GCC: Prepared Mustard Market 2024

Prepared Mustard Market Size in GCC

The GCC prepared mustard market reached $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Prepared Mustard Production in GCC

In value terms, prepared mustard production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Prepared Mustard Exports

Exports in GCC

In 2022, the amount of prepared mustard exported in GCC soared to X tons, with an increase of X% on the previous year's figure. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, prepared mustard exports surged to $X in 2022. Over the period under review, exports posted significant growth. 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 maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The shipments of the one major exporters of prepared mustard, namely the United Arab Emirates, represented more than two-thirds of total export.

The United Arab Emirates was also the fastest-growing in terms of the prepared mustard exports, with a CAGR of X% from 2012 to 2022. While the share of the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest prepared mustard supplier in GCC.

In the United Arab Emirates, prepared mustard exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, dropping by X% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price 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, prepared mustard export price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Prepared Mustard Imports

Imports in GCC

In 2022, purchases abroad of prepared mustard decreased by X% to X tons, falling for the second year in a row after four years of growth. Overall, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, prepared mustard imports contracted to $X in 2022. Total imports indicated a strong expansion 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 decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the largest importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Kuwait (X tons) and Oman (X tons), together comprising a X% share of total imports. Qatar (X tons) and Bahrain (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Qatar (X%), Kuwait (X%) and Oman (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. Bahrain experienced a relatively flat trend pattern. Kuwait (X p.p.), the United Arab Emirates (X p.p.), Oman (X p.p.) and Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while Bahrain saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest prepared mustard importing markets in GCC were the United Arab Emirates ($X), Kuwait ($X) and Oman ($X), together comprising X% of total imports.

Oman, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 GCC amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 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 Bahrain ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :