EU: Prepared Mustard Market 2024

Prepared Mustard Market Size in the EU

In 2021, the EU prepared mustard market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Prepared Mustard Production in the EU

In value terms, prepared mustard production amounted to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 8.6% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Prepared Mustard Exports

Exports in the EU

In 2021, overseas shipments of prepared mustard increased by 8.7% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 11%. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, prepared mustard exports surged to $X in 2021. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, France (X tons) represented the key exporter of prepared mustard, making up 38% of total exports. It was distantly followed by Germany (X tons), the Netherlands (X tons), Belgium (X tons) and Poland (X tons), together achieving a 42% share of total exports. The following exporters - the Czech Republic (X tons), Spain (X tons), Sweden (X tons) and Denmark (X tons) - together made up 12% of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +20.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the largest prepared mustard supplier in the European Union, comprising 44% of total exports. The second position in the ranking was taken by Germany ($X), with a 16% share of total exports. It was followed by the Netherlands, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in France stood at +1.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+5.6% per year) and the Netherlands (+5.7% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, increasing by 6.7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 7% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while the Czech Republic ($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 the EU

In 2021, approx. X tons of prepared mustard were imported in the European Union; picking up by 4.6% on 2020. The total import volume increased at an average annual rate of +2.8% 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 2018 with an increase of 14%. Over the period under review, imports attained the maximum at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, prepared mustard imports totaled $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

The Netherlands (X tons), Germany (X tons), France (X tons), Spain (X tons), Belgium (X tons), Poland (X tons), Sweden (X tons), Italy (X tons), Denmark (X tons), Romania (X tons), Austria (X tons) and Slovakia (X tons) represented roughly 86% of total imports in 2021.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +11.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Spain ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 40% of total imports. These countries were followed by France, Belgium, Sweden, Italy, Poland, Austria, Denmark, Romania and Slovakia, which together accounted for a further 44%.

In terms of the main importing countries, Romania, with a CAGR of +10.1%, recorded the highest growth rate of 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 import price in the European Union stood at $X per ton in 2021, with an increase of 8.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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