Israel: Mustard Seed Market 2022

Mustard Seed Market Size in Israel

The Israeli mustard seed market fell to $X in 2021, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted resilient growth. Mustard seed consumption peaked at $X in 2020, and then contracted slightly in the following year.

Mustard Seed Exports

Exports from Israel

Mustard seed exports from Israel declined sharply to X tonnes in 2021, with a decrease of -X% on 2020. Over the period under review, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tonnes. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, mustard seed exports contracted rapidly to $X in 2021. Overall, exports, however, showed buoyant growth. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Iceland (X tonnes) was the main destination for mustard seed exports from Israel, with a X% share of total exports. Moreover, mustard seed exports to Iceland exceeded the volume sent to the second major destination, Canada (X tonnes), twofold.

From 2012 to 2021, the average annual growth rate of volume to Iceland amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Switzerland (X% per year).

In value terms, Canada ($X) remains the key foreign market for mustard seed exports from Israel, comprising X% of total exports. The second position in the ranking was occupied by Iceland ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+X% per year) and Switzerland (X% per year).

Export Prices by Country

In 2021, the average mustard seed export price amounted to $X per tonne, leveling off at the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per tonne in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Canada ($X per tonne), while the average price for exports to Iceland ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Mustard Seed Imports

Imports into Israel

In 2021, purchases abroad of mustard seed increased by X% to X tonnes, rising for the third consecutive year after two years of decline. Over the period under review, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, mustard seed imports shrank to $X in 2021. In general, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +X% 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 +X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% year-to-year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2021, the United States (X tonnes) constituted the largest supplier of mustard seed to Israel, accounting for a X% share of total imports. Moreover, mustard seed imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tonnes), twofold. The third position in this ranking was occupied by Ukraine (X tonnes), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Ukraine (+X% per year).

In value terms, the largest mustard seed suppliers to Israel were the United States ($X), India ($X) and Ukraine ($X), together comprising X% of total imports.

Among the main suppliers, Ukraine, 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

In 2021, the average mustard seed import price amounted to $X per tonne, waning by -X% against the previous year. Overall, the import price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Ukraine ($X per tonne), while the price for the United States ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform