Report Latin America and the Caribbean - Mustard Seed - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: May 20, 2022

Latin America and the Caribbean - Mustard Seed - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Mustard Seed Market 2022

Mustard Seed Market Size in Latin America and the Caribbean

In 2021, the Latin American mustard seed market decreased by -X% to $X, falling for the fourth year in a row after two years of growth. In general, consumption, however, saw a abrupt curtailment. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Mustard Seed Production in Latin America and the Caribbean

In value terms, mustard seed production dropped modestly to $X in 2021 estimated in export prices. Over the period under review, production, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Uruguay (X tonnes) remains the largest mustard seed producing country in Latin America and the Caribbean, comprising approx. X% of total volume.

In Uruguay, mustard seed production remained relatively stable over the period from 2012-2021.

The average mustard seed yield dropped to X tonnes per ha in 2021, therefore, remained relatively stable against the previous year's figure. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, the mustard seed yield attained the maximum level at X tonnes per ha in 2020, and then dropped 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, approx. X ha of mustard seed were harvested in Latin America and the Caribbean; flattening at the previous year's figure. In general, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, the harvested area reached the peak level of X ha. From 2015 to 2021, the growth of the mustard seed harvested area failed to regain momentum.

Production By Country in Latin America and the Caribbean

Uruguay (X tonnes) remains the largest mustard seed producing country in Latin America and the Caribbean, accounting for X% of total volume.

In Uruguay, mustard seed production remained relatively stable over the period from 2012-2021.

Mustard Seed Exports

Exports in Latin America and the Caribbean

Mustard seed exports soared to X tonnes in 2021, picking up by X% compared with 2020. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, mustard seed exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% y-o-y. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Uruguay (X tonnes), together resulting at X% of total export.

Uruguay was also the fastest-growing in terms of the mustard seed exports, with a CAGR of +X% from 2012 to 2021. Uruguay (+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, Uruguay ($X) also remains the largest mustard seed supplier in Latin America and the Caribbean.

In Uruguay, mustard seed exports declined by an average annual rate of -X% over the period from 2012-2021.

Export Prices by Country

In 2021, the mustard seed export price in Latin America and the Caribbean amounted to $X per tonne, falling by -X% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2018 an increase of X% y-o-y. The level of export peaked at $X per tonne in 2012; however, from 2013 to 2021, 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 Uruguay.

From 2012 to 2021, the rate of growth in terms of prices for Uruguay amounted to -X% per year.

Mustard Seed Imports

Imports in Latin America and the Caribbean

For the sixth consecutive year, LatAmerica and the Caribbean recorded growth in overseas purchases of mustard seed, which increased by X% to X tonnes in 2021. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, mustard seed imports skyrocketed to $X in 2021. Total imports indicated a prominent expansion 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 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil represented the major importer of mustard seed in Latin America and the Caribbean, with the volume of imports resulting at X tonnes, which was approx. X% of total imports in 2021. Mexico (X tonnes) occupied an X% share (based on tonnes) of total imports, which put it in second place, followed by Peru (X%), Ecuador (X%), Bolivia (X%) and Argentina (X%). The following importers - Guatemala (X tonnes) and Uruguay (X tonnes) - each accounted for a X% share of total imports.

Imports into Brazil increased at an average annual rate of +X% from 2012 to 2021. At the same time, Uruguay (+X%), Mexico (+X%), Ecuador (+X%), Peru (+X%), Bolivia (+X%) and Guatemala (+X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. Argentina experienced a relatively flat trend pattern. From 2012 to 2021, the share of Brazil, Mexico, Ecuador and Uruguay increased by +X, +X, +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported mustard seed in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Brazil stood at +X%. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and Peru (+X% per year).

Import Prices by Country

In 2021, the mustard seed import price in Latin America and the Caribbean amounted to $X per tonne, stabilizing at the previous year. In general, the import price, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2014 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Uruguay ($X per tonne), while Mexico ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for mustard seed in LatAmerica and the Caribbean?
+
The country with the largest volume of mustard seed consumption was Brazil, comprising approx. 35% of total volume. Moreover, mustard seed consumption in Brazil exceeded the figures recorded by the second-largest consumer, Uruguay, twofold. Mexico ranked third in terms of total consumption with a 16% share.
What are the largest producers of mustard seed in LatAmerica and the Caribbean?
+
The country with the largest volume of mustard seed production was Uruguay, comprising approx. 98% of total volume.
What are the leading exporters of mustard seed in LatAmerica and the Caribbean?
+
In value terms, Uruguay remains the largest mustard seed supplier in Latin America and the Caribbean.
What are the leading importers of mustard seed in LatAmerica and the Caribbean?
+
In value terms, Brazil constitutes the largest market for imported mustard seed in Latin America and the Caribbean, comprising 45% of total imports. The second position in the ranking was occupied by Mexico, with a 9.9% share of total imports. It was followed by Peru, with a 9.1% share.
What is the average export price for mustard seed in LatAmerica and the Caribbean?
+
The mustard seed export price in Latin America and the Caribbean stood at $522 per tonne in 2021, shrinking by -4.1% against the previous year.
What is the average import price for mustard seed in LatAmerica and the Caribbean?
+
The mustard seed import price in Latin America and the Caribbean stood at $902 per tonne in 2021, approximately reflecting the previous year.

This report provides an in-depth analysis of the mustard seed market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 292 - Mustard seed
Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2007–2021
Table 6:
Harvested Area, By Country, 2007–2021
Table 7:
Yield, By Country, 2007–2021
Table 8:
Imports, In Physical Terms, By Country, 2007–2021
Table 9:
Imports, In Value Terms, By Country, 2007–2021
Table 10:
Import Prices, By Country Of Destination, 2007–2021
Table 11:
Exports, In Physical Terms, By Country, 2007–2021
Table 12:
Exports, In Value Terms, By Country, 2007–2021
Table 13:
Export Prices, By Country Of Origin, 2007–2021
Table 14:
Producer Prices, By Major Producing Country, 2021
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2021
Figure 18:
Production, In Value Terms, 2007–2021
Figure 19:
Area Harvested, 2007–2021
Figure 20:
Yield, 2007–2021
Figure 21:
Production, By Country, 2021
Figure 22:
Production, In Physical Terms, By Country, 2007–2021
Figure 23:
Harvested Area, By Country, 2021
Figure 24:
Harvested Area, By Country, 2007–2021
Figure 25:
Yield, By Country, 2007–2021
Figure 26:
Imports, In Physical Terms, 2007–2021
Figure 27:
Imports, In Value Terms, 2007–2021
Figure 28:
Imports, In Physical Terms, By Country, 2021
Figure 29:
Imports, In Physical Terms, By Country, 2007–2021
Figure 30:
Imports, In Value Terms, By Country, 2007–2021
Figure 31:
Import Prices, By Country, 2007–2021
Figure 32:
Exports, In Physical Terms, 2007–2021
Figure 33:
Exports, In Value Terms, 2007–2021
Figure 34:
Exports, In Physical Terms, By Country, 2021
Figure 35:
Exports, In Physical Terms, By Country, 2007–2021
Figure 36:
Exports, In Value Terms, By Country, 2007–2021
Figure 37:
Export Prices, 2007–2021
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