CIS: Mustard Seed Market 2024

Mustard Seed Market Size in CIS

In 2022, the CIS mustard seed market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption posted a significant increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Mustard Seed Production in CIS

In value terms, mustard seed production contracted markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Russia (X tons) remains the largest mustard seed producing country in the CIS, accounting for X% of total volume. Moreover, mustard seed production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Russia totaled X%.

In 2022, the average mustard seed yield in the CIS soared to X kg per ha, jumping by X% compared with 2021. In general, the yield showed a prominent increase. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the mustard seed yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of mustard seed production in the CIS shrank slightly to X ha, which is down by X% compared with the previous year's figure. Over the period under review, the harvested area, however, posted strong growth. The most prominent rate of growth was recorded in 2018 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.

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Mustard Seed Exports

Exports in CIS

In 2022, overseas shipments of mustard seed decreased by X% to X tons, falling for the second consecutive year after four years of growth. Overall, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, mustard seed exports skyrocketed to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Kazakhstan (X tons), comprising a X% share of total exports. Moldova (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mustard seed exports from Russia stood at X%. At the same time, Moldova (X%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest mustard seed supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($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 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Moldova (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price showed a strong increase. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Mustard Seed Imports

Imports in CIS

In 2022, imports of mustard seed in the CIS soared to X tons, jumping by X% compared with 2021. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mustard seed imports skyrocketed to $X in 2022. Over the period under review, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Tajikistan (X tons) represented the largest importer of mustard seed, generating X% of total imports. Moldova (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (X%) and Kazakhstan (X%). Russia (X tons) followed a long way behind the leaders.

Tajikistan was also the fastest-growing in terms of the mustard seed imports, with a CAGR of X% from 2012 to 2022. At the same time, Kazakhstan (X%), Belarus (X%), Moldova (X%) and Russia (X%) displayed positive paces of growth. Tajikistan (X p.p.) and Kazakhstan (X p.p.) significantly strengthened its position in terms of the total imports, while Russia and Moldova saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In terms of the main importing countries, Tajikistan, 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

In 2022, the import price in the CIS amounted to $X per ton, falling by X% against the previous year. Overall, the import price recorded a abrupt descent. The pace of growth was the most pronounced in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Tajikistan ($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 more modest paces of growth.

Source: IndexBox Platform

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