EU: Mustard Seed Market 2023

Mustard Seed Market Size in the EU

In 2021, the EU mustard seed market decreased by -3.4% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped modestly in the following year.

Mustard Seed Production in the EU

In value terms, mustard seed production contracted slightly to $X in 2021 estimated in export price. The total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +40.3% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of 35% against the previous year. The level of production peaked at $X in 2020, and then dropped in the following year.

France (X tons) remains the largest mustard seed producing country in the European Union, comprising approx. 46% of total volume. Moreover, mustard seed production in France exceeded the figures recorded by the second-largest producer, Germany (X tons), threefold. The third position in this ranking was held by the Czech Republic (X tons), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in France totaled +6.8%. In the other countries, the average annual rates were as follows: Germany (-1.8% per year) and the Czech Republic (-9.0% per year).

The average mustard seed yield contracted to X tons per ha in 2021, which is down by -2.5% on 2020. The yield figure increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 13%. Over the period under review, the mustard seed yield attained the maximum level at X tons per ha in 2020, and then reduced slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the mustard seed harvested area in the European Union dropped slightly to X ha, stabilizing at the previous year's figure. Over the period under review, the harvested area saw a perceptible decrease. The pace of growth was the most pronounced in 2014 when the harvested area increased by 10%. As a result, the harvested area attained the peak level of X ha. From 2015 to 2021, the growth of the mustard seed harvested area remained at a somewhat lower figure.

Mustard Seed Exports

Exports in the EU

In 2021, shipments abroad of mustard seed increased by 12% to X tons, rising for the third consecutive year after four years of decline. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 20%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, mustard seed exports surged to $X in 2021. Total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.2% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons), distantly followed by Belgium (X tons), Poland (X tons), the Netherlands (X tons) and the Czech Republic (X tons) were the key exporters of mustard seed, together making up 89% of total exports. The following exporters - Romania (X tons) and Estonia (X tons) - each accounted for a 6.1% share of total exports.

From 2012 to 2021, the biggest increases were in Estonia (with a CAGR of +86.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest mustard seed supplying countries in the European Union were Germany ($X), Poland ($X) and Belgium ($X), with a combined 68% share of total exports. These countries were followed by the Netherlands, the Czech Republic, Romania and Estonia, which together accounted for a further 26%.

Among the main exporting countries, Estonia, with a CAGR of +70.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, increasing by 11% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Romania ($X per ton), while Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.9%), while the other leaders experienced more modest paces of growth.

Mustard Seed Imports

Imports in the EU

After three years of growth, supplies from abroad of mustard seed decreased by -7.4% to X tons in 2021. The total import volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 23% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then reduced in the following year.

In value terms, mustard seed imports soared to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.3% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 31% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons) and France (X tons) were the largest importers of mustard seed in 2021, resulting at approx. 30% and 27% of total imports, respectively. Belgium (X tons) ranks next in terms of the total imports with a 12% share, followed by Poland (11%) and the Netherlands (6.9%). The following importers - Romania (X tons) and Hungary (X tons) - each accounted for a 4.2% 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 Poland (with a CAGR of +13.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mustard seed importing markets in the European Union were Germany ($X), France ($X) and Belgium ($X), with a combined 69% share of total imports. These countries were followed by Poland, the Netherlands, Romania and Hungary, which together accounted for a further 22%.

In terms of the main importing countries, Poland, with a CAGR of +14.4%, 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

The import price in the European Union stood at $X per ton in 2021, rising by 26% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Hungary ($X per ton) and Romania ($X per ton), while Poland ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+1.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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