Central Asia: Prepared Mustard Market 2024

Prepared Mustard Market Size in Central Asia

In 2021, the Central Asian prepared mustard market decreased by -53.7% to $X, falling for the second year in a row after four years of growth. In general, consumption saw prominent growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Prepared Mustard Production in Central Asia

In value terms, prepared mustard production fell slightly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 54%. The level of production peaked at $X in 2020, and then shrank modestly in the following year.

Prepared Mustard Exports

Exports in Central Asia

In 2021, shipments abroad of prepared mustard decreased by -1.6% to X tons, falling for the third consecutive year after three years of growth. In general, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 106%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, prepared mustard exports rose notably to $X in 2021. Overall, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 88%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Kazakhstan (X tons) was the main exporter of prepared mustard in Central Asia, mixing up 100% of total export.

Kazakhstan was also the fastest-growing in terms of the prepared mustard exports, with a CAGR of +8.7% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest prepared mustard supplier in Central Asia.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan totaled +7.9%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, with an increase of 13% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 83%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to -0.7% per year.

Prepared Mustard Imports

Imports in Central Asia

In 2021, approx. X tons of prepared mustard were imported in Central Asia; rising by 21% against the previous year. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +10.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +136.6% against 2016 indices. The growth pace was the most rapid in 2013 when imports increased by 97%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, prepared mustard imports skyrocketed to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +138.6% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of 71% against the previous year. As a result, imports attained the peak of $X; afterwards, it flattened through to 2021.

Imports by Country

Kazakhstan dominates imports structure, amounting to X tons, which was approx. 69% of total imports in 2021. Uzbekistan (X tons) held an 8% share (based on physical terms) of total imports, which put it in second place, followed by Mongolia (7.8%), Kyrgyzstan (6.8%) and Tajikistan (5%). Turkmenistan (X tons) followed a long way behind the leaders.

Imports into Kazakhstan increased at an average annual rate of +8.5% from 2012 to 2021. At the same time, Mongolia (+24.3%), Uzbekistan (+17.7%), Tajikistan (+12.9%), Kyrgyzstan (+6.5%) and Turkmenistan (+4.1%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +24.3% from 2012-2021. While the share of Uzbekistan (+8 p.p.) and Mongolia (+5.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkmenistan (-2.1 p.p.), Kyrgyzstan (-2.4 p.p.) and Kazakhstan (-9.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported prepared mustard in Central Asia, comprising 69% of total imports. The second position in the ranking was held by Mongolia ($X), with an 8.9% share of total imports. It was followed by Uzbekistan, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan totaled +4.0%. In the other countries, the average annual rates were as follows: Mongolia (+23.6% per year) and Uzbekistan (+25.9% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2018 an increase of 3% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Mongolia ($X per ton) and Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) and Tajikistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+7.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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