
China - Mustard Seed - Market Analysis, Forecast, Size, Trends and Insights
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China: Mustard Seed Market 2022
Mustard Seed Market Size in China
In 2021, the Chinese mustard seed market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.
Mustard Seed Production in China
In value terms, mustard seed production totaled $X in 2021 estimated in export prices. Over the period under review, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.
In 2021, the average mustard seed yield in China reduced slightly to X kg per ha, stabilizing at the previous year. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by X% y-o-y. The mustard seed yield peaked at X kg per ha in 2017; however, from 2018 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2021, the harvested area of mustard seed in China reached X ha, almost unchanged from 2020 figures. In general, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. The mustard seed harvested area peaked at X ha in 2015; however, from 2016 to 2021, the harvested area failed to regain momentum.
Mustard Seed Exports
Exports from China
In 2021, shipments abroad of mustard seed increased by X% to X tonnes for the first time since 2015, thus ending a five-year declining trend. In general, exports, however, continue to indicate a abrupt descent. The exports peaked at X tonnes in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.
In value terms, mustard seed exports amounted to $X in 2021. Overall, exports, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
France (X tonnes) was the main destination for mustard seed exports from China, accounting for a X% share of total exports. Moreover, mustard seed exports to France exceeded the volume sent to the second major destination, South Korea (X tonnes), more than tenfold.
From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Japan (+X% per year).
In value terms, France ($X) emerged as the key foreign market for mustard seed exports from China, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports.
From 2012 to 2021, the average annual growth rate of value to France stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and South Korea (+X% per year).
Export Prices by Country
The average mustard seed export price stood at $X per tonne in 2021, dropping by -X% against the previous year. In general, the export price, however, recorded tangible growth. The pace of growth appeared the most rapid in 2020 an increase of X% y-o-y. As a result, the export price attained the peak level of $X per tonne, and then dropped remarkably in the following year.
There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Japan ($X per tonne), while the average price for exports to South Korea ($X per tonne) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+X%), while the prices for the other major destinations experienced a decline.
Mustard Seed Imports
Imports into China
Mustard seed imports into China totaled X tonnes in 2021, surging by X% on the previous year. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.
In value terms, mustard seed imports dropped sharply to $X in 2021. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.
Imports by Country
Russia (X tonnes), Myanmar (X tonnes) and Canada (X tonnes) were the main suppliers of mustard seed imports to China, with a combined X% share of total imports. The United States and South Korea lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (+X%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Russia ($X), Canada ($X) and Myanmar ($X) appeared to be the largest mustard seed suppliers to China, with a combined X% share of total imports. The United States and South Korea lagged somewhat behind, together comprising a further X the main suppliers, South Korea, with a CAGR of +X%, recorded the highest growth rate of 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
The average mustard seed import price stood at $X per tonne in 2021, with a decrease of -X% against the previous year. In general, the import price showed a pronounced contraction. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne, and then declined sharply in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per tonne), while the price for Russia ($X per tonne) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+X%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tonnes |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the mustard seed market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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