China: Mustard Seed Market Overview 2021

Mustard Seed Market Size in China

The Chinese mustard seed market stood at $X in 2019, increasing by X% against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs in 2019 and is expected to retain growth in years to come.

Mustard Seed Production in China

In value terms, mustard seed production amounted to $X in 2019 estimated in export prices. Overall, production recorded a prominent expansion. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Mustard seed production peaked in 2019 and is expected to retain growth in years to come.

The average yield of mustard seed in China reached X kg per ha in 2019, approximately mirroring the previous year. In general, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The mustard seed yield peaked in 2019 and is expected to retain 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 2019, approx. X ha of mustard seed were harvested in China; approximately equating the previous year's figure. Overall, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to mustard seed production attained the maximum at X ha in 2010; however, from 2011 to 2019, the harvested area failed to regain the momentum.

Mustard Seed Exports

Exports from China

In 2019, overseas shipments of mustard seed increased by X% to X tonnes, rising for the second consecutive year after two years of decline. In general, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2009; however, from 2010 to 2019, exports remained at a lower figure.

In value terms, mustard seed exports totaled $X in 2019. Overall, exports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Exports peaked at $X in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

Exports by Country

Japan (X tonnes) was the main destination for mustard seed exports from China, with a X% share of total exports. Moreover, mustard seed exports to Japan exceeded the volume sent to the second major destination, France (X tonnes), twofold. South Korea (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and South Korea (-X% per year).

In value terms, the largest markets for mustard seed exported from China were Japan ($X), South Korea ($X) and Malaysia ($X), together comprising X% of total exports. France, Singapore and Canada lagged somewhat behind, together comprising a further X (+X% per year) recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average mustard seed export price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the export price, however, posted a prominent increase. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per tonne in 2018, and then shrank slightly in the following year.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Malaysia ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Mustard Seed Imports

Imports into China

In 2019, overseas purchases of mustard seed increased by X% to X tonnes, rising for the seventh consecutive year after four years of decline. Overall, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mustard seed imports skyrocketed to $X in 2019. In general, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2019, Myanmar (X tonnes) was the main mustard seed supplier to China, with a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from Myanmar amounted to +X%.

In value terms, Myanmar ($X) constituted the largest supplier of mustard seed to China.

From 2007 to 2019, the average annual rate of growth in terms of value from Myanmar totaled +X%.

Import Prices by Country

In 2019, the average mustard seed import price amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, the import price saw a perceptible contraction. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. The import price peaked at $X per tonne in 2016; however, from 2017 to 2019, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Myanmar.

From 2007 to 2019, the rate of growth in terms of prices for Myanmar amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

+

Nepal (212K tonnes) constituted the country with the largest volume of mustard seed consumption, comprising approx. 29% of total volume. Moreover, mustard seed consumption in Nepal exceeded the figures recorded by the second-largest consumer, the U.S. (86K tonnes), twofold. Russia (76K tonnes) ranked third in terms of total consumption with a 10% share.

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

+

The countries with the highest volumes of mustard seed production in 2019 were Nepal (188K tonnes), Canada (179K tonnes) and Russia (118K tonnes), with a combined 64% share of global production. Myanmar, India, Ukraine, the U.S. and France lagged somewhat behind, together comprising a further 24%.

What are the leading suppliers of mustard seed to China?

+

In value terms, Myanmar ($620K) constituted the largest supplier of mustard seed to China.

What are the leading importers of mustard seed from China?

+

In value terms, the largest markets for mustard seed exported from China were Japan ($36K), South Korea ($31K) and Malaysia ($22K), together comprising 79% of total exports. France, Singapore and Canada lagged somewhat behind, together accounting for a further 19%.

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

+

The average mustard seed export price stood at $2,822 per tonne in 2019, declining by -2.7% against the previous year.

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

+

In 2019, the average mustard seed import price amounted to $763 per tonne, waning by -34.3% against the previous year.