Hong Kong SAR, China: Mustard Seed Market 2025

Mustard Seed Market Size in Hong Kong SAR, China

The Hong Kong mustard seed market surged to $X in 2022, increasing by 355% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a abrupt curtailment. Mustard seed consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Mustard Seed Exports

Exports from Hong Kong SAR, China

In 2022, the amount of mustard seed exported from Hong Kong SAR skyrocketed to X tons, with an increase of 1,591% on 2021. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 1,929% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, mustard seed exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 2,149%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for mustard seed exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China was relatively modest.

In value terms, China ($X) emerged as the key foreign market for mustard seed exports from Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value to China was relatively modest.

Export Prices by Country

In 2022, the average mustard seed export price amounted to $X per ton, declining by -66.3% against the previous year. Over the period under review, the export price saw a drastic downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.5% per year.

Mustard Seed Imports

Imports into Hong Kong SAR, China

Mustard seed imports into Hong Kong SAR skyrocketed to X tons in 2022, picking up by 1,146% against 2021. Over the period under review, imports, however, showed a deep downturn. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, mustard seed imports skyrocketed to $X in 2022. Overall, imports, however, showed a pronounced setback. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of mustard seed to Hong Kong SAR, accounting for a 81% share of total imports. Moreover, mustard seed imports from Belgium exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to +16.1%.

In value terms, Belgium ($X) constituted the largest supplier of mustard seed to Hong Kong SAR, comprising 88% of total imports. The second position in the ranking was taken by India ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled +15.9%.

Import Prices by Country

The average mustard seed import price stood at $X per ton in 2022, waning by -30.2% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mustard seed import price increased by +13.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 62%. As a result, import price attained the peak level of $X per ton, and then contracted rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+24.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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