Sri Lanka: Mustard Seed Market 2024

Mustard Seed Market Size in Sri Lanka

After three years of growth, the Sri Lankan mustard seed market decreased by X% to $X in 2022. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then reduced dramatically in the following year.

Mustard Seed Production in Sri Lanka

In value terms, mustard seed production contracted remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Mustard seed production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

In 2022, the average yield of mustard seed in Sri Lanka declined markedly to X tons per ha, dropping by X% on the previous year. In general, the yield, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the yield attained the peak level of X tons per ha, and then fell notably 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, the mustard seed harvested area in Sri Lanka declined remarkably to X ha, dropping by X% on 2021. Overall, the harvested area recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The mustard seed harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area stood at a somewhat lower figure.

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Mustard Seed Exports

Exports from Sri Lanka

In 2022, approx. X tons of mustard seed were exported from Sri Lanka; with a decrease of X% on the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, mustard seed exports dropped significantly to $X in 2022. In general, exports saw a slight descent. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Maldives (X tons), the United Arab Emirates (X tons) and the UK (X kg) were the main destinations of mustard seed exports from Sri Lanka, together comprising X% of total exports.

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

In value terms, Maldives ($X) emerged as the key foreign market for mustard seed exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and South Korea (X% per year).

Export Prices by Country

The average mustard seed export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mustard Seed Imports

Imports into Sri Lanka

In 2022, approx. X tons of mustard seed were imported into Sri Lanka; shrinking by X% on the year before. In general, imports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced dramatically in the following year.

In value terms, mustard seed imports declined dramatically to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, India (X tons) was the main mustard seed supplier to Sri Lanka, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from India was relatively modest.

In value terms, India ($X) constituted the largest supplier of mustard seed to Sri Lanka.

From 2012 to 2022, the average annual growth rate of value from India was relatively modest.

Import Prices by Country

In 2022, the average mustard seed import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, showed a slight increase. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

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

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

Source: IndexBox Platform

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