China: Mustard Seed Market 2023

Mustard Seed Market Size in China

In 2022, the Chinese mustard seed market increased by 3.7% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2018; afterwards, it flattened through to 2022.

Mustard Seed Production in China

In value terms, mustard seed production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a slight setback. The pace of growth was the most pronounced in 2017 with an increase of 218% against the previous year. Mustard seed production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The average yield of mustard seed in China contracted to X kg per ha in 2022, standing approx. at the previous year. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by 1.5% against the previous year. The mustard seed yield peaked at X kg per ha in 2018; however, from 2019 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the mustard seed harvested area in China declined modestly to X ha, remaining relatively unchanged against the year before. In general, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 3.1%. The mustard seed harvested area peaked at X ha in 2021, and then fell slightly in the following year.

Mustard Seed Exports

Exports from China

Mustard seed exports from China skyrocketed to X tons in 2022, growing by 97% against 2021. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 168%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, mustard seed exports surged to $X in 2022. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 143%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Venezuela (X tons), South Korea (X tons) and Vietnam (X tons) were the main destinations of mustard seed exports from China, together comprising 75% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +44.3%), while the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X) emerged as the key foreign market for mustard seed exports from China, comprising 52% of total exports. The second position in the ranking was held by South Korea ($X), with a 23% share of total exports. It was followed by Malaysia, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value to Venezuela was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+7.8% per year) and Malaysia (+13.8% per year).

Export Prices by Country

The average mustard seed export price stood at $X per ton in 2022, waning by -4% against the previous year. Over the period under review, the export price saw a mild setback. The growth pace was the most rapid in 2017 when the average export price increased by 97% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Mustard Seed Imports

Imports into China

In 2022, mustard seed imports into China soared to X tons, increasing by 70% on the previous year. Overall, imports saw a significant increase. The growth pace was the most rapid in 2013 with an increase of 534%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, mustard seed imports skyrocketed to $X in 2022. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2017 with an increase of 414% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

India (X tons), Canada (X tons) and the United States (X tons) were the main suppliers of mustard seed imports to China, with a combined 99.9% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +144.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Canada ($X) and the United States ($X) were the largest mustard seed suppliers to China.

In terms of the main suppliers, India, with a CAGR of +143.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mustard seed import price amounted to $X per ton, rising by 17% against the previous year. Over the period under review, the import price, however, showed a deep slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+28.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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