Eastern Europe: Prepared Mustard Market 2024

Prepared Mustard Market Size in Eastern Europe

The East European prepared mustard market expanded modestly to $X in 2021, growing by 4.2% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Prepared Mustard Production in Eastern Europe

In value terms, prepared mustard production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 7.6%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Prepared Mustard Exports

Exports in Eastern Europe

In 2021, after three years of decline, there was growth in overseas shipments of prepared mustard, when their volume increased by 2.1% to X tons. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 31% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, prepared mustard exports rose remarkably to $X in 2021. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 43% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Poland (X tons), the Czech Republic (X tons), Ukraine (X tons) and Russia (X tons), together finishing at 77% of total export. Romania (X tons) held a 7.3% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (6.2%) and Belarus (5.2%).

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +9.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Ukraine ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 66% share of total exports. Russia, Romania, Hungary and Belarus lagged somewhat behind, together accounting for a further 28%.

Belarus, with a CAGR of +8.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, surging by 11% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.5%), while the other leaders experienced more modest paces of growth.

Prepared Mustard Imports

Imports in Eastern Europe

Prepared mustard imports rose modestly to X tons in 2021, with an increase of 3.5% on the year before. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, prepared mustard imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 20% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

Poland (X tons) and Russia (X tons) were the key importers of prepared mustard in 2021, reaching approx. 24% and 22% of total imports, respectively. Romania (X tons) ranks next in terms of the total imports with an 11% share, followed by Slovakia (9%), the Czech Republic (8.6%), Hungary (7.6%) and Belarus (4.7%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of +7.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared mustard importing markets in Eastern Europe were Russia ($X), Poland ($X) and Romania ($X), together accounting for 52% of total imports.

In terms of the main importing countries, Romania, with a CAGR of +10.1%, 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

In 2021, the import price in Eastern Europe amounted to $X per ton, surging by 8.7% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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