Central Asia: Mustard Seed Market 2024

Mustard Seed Market Size in Central Asia

In 2022, the Central Asian mustard seed market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption recorded prominent growth. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Mustard Seed Production in Central Asia

In value terms, mustard seed production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Kazakhstan (X tons) remains the largest mustard seed producing country in Central Asia, comprising approx. X% of total volume.

In Kazakhstan, mustard seed production expanded at an average annual rate of X% over the period from 2012-2022.

The average mustard seed yield soared to X tons per ha in 2022, picking up by X% against the year before. Over the period under review, the yield saw prominent growth. As a result, the yield reached the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of mustard seed in Central Asia rose to X ha, with an increase of X% against the year before. In general, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area failed to regain momentum.

Mustard Seed Exports

Exports in Central Asia

In 2022, shipments abroad of mustard seed increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, mustard seed exports surged to $X in 2022. Over the period under review, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Kazakhstan (X tons) represented the key exporter of mustard seed in Central Asia, committing X% of total export.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of exports of mustard seed. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest mustard seed supplier in Central Asia.

In Kazakhstan, mustard seed exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Mustard Seed Imports

Imports in Central Asia

In 2022, supplies from abroad of mustard seed increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, mustard seed imports skyrocketed to $X in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

Tajikistan prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2022. Mongolia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (X%).

From 2012 to 2022, average annual rates of growth with regard to mustard seed imports into Tajikistan stood at X%. At the same time, Mongolia (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. While the share of Tajikistan (X p.p.) and Mongolia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Tajikistan ($X) constitutes the largest market for imported mustard seed in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Mongolia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Tajikistan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, falling by X% against the previous year. In general, the import price showed a deep setback. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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