Peru: Mustard Seed Market Overview 2021

Mustard Seed Market Size in Peru

The Peruvian mustard seed market soared to $X in 2019, increasing by X% 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 showed a prominent increase. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Mustard seed consumption peaked in 2019 and is expected to retain growth in years to come.

Mustard Seed Exports

Exports from Peru

For the third year in a row, Peru recorded decline in overseas shipments of mustard seed, which decreased by -X% to X kg in 2019. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Exports peaked at X kg in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

In value terms, mustard seed exports dropped significantly to $X in 2019. Overall, exports, however, recorded strong growth. Exports peaked at $X in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Sweden (X kg), Bosnia and Herzegovina (X kg) and the Dominican Republic (X kg) were the main destinations of mustard seed exports from Peru, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mustard seed exported from Peru were the Dominican Republic ($X), Bosnia and Herzegovina ($X) and Sweden ($X terms of the main countries of destination, Sweden saw the highest growth rate of 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 tonne in 2018, picking up by X% against the previous year. In general, the export price, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2018, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2018, the country with the highest price was the Dominican Republic ($X per tonne), while the average price for exports to Sweden ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced more modest paces of growth.

Mustard Seed Imports

Imports into Peru

For the fourth year in a row, Peru recorded growth in purchases abroad of mustard seed, which increased by X% to X tonnes in 2019. Over the period under review, imports recorded prominent growth. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Imports peaked in 2019 and are likely to continue growth in the near future.

In value terms, mustard seed imports soared to $X in 2019. In general, imports saw a remarkable increase. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Imports peaked in 2019 and are likely to see steady growth in the near future.

Imports by Country

The U.S. (X tonnes) and Canada (X tonnes) were the main suppliers of mustard seed imports to Peru, together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in the U.S..

In value terms, the U.S. ($X) and Canada ($X) appeared to be the largest mustard seed suppliers to Peru, together accounting for X% of total imports.

The U.S. recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2019, the average mustard seed import price amounted to $X per tonne, standing approx. at the previous year. In general, import price indicated a slight increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, mustard seed import price decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Canada ($X per tonne), while the price for the U.S. amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mustard seed in the world?

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The countries with the highest volumes of mustard seed consumption in 2019 were Nepal (234K tonnes), Russia (123K tonnes) and the U.S. (77K tonnes), together accounting for 59% of global consumption. These countries were followed by France, Myanmar, Germany, China, Canada, Poland, Ukraine and the Netherlands, which together accounted for a further 29%.

What are the largest producers of mustard seed in the world?

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The countries with the highest volumes of mustard seed production in 2019 were Nepal (210K tonnes), Russia (165K tonnes) and Canada (135K tonnes), with a combined 67% share of global production.

What are the leading suppliers of mustard seed to Peru?

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In value terms, the U.S. ($619K) and Canada ($616K) were the largest mustard seed suppliers to Peru, with a combined 99% share of total imports.

What are the leading importers of mustard seed from Peru?

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In value terms, the largest markets for mustard seed exported from Peru were the Dominican Republic ($94), Bosnia and Herzegovina ($91) and Sweden ($47).

What is the average export price for mustard seed in Peru?

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In 2018, the average mustard seed export price amounted to $1,235 per tonne, with an increase of 5.3% against the previous year.

What is the average import price for mustard seed in Peru?

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The average mustard seed import price stood at $904 per tonne in 2019, remaining constant against the previous year.