Eastern Asia: Mustard Seed Market 2024

Mustard Seed Market Size in Eastern Asia

In 2022, the East Asian mustard seed market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Mustard Seed Production in Eastern Asia

In value terms, mustard seed production reduced slightly to $X in 2022 estimated in export price. In general, production saw a mild descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The country with the largest volume of mustard seed production was China (X tons), accounting for X% of total volume.

In China, mustard seed production remained relatively stable over the period from 2012-2022.

The average mustard seed yield contracted slightly to X kg per ha in 2022, approximately mirroring 2021. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the yield increased by X% against the previous year. Over the period under review, the mustard seed yield reached the maximum level 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 harvested area of mustard seed in Eastern Asia declined to X ha, leveling off at the year before. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2021, and then declined modestly in the following year.

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Mustard Seed Exports

Exports in Eastern Asia

In 2022, approx. X tons of mustard seed were exported in Eastern Asia; increasing by X% compared with 2021 figures. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, mustard seed exports surged to $X in 2022. In general, exports posted a resilient expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China was the main exporter of mustard seed in Eastern Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Hong Kong SAR (X tons), creating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mustard seed exports from China stood at X%. At the same time, Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. China (X p.p.) and Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mustard seed supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports.

In China, mustard seed exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price saw a mild shrinkage. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Hong Kong SAR amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Mustard Seed Imports

Imports in Eastern Asia

In 2022, the amount of mustard seed imported in Eastern Asia skyrocketed to X tons, with an increase of X% against the previous year's figure. Total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mustard seed imports soared to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons) and Japan (X tons) represented roughly X% of total imports in 2022. It was distantly followed by China (X tons), committing a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X), South Korea ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, China, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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