Hungary: Mustard Seed Market 2024

Mustard Seed Market Size in Hungary

The Hungarian mustard seed market skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption enjoyed a buoyant expansion. Mustard seed consumption peaked in 2022 and is expected to retain growth in the near future.

Mustard Seed Production in Hungary

In value terms, mustard seed production rose modestly to $X in 2022 estimated in export price. Over the period under review, production saw a slight downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

The average yield of mustard seed in Hungary amounted to X kg per ha in 2022, almost unchanged from the previous year. In general, the yield showed a moderate increase. The pace of growth appeared the most rapid in 2015 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the average mustard seed 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 total area harvested in terms of mustard seed production in Hungary fell to X ha, remaining stable against 2021. Overall, the harvested area saw a noticeable reduction. The growth pace was the most rapid in 2014 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the mustard seed harvested area remained at a lower figure.

Mustard Seed Exports

Exports from Hungary

In 2022, overseas shipments of mustard seed decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, exports recorded a deep reduction. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, mustard seed exports dropped modestly to $X in 2022. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Austria (X tons) and Slovakia (X tons) were the main destinations of mustard seed exports from Hungary, with a combined X% share of total exports. France, Romania, Italy and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Slovakia ($X) were the largest markets for mustard seed exported from Hungary worldwide, with a combined X% share of total exports. France, Romania, Italy and Poland lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Italy, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average mustard seed export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mustard Seed Imports

Imports into Hungary

Mustard seed imports into Hungary surged to X tons in 2022, with an increase of X% against the year before. Over the period under review, imports saw a tangible increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, mustard seed imports soared to $X in 2022. In general, imports continue to indicate tangible growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X tons), Slovakia (X tons) and Ukraine (X tons) were the main suppliers of mustard seed imports to Hungary, with a combined X% share of total imports. Russia, Moldova, Austria, Germany, Serbia and Romania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Moldova (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Slovakia ($X) and Ukraine ($X) appeared to be the largest mustard seed suppliers to Hungary, together accounting for X% of total imports. Russia, Moldova, Austria, Germany, Romania and Serbia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Moldova, with a CAGR of X%, recorded 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 average mustard seed import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a modest expansion 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, mustard seed import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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