Asia: Mustard Seed Market Overview 2021

Mustard Seed Market Size in Asia

The Asian mustard seed market was estimated at $X in 2020, stabilizing at the previous year. Over the period under review, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2009 to 2020, the growth of the market failed to regain the momentum.

Mustard Seed Production in Asia

In value terms, mustard seed production totaled $X in 2020 estimated in export prices. in general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2009; however, from 2010 to 2020, production stood at a somewhat lower figure.

Nepal (X tonnes) remains the largest mustard seed producing country in Asia, accounting for X% of total volume. Moreover, mustard seed production in Nepal exceeded the figures recorded by the second-largest producer, India (X tonnes), fivefold. The third position in this ranking was occupied by Myanmar (X tonnes), with a X% share.

In Nepal, mustard seed production increased at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Myanmar (-X% per year).

In 2020, the average mustard seed yield in Asia contracted to X tonnes per ha, waning by -X% compared with 2019. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the mustard seed yield hit record highs at X tonnes per ha in 2017; however, from 2018 to 2020, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of mustard seed production in Asia reached X ha, picking up by X% compared with the previous year. Overall, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. The level of harvested area peaked at X ha in 2010; however, from 2011 to 2020, the harvested area stood at a somewhat lower figure.

Production by Country in Asia

Nepal (X tonnes) constituted the country with the largest volume of mustard seed production, comprising approx. X% of total volume. Moreover, mustard seed production in Nepal exceeded the figures recorded by the second-largest producer, India (X tonnes), fivefold. Myanmar (X tonnes) ranked third in terms of total production with a X% share.

In Nepal, mustard seed production expanded at an average annual rate of +X% over the period from 2007-2020. in the other countries, the average annual rates were as follows: India (+X% per year) and Myanmar (-X% per year).

Mustard Seed Exports

Exports in Asia

In 2020, the amount of mustard seed exported in Asia rose significantly to X tonnes, growing by X% on 2019 figures. Overall, exports saw prominent growth. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. The volume of export peaked in 2020 and is likely to see gradual growth in the near future.

In value terms, mustard seed exports surged to $X in 2020. Over the period under review, exports saw prominent growth. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. The level of export peaked in 2020 and is expected to retain growth in years to come.

Exports by Country

India was the key exporter of mustard seed in Asia, with the volume of exports finishing at X tonnes, which was approx. X% of total exports in 2020. It was distantly followed by Kazakhstan (X tonnes), mixing up a X% share of total exports.

Exports from India increased at an average annual rate of +X% from 2007 to 2020. at the same time, Kazakhstan (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Kazakhstan increased by +X% percentage points, while India (-X p.p.) saw their share reduced.

In value terms, India ($X) remains the largest mustard seed supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value in India totaled +X%.

Export Prices by Country

The mustard seed export price in Asia stood at $X per tonne in 2020, picking up by X% against the previous year. Overall, the export price, however, saw a mild downturn. Over the period under review, export prices attained the peak figure at $X per tonne in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. in 2020, the country with the highest price was India ($X per tonne), while Kazakhstan totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India.

Mustard Seed Imports

Imports in Asia

In 2020, the amount of mustard seed imported in Asia soared to X tonnes, jumping by X% against the previous year. in general, imports enjoyed a notable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mustard seed imports surged to $X in 2020. Total imports indicated a resilient expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. The level of import peaked in 2020 and is likely to continue growth in the near future.

Imports by Country

Nepal was the key importing country with an import of about X tonnes, which accounted for X% of total imports. Bangladesh (X tonnes) occupied a X% share (based on tonnes) of total imports, which put it in second place, followed by Japan (X%). Sri Lanka (X tonnes), Thailand (X tonnes), South Korea (X tonnes) and the United Arab Emirates (X tonnes) followed a long way behind the leaders.

Nepal was also the fastest-growing in terms of the mustard seed imports, with a CAGR of +X% from 2007 to 2020. at the same time, Bangladesh (+X%), Sri Lanka (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. by contrast, Japan (-X%), Thailand (-X%) and South Korea (-X%) illustrated a downward trend over the same period. Nepal (+X p.p.) and Bangladesh (+X p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Thailand and Japan saw its share reduced by -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nepal ($X) constitutes the largest market for imported mustard seed in Asia, comprising X% of total imports. The second position in the ranking was occupied by Bangladesh ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Nepal amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+X% per year) and Japan (+X% per year).

Import Prices by Country

In 2020, the mustard seed import price in Asia amounted to $X per tonne, stabilizing at the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the import price increased by X% year-to-year. Over the period under review, import prices hit record highs at $X per tonne in 2010; however, from 2011 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while Bangladesh ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform