Asia-Pacific: Mustard Seed Market 2025

Mustard Seed Market Size in Asia-Pacific

In 2022, the Asia-Pacific mustard seed market decreased by -6.2% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Mustard Seed Production in Asia-Pacific

In value terms, mustard seed production amounted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 32% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Nepal (X tons) remains the largest mustard seed producing country in Asia-Pacific, comprising approx. 63% of total volume. Moreover, mustard seed production in Nepal exceeded the figures recorded by the second-largest producer, India (X tons), fourfold. Myanmar (X tons) ranked third in terms of total production with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Nepal amounted to +4.1%. In the other countries, the average annual rates were as follows: India (+0.9% per year) and Myanmar (-3.6% per year).

The average mustard seed yield rose slightly to X tons per ha in 2022, picking up by 2.2% on 2021. The yield figure increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2016 with an increase of 9.8%. The level of yield peaked in 2022 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of mustard seed production in Asia-Pacific reached X ha, almost unchanged from the previous year. In general, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the harvested area increased by 11%. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the mustard seed harvested area remained at a lower figure.

Mustard Seed Exports

Exports in Asia-Pacific

In 2022, the amount of mustard seed exported in Asia-Pacific surged to X tons, jumping by 85% compared with the year before. In general, exports saw strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mustard seed exports surged to $X in 2022. Overall, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, India (X tons) represented the major exporter of mustard seed, making up 79% of total exports. It was distantly followed by Australia (X tons), achieving a 19% share of total exports.

Exports from India increased at an average annual rate of +11.0% from 2012 to 2022. At the same time, Australia (+56.6%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +56.6% from 2012-2022. Australia (+18 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -16.5% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest mustard seed supplier in Asia-Pacific, comprising 80% of total exports. The second position in the ranking was taken by Australia ($X), with a 17% share of total exports.

In India, mustard seed exports expanded at an average annual rate of +12.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, falling by -1.8% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 30% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.3%).

Mustard Seed Imports

Imports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in supplies from abroad of mustard seed, when their volume decreased by -8.3% to X tons. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 50%. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, mustard seed imports reduced to $X in 2022. In general, imports, however, recorded modest growth. The growth pace was the most rapid in 2021 when imports increased by 64%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Nepal (X tons) and Bangladesh (X tons) dominates imports structure, together committing 75% of total imports. South Korea (X tons) took the next position in the ranking, followed by Japan (X tons). All these countries together took near 11% share of total imports. The following importers - Thailand (X tons), Australia (X tons) and China (X tons) - each recorded a 9.1% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +49.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mustard seed importing markets in Asia-Pacific were Nepal ($X), Bangladesh ($X) and Japan ($X), with a combined 73% share of total imports. South Korea, Australia, Thailand and China lagged somewhat behind, together accounting for a further 20%.

China, with a CAGR of +41.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 Asia-Pacific stood at $X per ton in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2021 an increase of 20% against the previous year. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

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 Australia ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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