Mustard Seed Market

Mustard seed market: download the most recent information enhanced by an Ai-driven BI platform. Statistics contain consumption, production, trade, imports, market prices, companies, exports, and market size. There is a split by country, including the Middle East, the U.K., China, Latin America, Russia, EU, Africa, and the U.S. Market insights and forecast to 2030 are also featured in the snapshots.

Driven by increasing demand for mustard seed worldwide, the market is expected to see continued growth over the next six years. While market performance may slow down slightly, the volume is projected to reach 1.2M tons and value to $1.4B by 2030.

Market Forecast

Driven by increasing demand for mustard seed worldwide, the market is expected to continue an upward consumption trend over the next six years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.7% for the period from 2024 to 2030, which is projected to bring the market volume to 1.2M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.7% for the period from 2024 to 2030, which is projected to bring the market value to $1.4B (in nominal wholesale prices) by the end of 2030.

Consumption

World Consumption of Mustard Seed

In 2024, consumption of mustard seed decreased by -2.2% to 1.1M tons for the first time since 2017, thus ending a six-year rising trend. Over the period under review, the total consumption indicated a strong increase from 2012 to 2024: its volume increased at an average annual rate of +5.0% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +42.7% against 2017 indices. Over the period under review, global consumption attained the peak volume at 1.1M tons in 2023, and then contracted slightly in the following year.

The global mustard seed market value reduced modestly to $1.1B in 2024, dropping by -4.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a pronounced expansion from 2012 to 2024: its value increased at an average annual rate of +4.2% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the maximum level at $1.1B in 2023, and then dropped modestly in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2024 were Nepal (248K tons), Malaysia (146K tons) and Russia (124K tons), together comprising 49% of global consumption.

From 2012 to 2024, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Malaysia (with a CAGR of +69.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest mustard seed markets worldwide were Malaysia ($171M), Nepal ($119M) and Russia ($113M), together comprising 38% of the global market.

In terms of the main consuming countries, Malaysia, with a CAGR of +72.1%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of mustard seed per capita consumption in 2024 were Nepal (7.9 kg per person), Malaysia (4.3 kg per person) and Canada (2.2 kg per person).

From 2012 to 2024, the biggest increases were recorded for Malaysia (with a CAGR of +66.9%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Mustard Seed

In 2024, after six years of growth, there was decline in production of mustard seed, when its volume decreased by -3.4% to 1.1M tons. Over the period under review, the total production indicated a strong increase from 2012 to 2024: its volume increased at an average annual rate of +5.0% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production increased by +44.8% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of 26% against the previous year. Over the period under review, global production hit record highs at 1.1M tons in 2023, and then contracted modestly in the following year. The general positive trend in terms output was largely conditioned by a remarkable increase of the harvested area and mild growth in yield figures.

In value terms, mustard seed production reached $1.1B in 2024 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2024: its value increased at an average annual rate of +4.7% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -6.4% against 2022 indices. The most prominent rate of growth was recorded in 2022 when the production volume increased by 35%. As a result, production reached the peak level of $1.2B. From 2023 to 2024, global production growth remained at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2024 were Nepal (219K tons), Russia (178K tons) and Canada (166K tons), with a combined 53% share of global production.

From 2012 to 2024, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Russia (with a CAGR of +13.6%), while production for the other global leaders experienced more modest paces of growth.

Yield

The global average mustard seed yield rose to 1.1 tons per ha in 2024, increasing by 3.3% compared with the year before. The yield figure increased at an average annual rate of +1.1% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. Over the period under review, the average mustard seed yield hit record highs at 1.3 tons per ha in 2021; however, from 2022 to 2024, the yield stood at a somewhat lower figure.

Harvested Area

In 2024, approx. 963K ha of mustard seed were harvested worldwide; waning by -6.4% compared with the year before. Over the period under review, the total harvested area indicated temperate growth from 2012 to 2024: its figure increased at an average annual rate of +3.8% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, mustard seed harvested area increased by +42.9% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 32% against the previous year. The global harvested area peaked at 1M ha in 2023, and then shrank in the following year.

Imports

World Imports of Mustard Seed

In 2024, global mustard seed imports dropped to 325K tons, reducing by -10.2% against 2023 figures. The total import volume increased at an average annual rate of +1.7% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 12%. Over the period under review, global imports hit record highs at 363K tons in 2023, and then contracted in the following year.

In value terms, mustard seed imports dropped markedly to $405M in 2024. Overall, imports, however, enjoyed a pronounced expansion. The growth pace was the most rapid in 2022 when imports increased by 50%. Global imports peaked at $534M in 2023, and then shrank significantly in the following year.

Imports By Country

The purchases of the nine major importers of mustard seed, namely Germany, the United States, Poland, Nepal, Belgium, France, Bangladesh, Canada and the Netherlands, represented more than two-thirds of total import. Turkey (7K tons) followed a long way behind the leaders.

From 2012 to 2024, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Turkey (with a CAGR of +34.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest mustard seed importing markets worldwide were the United States ($88M), Germany ($58M) and France ($38M), with a combined 46% share of global imports. Belgium, Nepal, the Netherlands, Poland, Canada, Bangladesh and Turkey lagged somewhat behind, together accounting for a further 31%.

Among the main importing countries, Canada, with a CAGR of +33.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2024, the average mustard seed import price amounted to $1,244 per ton, shrinking by -15.4% against the previous year. Over the period under review, the import price, however, saw temperate growth. The growth pace was the most rapid in 2022 when the average import price increased by 58% against the previous year. Over the period under review, average import prices attained the peak figure at $1,471 per ton in 2023, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($2,031 per ton), while Turkey ($198 per ton) was amongst the lowest.

From 2012 to 2024, the most notable rate of growth in terms of prices was attained by the United States (+6.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Mustard Seed

In 2024, after two years of growth, there was significant decline in shipments abroad of mustard seed, when their volume decreased by -13.2% to 332K tons. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2023 with an increase of 12%. As a result, the exports reached the peak of 383K tons, and then shrank in the following year.

In value terms, mustard seed exports fell notably to $424M in 2024. Over the period under review, exports, however, enjoyed notable growth. The pace of growth was the most pronounced in 2022 when exports increased by 57% against the previous year. The global exports peaked at $528M in 2023, and then contracted remarkably in the following year.

Exports By Country

In 2024, Canada (94K tons), distantly followed by Russia (53K tons), the United States (35K tons), Ukraine (32K tons), Germany (21K tons), India (20K tons) and Argentina (17K tons) were the key exporters of mustard seed, together mixing up 82% of total exports.

From 2012 to 2024, the biggest increases were recorded for Argentina (with a CAGR of +160.2%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Canada ($166M) remains the largest mustard seed supplier worldwide, comprising 39% of global exports. The second position in the ranking was held by Russia ($58M), with a 14% share of global exports. It was followed by Germany, with a 10% share.

In Canada, mustard seed exports expanded at an average annual rate of +4.2% over the period from 2012-2024. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+9.4% per year) and Germany (+3.7% per year).

Export Prices By Country

In 2024, the average mustard seed export price amounted to $1,277 per ton, shrinking by -7.4% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2024: its price increased at an average annual rate of +2.6% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, mustard seed export price decreased by -9.2% against 2022 indices. The most prominent rate of growth was recorded in 2022 when the average export price increased by 49%. As a result, the export price reached the peak level of $1,406 per ton. From 2023 to 2024, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($2,032 per ton), while the United States ($570 per ton) was amongst the lowest.

From 2012 to 2024, the most notable rate of growth in terms of prices was attained by Canada (+5.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform