South-Eastern Asia: Prepared Mustard Market 2024

Prepared Mustard Market Size in South-Eastern Asia

The Southeast Asian prepared mustard market amounted to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Prepared Mustard Production in South-Eastern Asia

In value terms, prepared mustard production declined slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Prepared Mustard Exports

Exports in South-Eastern Asia

Prepared mustard exports skyrocketed to X tons in 2022, increasing by X% on the year before. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, prepared mustard exports soared to $X in 2022. Overall, exports saw strong growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Thailand prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. The Philippines (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%).

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Thailand and Indonesia increased by X and X percentage points, respectively.

In value terms, Thailand ($X) remains the largest prepared mustard supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Thailand amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, saw a mild decrease. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the export price figures.

Prepared Mustard Imports

Imports in South-Eastern Asia

In 2022, prepared mustard imports in South-Eastern Asia surged to X tons, growing by X% compared with 2021 figures. Over the period under review, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared mustard imports soared to $X in 2022. Overall, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of prepared mustard, namely Thailand, Vietnam and the Philippines, represented more than two-thirds of total import. Malaysia (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%) and Singapore (X%). Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared mustard importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), with a combined X% share of total imports. The Philippines, Indonesia, Singapore and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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