Argentina: Mustard Seed Market Overview 2021

Mustard Seed Market Size in Argentina

In 2019, after two years of growth, there was significant decline in the Argentinian mustard seed market, when its value decreased by -X% to $X. Overall, consumption continues to indicate a perceptible decline. The growth pace was the most rapid in 2011 when the market value increased by X% year-to-year. Mustard seed consumption peaked at $X in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.

Mustard Seed Exports

Exports from Argentina

In 2019, overseas shipments of mustard seed decreased by -X% to X kg, falling for the ninth year in a row after four years of growth. In general, exports showed a significant decline. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2010; however, from 2011 to 2019, exports remained at a lower figure.

In value terms, mustard seed exports contracted to $X in 2019. Overall, exports faced a dramatic decline. The smallest decline of -X% was in 2011. Over the period under review, exports attained the maximum at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for mustard seed exports from Argentina, with a X% share of total exports. It was followed by Macedonia (X kg), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to the Netherlands amounted to -X%.

In value terms, the Netherlands ($X) remains the key foreign market for mustard seed exports from Argentina, comprising X% of total exports. The second position in the ranking was occupied by Macedonia ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to the Netherlands totaled -X%.

Export Prices by Country

The average mustard seed export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. In general, the export price showed a deep reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

Average prices varied noticeably for the major export markets. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Macedonia totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Macedonia.

Mustard Seed Imports

Imports into Argentina

In 2019, after two years of growth, there was significant decline in purchases abroad of mustard seed, when their volume decreased by -X% to X tonnes. Over the period under review, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

In value terms, mustard seed imports fell to $X in 2019. In general, imports saw a mild setback. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Canada (X tonnes) constituted the largest mustard seed supplier to Argentina, accounting for a X% share of total imports. Moreover, mustard seed imports from Canada exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), fivefold. The Czech Republic (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Canada amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and the Czech Republic (+X% per year).

In value terms, Canada ($X) constituted the largest supplier of mustard seed to Argentina, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Canada amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and the Czech Republic (+X% per year).

Import Prices by Country

In 2019, the average mustard seed import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2009; however, from 2010 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Czech Republic ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mustard seed in the world?

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The countries with the highest volumes of mustard seed consumption in 2019 were Nepal (234K tonnes), Russia (123K tonnes) and the U.S. (77K tonnes), with a combined 59% share of global consumption. These countries were followed by France, Myanmar, Germany, China, Canada, Poland, Ukraine and the Netherlands, which together accounted for a further 29%.

What are the largest producers of mustard seed in the world?

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The countries with the highest volumes of mustard seed production in 2019 were Nepal (210K tonnes), Russia (165K tonnes) and Canada (135K tonnes), together comprising 67% of global production.

What are the leading suppliers of mustard seed to Argentina?

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In value terms, Canada ($509K) constituted the largest supplier of mustard seed to Argentina, comprising 71% of total imports. The second position in the ranking was occupied by Germany ($116K), with a 16% share of total imports. It was followed by the Czech Republic, with a 8% share.

What are the leading importers of mustard seed from Argentina?

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In value terms, the Netherlands ($522) remains the key foreign market for mustard seed exports from Argentina, comprising 98% of total exports. The second position in the ranking was occupied by Macedonia ($11), with a 2.1% share of total exports.

What is the average export price for mustard seed in Argentina?

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In 2019, the average mustard seed export price amounted to $1,127 per tonne, declining by -1.6% against the previous year.

What is the average import price for mustard seed in Argentina?

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In 2019, the average mustard seed import price amounted to $1,124 per tonne, which is down by -2.3% against the previous year.