Singapore: Mustard Seed Market Overview 2021

Mustard Seed Market Size in Singapore

In 2019, the Singaporean mustard seed market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, the total consumption indicated resilient growth from 2007 to 2019: its value 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, consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2015 to 2019, the growth of the market failed to regain the momentum.

Mustard Seed Exports

Exports from Singapore

In 2019, the amount of mustard seed exported from Singapore dropped notably to X tonnes, waning by -X% against the previous year. Over the period under review, exports, however, posted modest growth. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes. From 2018 to 2019, the growth exports remained at a lower figure.

In value terms, mustard seed exports reduced rapidly to $X in 2019. In general, exports, however, enjoyed a temperate increase. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Fiji (X tonnes), Brunei Darussalam (X tonnes) and Malaysia (X tonnes) were the main destinations of mustard seed exports from Singapore, together comprising X% of total exports. Seychelles, France, Sri Lanka and Viet Nam lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Viet Nam (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X), Brunei Darussalam ($X) and Malaysia ($X) constituted the largest markets for mustard seed exported from Singapore worldwide, with a combined X% share of total exports. France, Viet Nam, Seychelles and Sri Lanka lagged somewhat behind, together accounting for a further X Nam (+X% per year) saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average mustard seed export price amounted to $X per tonne, jumping by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Viet Nam ($X per tonne), while the average price for exports to Seychelles ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka, while the prices for the other major destinations experienced more modest paces of growth.

Mustard Seed Imports

Imports into Singapore

In 2019, after two years of growth, there was decline in overseas purchases of mustard seed, when their volume decreased by -X% to X tonnes. Overall, total imports indicated a prominent expansion from 2007 to 2019: its volume 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, imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

In value terms, mustard seed imports stood at $X in 2019. Over the period under review, total imports indicated buoyant growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, India (X tonnes) constituted the largest supplier of mustard seed to Singapore, with a X% share of total imports. Moreover, mustard seed imports from India exceeded the figures recorded by the second-largest supplier, Malaysia (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and China (+X% per year).

In value terms, India ($X) constituted the largest supplier of mustard seed to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and China (-X% per year).

Import Prices by Country

In 2019, the average mustard seed import price amounted to $X per tonne, increasing by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Malaysia ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced mixed trend patterns.

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), with a combined 59% share of global consumption. France, Myanmar, Germany, China, Canada, Poland, Ukraine and the Netherlands lagged somewhat behind, together accounting 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 Singapore?

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In value terms, India ($139K) constituted the largest supplier of mustard seed to Singapore, comprising 77% of total imports. The second position in the ranking was occupied by Malaysia ($17K), with a 9.3% share of total imports.

What are the leading importers of mustard seed from Singapore?

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In value terms, Fiji ($11K), Brunei Darussalam ($6.9K) and Malaysia ($6.7K) appeared to be the largest markets for mustard seed exported from Singapore worldwide, with a combined 75% share of total exports. France, Viet Nam, Seychelles and Sri Lanka lagged somewhat behind, together comprising a further 22%.

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

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In 2019, the average mustard seed export price amounted to $1,139 per tonne, with an increase of 16% against the previous year.

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

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The average mustard seed import price stood at $883 per tonne in 2019, surging by 3.6% against the previous year.