Canada: Prepared Mustard Market 2024

Prepared Mustard Market Size in Canada

In 2021, the Canadian prepared mustard market decreased by -2.2% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, saw a strong increase. Prepared mustard consumption peaked at $X in 2020, and then contracted modestly in the following year.

Prepared Mustard Production in Canada

In value terms, prepared mustard production contracted slightly to $X in 2021 estimated in export price. Overall, production, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 192% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then shrank modestly in the following year.

Prepared Mustard Exports

Exports from Canada

In 2021, prepared mustard exports from Canada declined to X tons, flattening at 2020. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 16%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, prepared mustard exports surged to $X in 2021. The total export value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for prepared mustard exports from Canada, with a 55% share of total exports. Moreover, prepared mustard exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), sevenfold. The third position in this ranking was held by Colombia (X tons), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-1.3% per year) and Colombia (+13.5% per year).

In value terms, the United States ($X) remains the key foreign market for prepared mustard exports from Canada, comprising 53% of total exports. The second position in the ranking was held by Japan ($X), with an 8.4% share of total exports. It was followed by Colombia, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-1.9% per year) and Colombia (+15.9% per year).

Export Prices by Country

The average prepared mustard export price stood at $X per ton in 2021, rising by 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to South Africa ($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 South Korea (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Canada

In 2021, overseas purchases of prepared mustard increased by 1.1% to X tons, rising for the third year in a row after four years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 44%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, prepared mustard imports rose sharply to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 24%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of prepared mustard to Canada, with a 83% share of total imports. Moreover, prepared mustard imports from the United States exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -1.2%.

In value terms, the United States ($X) constituted the largest supplier of prepared mustard to Canada, comprising 66% of total imports. The second position in the ranking was taken by France ($X), with a 30% share of total imports.

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

Import Prices by Country

In 2021, the average prepared mustard import price amounted to $X per ton, with an increase of 5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2018 when the average import price increased by 10%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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 the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.0%).

Source: IndexBox Platform

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