U.S.: Mustard Seed Market 2023

Mustard Seed Market Size in the U.S.

The U.S. mustard seed market surged to $X in 2022, picking up by 83% against the previous year. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mustard Seed Production in the U.S.

In value terms, mustard seed production amounted to $X in 2022. Overall, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 258% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

In 2022, the average mustard seed yield in the United States soared to X kg per ha, rising by 42% against 2021 figures. Over the period under review, the yield indicated a modest increase from 2012 to 2022: its figure increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mustard seed yield decreased by -22.3% against 2020 indices. The growth pace was the most rapid in 2016 when the yield increased by 46%. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the average mustard seed yield remained at a somewhat lower figure. 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 the United States; leveling off at 2021. Overall, the harvested area saw a buoyant increase. The pace of growth was the most pronounced in 2016 when the harvested area increased by 145% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2017 to 2022, the growth of the mustard seed harvested area remained at a lower figure.

Mustard Seed Exports

Exports from the U.S.

In 2022, shipments abroad of mustard seed increased by 35% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 148%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, mustard seed exports surged to $X in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 159% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for mustard seed exports from the United States, accounting for a 64% share of total exports. Moreover, mustard seed exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), eightfold. Thailand (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled +38.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+24.7% per year) and Thailand (+15.0% per year).

In value terms, Canada ($X) remains the key foreign market for mustard seed exports from the United States, comprising 61% of total exports. The second position in the ranking was taken by Thailand ($X), with a 7.3% share of total exports. It was followed by Mexico, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada amounted to +34.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+14.2% per year) and Mexico (+24.2% per year).

Export Prices by Country

In 2022, the average mustard seed export price amounted to $X per ton, declining by -10.5% against the previous year. Over the period under review, the export price saw a mild decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Australia ($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 Uruguay (+1,168.6%), while the prices for the other major destinations experienced mixed trend patterns.

Mustard Seed Imports

Imports into the U.S.

In 2022, overseas purchases of mustard seed increased by 82% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mustard seed imports surged to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +121.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) was the main mustard seed supplier to the United States, accounting for a 96% share of total imports. It was followed by India (X tons), with a 2.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada stood at +4.8%.

In value terms, Canada ($X) constituted the largest supplier of mustard seed to the United States, comprising 92% of total imports. The second position in the ranking was held by India ($X), with a 4.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada stood at +4.9%.

Import Prices by Country

In 2022, the average mustard seed import price amounted to $X per ton, flattening at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 24%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.1%).

Source: IndexBox Platform

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