Northern America: Mustard Seed Market 2024

Mustard Seed Market Size in Northern America

The North American mustard seed market skyrocketed to $X in 2022, growing by X% against the previous year. In general, consumption saw a resilient expansion. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Mustard Seed Production in Northern America

In value terms, mustard seed production dropped to $X in 2022 estimated in export price. Overall, production recorded a mild decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Canada (X tons) remains the largest mustard seed producing country in Northern America, comprising approx. X% of total volume. Moreover, mustard seed production in Canada exceeded the figures recorded by the second-largest producer, the United States (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Canada was relatively modest.

The average mustard seed yield expanded to X kg per ha in 2022, growing by X% against the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the mustard seed yield reached the maximum level at X tons per ha in 2016; however, from 2017 to 2022, the yield remained at a lower figure. 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 Northern America fell modestly to X ha, reducing by X% compared with the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to mustard seed production attained the maximum at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

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Mustard Seed Exports

Exports in Northern America

In 2022, exports of mustard seed in Northern America expanded slightly to X tons, growing by X% compared with the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, mustard seed exports surged to $X in 2022. Total exports indicated measured growth 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Canada (X tons) represented the major exporter of mustard seed, comprising X% of total exports. It was distantly followed by the United States (X tons), committing a X% share of total exports.

Canada experienced a relatively flat trend pattern with regard to volume of exports of mustard seed. At the same time, the United States (X%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United States increased by X percentage points.

In value terms, Canada ($X) remains the largest mustard seed supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Canada amounted to X%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated noticeable 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, mustard seed export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Mustard Seed Imports

Imports in Northern America

In 2022, purchases abroad of mustard seed was finally on the rise to reach X tons after two years of decline. Total imports indicated a buoyant expansion from 2012 to 2022: its volume 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mustard seed imports soared to $X in 2022. In general, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Canada (X tons), constituting an X% share of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. While the share of Canada (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported mustard seed in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled X%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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