Australia and Oceania: Prepared Mustard Market 2024

Prepared Mustard Market Size in Australia and Oceania

The prepared mustard market in Australia and Oceania declined to $X in 2021, waning by -5.7% against the previous year. Over the period under review, consumption, however, showed a strong increase. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Prepared Mustard Production in Australia and Oceania

In value terms, prepared mustard production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 53% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then reduced in the following year.

Prepared Mustard Exports

Exports in Australia and Oceania

In 2021, the amount of prepared mustard exported in Australia and Oceania rose significantly to X tons, surging by 11% on the year before. In general, exports, however, saw a slight shrinkage. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared mustard exports surged to $X in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 39% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

The biggest shipments were from Australia (X tons), together recording 98% of total export.

Australia experienced a relatively flat trend pattern with regard to volume of exports of prepared mustard. Australia (+2.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest prepared mustard supplier in Australia and Oceania.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia was relatively modest.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, rising by 10% against the previous year. Export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared mustard export price decreased by -2.0% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 61%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +1.7% per year.

Prepared Mustard Imports

Imports in Australia and Oceania

For the fifth year in a row, Australia and Oceania recorded decline in purchases abroad of prepared mustard, which decreased by -4.9% to X tons in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 20% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, prepared mustard imports reached $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 17% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia represented the main importing country with an import of about X tons, which finished at 62% of total imports. It was distantly followed by New Zealand (X tons), making up a 30% share of total imports. New Caledonia (X tons) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern with regard to volume of imports of prepared mustard. At the same time, New Zealand (+1.0%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +1.0% from 2012-2021. By contrast, New Caledonia (-1.3%) illustrated a downward trend over the same period. While the share of Australia (+3.6 p.p.) and New Zealand (+3.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported prepared mustard in Australia and Oceania, comprising 65% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 30% share of total imports.

In Australia, prepared mustard imports increased at an average annual rate of +1.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+1.7% per year) and New Caledonia (-5.1% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, growing by 6.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 18%. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while New Caledonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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