
Peru - Mustard Seed - Market Analysis, Forecast, Size, Trends and Insights
Peru: Mustard Seed Market 2023
Mustard Seed Market Size in Peru
The Peruvian mustard seed market surged to $X in 2021, jumping by 58% 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). In general, consumption enjoyed strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Mustard Seed Exports
Exports from Peru
In 2021, the amount of mustard seed exported from Peru soared to X kg, picking up by 102% on the previous year's figure. Overall, exports showed noticeable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, mustard seed exports stood at $X in 2021. In general, exports showed a pronounced increase. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.
Exports by Country
The Netherlands (X kg) was the main destination for mustard seed exports from Peru, accounting for a approx. 100% share of total exports.
From 2016 to 2021, the average annual growth rate of volume to the Netherlands stood at +2.5%.
In value terms, the Netherlands ($X) emerged as the key foreign market for mustard seed exports from Peru.
From 2016 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +3.1%.
Export Prices by Country
The average mustard seed export price stood at $X per ton in 2021, waning by -44% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2016 to 2021, the rate of growth in terms of prices for the Netherlands amounted to +0.6% per year.
Mustard Seed Imports
Imports into Peru
In 2021, approx. X tons of mustard seed were imported into Peru; growing by 28% compared with the previous year's figure. Overall, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 30% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.
In value terms, mustard seed imports soared to $X in 2021. In general, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
The United States (X tons) and Canada (X tons) were the main suppliers of mustard seed imports to Peru.
From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +15.9%).
In value terms, the United States ($X) and Canada ($X) were the largest mustard seed suppliers to Peru.
The United States, with a CAGR of +15.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.
Import Prices by Country
The average mustard seed import price stood at $X per ton in 2021, jumping by 30% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per ton), while the price for the United States totaled $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.6%).
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the mustard seed market in Peru. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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