New Zealand - Prepared Mustard - Market Analysis, Forecast, Size, Trends And Insights

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Prepared Mustard Price in New Zealand - 2023

Prepared Mustard Price in New Zealand (CIF) - 2023

The average prepared mustard import price stood at $4,282 per ton in September 2023, picking up by 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in November 2022 an increase of 28% m-o-m. Over the period under review, average import prices reached the maximum at $4,481 per ton in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($7,875 per ton), while the price for Australia ($2,588 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 France (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Prepared Mustard Price in New Zealand (FOB) - 2022

In 2022, the average prepared mustard export price amounted to $4,060 per ton, with an increase of 11% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared mustard export price increased by +49.5% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 64%. Over the period under review, the average export prices reached the maximum at $5,776 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($14,689 per ton), while the average price for exports to New Caledonia ($1,807 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 Malaysia (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports in New Zealand

In 2022, prepared mustard imports into New Zealand contracted to 1K tons, waning by -11.7% compared with the year before. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 11%.

In value terms, prepared mustard imports fell modestly to $3.4M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of $3.6M, and then contracted modestly in the following year.

Import of Prepared Mustard in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	1,150	875	1,121	1,067	-2.5%
United States	607	644	552	959	16.5%
France	941	950	1,253	833	-4.0%
United Kingdom	351	381	410	374	2.1%
Others	188	161	225	160	-5.2%
Total	3,237	3,010	3,562	3,393	1.6%

Top Suppliers of Prepared Mustard to New Zealand in 2022:

Australia (428.1 tons)
United States (310.7 tons)
France (184.6 tons)
United Kingdom (53.3 tons)

Prepared Mustard Exports in New Zealand

Prepared mustard exports from New Zealand soared to 12 tons in 2022, rising by 54% on the year before. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.3% against 2020 indices.

In value terms, prepared mustard exports soared to $48K in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Prepared Mustard in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	10.3	20.9	3.0	20.4	25.6%
Fiji	3.6	8.4	4.7	8.9	35.2%
Cook Islands	10.0	4.2	4.3	6.0	-15.7%
New Caledonia	2.1	2.1	2.6	3.1	13.9%
Malaysia	N/A	N/A	4.5	3.0	-33.3%
Vanuatu	2.6	1.3	2.1	2.0	-8.4%
French Polynesia	1.5	0.3	N/A	1.5	0.0%
Samoa	2.3	4.7	5.3	1.4	-15.3%
Tonga	0.2	N/A	0.2	1.1	76.5%
Others	0.2	1.6	1.2	0.4	26.0%
Total	32.8	43.6	28.0	47.8	13.4%

Top Export Markets for Prepared Mustard from New Zealand in 2022:

Australia (5.6 tons)
New Caledonia (1.7 tons)
Fiji (1.5 tons)
Vanuatu (0.7 tons)
Cook Islands (0.7 tons)
French Polynesia (0.5 tons)
Tonga (0.4 tons)
Malaysia (0.4 tons)
Samoa (0.3 tons)

Source: IndexBox Market Intelligence Platform

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

New Zealand

Data coverage:

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