India: Prepared Mustard Market 2024

Prepared Mustard Market Size in India

The Indian prepared mustard market shrank modestly to $X in 2021, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Prepared Mustard Production in India

In value terms, prepared mustard production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 14% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Prepared Mustard Exports

Exports from India

Prepared mustard exports from India contracted notably to X tons in 2021, which is down by -75.1% compared with 2020 figures. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 5,137% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, prepared mustard exports contracted remarkably to $X in 2021. Overall, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by 2,348%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Oman (X tons), the United Arab Emirates (X tons) and Cameroon (X tons) were the main destinations of prepared mustard exports from India, with a combined 60% share of total exports. These countries were followed by Nepal, the UK, the United States, Saudi Arabia and Singapore, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +36.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared mustard exported from India were Oman ($X), the UK ($X) and Cameroon ($X), together comprising 65% of total exports.

The UK, with a CAGR of +34.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average prepared mustard export price amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, showed a deep slump. The pace of growth appeared the most rapid in 2020 an increase of 48%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 Sudan (+24.2%), while the prices for the other major destinations experienced a decline.

Prepared Mustard Imports

Imports into India

In 2021, after two years of decline, there was significant growth in supplies from abroad of prepared mustard, when their volume increased by 42% to X tons. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 71% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, prepared mustard imports surged to $X in 2021. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 66% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of prepared mustard to India, accounting for a 58% share of total imports. Moreover, prepared mustard imports from the United States exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+20.2% per year) and Belgium (+35.9% per year).

In value terms, the United States ($X) constituted the largest supplier of prepared mustard to India, comprising 56% of total imports. The second position in the ranking was taken by France ($X), with a 13% share of total imports. It was followed by the United Arab Emirates, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+11.0% per year) and the United Arab Emirates (+41.7% per year).

Import Prices by Country

The average prepared mustard import price stood at $X per ton in 2021, shrinking by -5.7% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 22%. As a result, import price attained the peak level of $X per ton. From 2014 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 the United Arab Emirates ($X per ton), while the price for Bhutan ($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 United Arab Emirates (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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