CIS: Mustard Seed Market 2022

Mustard Seed Market Size in CIS

The CIS mustard seed market surged to $X in 2021, growing by X% against the previous year. In general, consumption continues to indicate resilient growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Mustard Seed Production in CIS

In value terms, mustard seed production surged to $X in 2021 estimated in export prices. Over the period under review, production showed buoyant growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Russia (X tonnes) constituted the country with the largest volume of mustard seed production, comprising approx. X% of total volume. Moreover, mustard seed production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan (X tonnes), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume in Russia stood at +X%.

The average mustard seed yield rose significantly to X kg per ha in 2021, with an increase of X% compared with 2020. The yield indicated strong growth from 2012 to 2021: its figure increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mustard seed yield increased by +X% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the yield attained the peak level of X kg per ha. From 2018 to 2021, the growth of the mustard seed 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 total area harvested in terms of mustard seed production in the CIS soared to X ha, picking up by X% compared with the previous year's figure. In general, the harvested area enjoyed a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to mustard seed production reached the maximum at X ha in 2019; however, from 2020 to 2021, the harvested area remained at a lower figure.

Production By Country in CIS

The country with the largest volume of mustard seed production was Russia (X tonnes), comprising approx. X% of total volume. Moreover, mustard seed production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan (X tonnes), tenfold.

From 2012 to 2021, the average annual growth rate of volume in Russia totaled +X%.

Mustard Seed Exports

Exports in CIS

In 2021, the amount of mustard seed exported in the CIS rose markedly to X tonnes, growing by X% on the previous year. Over the period under review, exports saw resilient growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, mustard seed exports skyrocketed to $X in 2021. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia dominates mustard seed exports structure, accounting for X tonnes, which was near X% of total exports in 2021. It was distantly followed by Kazakhstan (X tonnes), constituting a X% share of total exports. Moldova (X tonnes) followed a long way behind the leaders.

Exports from Russia increased at an average annual rate of +X% from 2012 to 2021. At the same time, Kazakhstan (+X%) and Moldova (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +X% from 2012-2021. percentage points. Russia (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Russia, mustard seed exports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (+X% per year) and Moldova (+X% per year).

Export Prices by Country

The mustard seed export price in the CIS stood at $X per tonne in 2021, rising by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Moldova ($X per tonne), while Kazakhstan ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the other leaders experienced mixed trends in the export price figures.

Mustard Seed Imports

Imports in CIS

In 2021, supplies from abroad of mustard seed decreased by -X% to X tonnes, falling for the third year in a row after five years of growth. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked at X tonnes in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, mustard seed imports totaled $X in 2021. Overall, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tonnes) was the main importer of mustard seed, committing X% of total imports. It was distantly followed by Moldova (X tonnes) and Belarus (X tonnes), together achieving a X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belarus (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mustard seed importing markets in the CIS were Russia ($X), Moldova ($X) and Belarus ($X), together accounting for X% of total imports.

In terms of the main importing countries, Belarus, with a CAGR of +X%, saw 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 2021, the mustard seed import price in the CIS amounted to $X per tonne, picking up by X% against the previous year. In general, the import price, however, saw a slight curtailment. Over the period under review, import prices reached the peak figure at $X per tonne in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Russia ($X per tonne), while Belarus ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform