Southern Asia: Mustard Seed Market 2024

Mustard Seed Market Size in Southern Asia

In 2022, after four years of growth, there was significant decline in the South Asian mustard seed market, when its value decreased by X% to $X. The market value 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 in certain years. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Mustard Seed Production in Southern Asia

In value terms, mustard seed production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Nepal (X tons) constituted the country with the largest volume of mustard seed production, comprising approx. X% of total volume. Moreover, mustard seed production in Nepal exceeded the figures recorded by the second-largest producer, India (X tons), fourfold.

In Nepal, mustard seed production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (X% per year) and Pakistan (X% per year).

In 2022, the average mustard seed yield in Southern Asia reduced slightly to X tons per ha, almost unchanged from the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the yield increased by X% against the previous year. Over the period under review, the mustard seed yield hit record highs at X tons per ha in 2021, and then shrank modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of mustard seed were harvested in Southern Asia; leveling off at 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2020 to 2022, the growth of the mustard seed harvested area remained at a somewhat lower figure.

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Mustard Seed Exports

Exports in Southern Asia

In 2022, the amount of mustard seed exported in Southern Asia surged to X tons, rising by X% compared with the previous year's figure. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, mustard seed exports surged to $X in 2022. In general, exports enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

India (X tons) represented roughly X% of total exports in 2022.

India was also the fastest-growing in terms of the mustard seed exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest mustard seed supplier in Southern Asia.

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

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, growing 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 export price increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Mustard Seed Imports

Imports in Southern Asia

In 2022, after two years of growth, there was significant decline in supplies from abroad of mustard seed, when their volume decreased by X% to X tons. In general, imports, however, saw a tangible increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, mustard seed imports shrank to $X in 2022. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

Nepal (X tons) and Bangladesh (X tons) dominates imports structure, together mixing up X% of total imports. Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Nepal ($X), Bangladesh ($X) and Sri Lanka ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Nepal, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with an increase of 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 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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