Brazil: Prepared Mustard Market 2024

Prepared Mustard Market Size in Brazil

The Brazilian prepared mustard market reached $X in 2021, surging by 6.2% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Prepared mustard consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Prepared Mustard Production in Brazil

In value terms, prepared mustard production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 11% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Prepared Mustard Exports

Exports from Brazil

In 2021, prepared mustard exports from Brazil surged to X tons, jumping by 17% against the previous year's figure. The total export volume increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared mustard exports soared to $X in 2021. The total export value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Paraguay (X tons), Uruguay (X tons) and Venezuela (X tons) were the main destinations of prepared mustard exports from Brazil, together comprising 93% of total exports. Bolivia lagged somewhat behind, comprising a further 2.5%.

From 2012 to 2021, the biggest increases were recorded for Bolivia (with a CAGR of +52.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uruguay ($X), Paraguay ($X) and Venezuela ($X) were the largest markets for prepared mustard exported from Brazil worldwide, together accounting for 84% of total exports. Bolivia lagged somewhat behind, comprising a further 4.5%.

Bolivia, with a CAGR of +57.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average prepared mustard export price amounted to $X per ton, increasing by 6.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 12%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Prepared Mustard Imports

Imports into Brazil

In 2021, the amount of prepared mustard imported into Brazil soared to X tons, surging by 27% against 2020 figures. In general, imports, however, saw a mild downturn. The most prominent rate of growth was recorded in 2013 with an increase of 40%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, prepared mustard imports surged to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 40% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), France (X tons) and China (X tons) were the main suppliers of prepared mustard imports to Brazil, with a combined 92% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +58.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared mustard suppliers to Brazil were the United States ($X), France ($X) and China ($X), together accounting for 88% of total imports.

Among the main suppliers, China, with a CAGR of +73.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared mustard import price stood at $X per ton in 2021, surging by 5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2015 when the average import price increased by 27% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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