Report Update: May 1, 2024

Russian Federation - Prepared Mustard - Market Analysis, Forecast, Size, Trends And Insights

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Prepared Mustard Price in Russia - 2022

Prepared Mustard Price in Russia (CIF) - 2022

The average prepared mustard import price stood at $1,514 per ton in January 2022, which is down by -1.7% against the previous month. Over the period from January 2021 to January 2022, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in February 2021 an increase of 10% m-o-m. The import price peaked at $1,540 per ton in December 2021, and then dropped slightly in the following month.

Average prices varied somewhat amongst the major supplying countries. In January 2022, the countries with the highest prices were Denmark ($1,843 per ton) and Finland ($1,694 per ton), while the price for Belarus ($1,247 per ton) and Poland ($1,303 per ton) were amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Prepared Mustard Price in Russia (FOB) - 2022

The average prepared mustard export price stood at $1,096 per ton in January 2022, picking up by 4.1% against the previous month. In general, the export price, however, saw a slight slump. The most prominent rate of growth was recorded in March 2021 an increase of 5.2% month-to-month. Over the period under review, the average export prices attained the maximum at $1,248 per ton in January 2021; however, from February 2021 to January 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Kazakhstan ($1,538 per ton), while the average price for exports to Tajikistan ($343 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.

Prepared Mustard Imports in Russia

After three years of growth, overseas purchases of prepared mustard decreased by -4.9% to 4.1K tons in 2022. The total import volume increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 25%.

In value terms, prepared mustard imports dropped to $5.6M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of $6M, and then dropped in the following year.

Import of Prepared Mustard in Russia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1,476	1,257	749	1,034	-11.2%
Poland	924	1,105	785	645	-11.3%
Lithuania	406	203	194	506	7.6%
China	105	44.8	27.7	136	9.0%
Finland	369	373	308	129	-29.6%
Sweden	456	401	369	89.4	-41.9%
Greece	25.9	42.3	21.8	61.0	33.0%
Netherlands	448	438	52.3	23.3	-62.7%
Belarus	502	628	471	N/A	-3.1%
Others	420	615	3,029	2,934	91.2%
Total	5,132	5,107	6,006	5,557	2.7%

Top Suppliers of Prepared Mustard to Russia in 2022:

Poland (596.9 tons)
Germany (506.8 tons)
Lithuania (480.4 tons)
Finland (189.8 tons)
Sweden (89.5 tons)
Greece (55.2 tons)
China (35.8 tons)
Netherlands (16.2 tons)

Prepared Mustard Exports in Russia

In 2022, exports of prepared mustard from Russia amounted to 2.4K tons, with an increase of 3.3% on the previous year's figure. The total export volume increased at an average annual rate of +12.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 43%. As a result, the exports attained the peak of 2.5K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, prepared mustard exports dropped slightly to $2.6M in 2022. The total export value increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 20% against the previous year.

Export of Prepared Mustard in Russia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kazakhstan	589	755	876	837	12.4%
Ukraine	291	319	369	459	16.4%
Belarus	335	420	300	313	-2.2%
Thailand	12.8	36.9	166	201	150.4%
Moldova	123	136	162	179	13.3%
Latvia	82.3	81.3	69.1	149	21.9%
Tajikistan	15.4	18.2	27.1	80.7	73.7%
Georgia	56.1	51.8	64.8	51.3	-2.9%
Uzbekistan	82.3	103	106	36.1	-24.0%
Azerbaijan	65.2	70.5	83.6	29.9	-22.9%
Israel	77.2	73.0	50.5	8.7	-51.7%
Lithuania	102	119	104	5.3	-62.7%
Others	281	356	368	293	1.4%
Total	2,112	2,539	2,746	2,643	7.8%

Top Export Markets for Prepared Mustard from Russia in 2022:

Kazakhstan (547.9 tons)
Ukraine (339.2 tons)
Belarus (322.4 tons)
Thailand (245.0 tons)
Tajikistan (236.9 tons)
Latvia (228.9 tons)
Moldova (152.4 tons)
Georgia (50.5 tons)
Uzbekistan (35.1 tons)
Azerbaijan (25.7 tons)
Israel (6.0 tons)
Lithuania (5.5 tons)

Source: IndexBox Market Intelligence Platform

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

Russia

Data coverage:

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