Indonesia: Prepared Mustard Market 2024

Prepared Mustard Market Size in Indonesia

The Indonesian prepared mustard market expanded sharply to $X in 2021, picking up by 5.8% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.3% against 2019 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Prepared Mustard Production in Indonesia

In value terms, prepared mustard production stood at $X in 2021 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.4% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 40% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Prepared Mustard Exports

Exports from Indonesia

In 2021, approx. X tons of prepared mustard were exported from Indonesia; with a decrease of -8.1% compared with the previous year. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 391%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, prepared mustard exports dropped slightly to $X in 2021. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 193%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Timor-Leste (X tons) and Papua New Guinea (X tons) were the main destinations of prepared mustard exports from Indonesia, with a combined 68% share of total exports. These countries were followed by the Netherlands, the United States, Singapore, Australia and Hong Kong SAR, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +151.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the United States ($X) and the Netherlands ($X) were the largest markets for prepared mustard exported from Indonesia worldwide, together comprising 84% of total exports.

The United States, with a CAGR of +222.0%, recorded 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

The average prepared mustard export price stood at $X per ton in 2021, increasing by 3.7% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of 164% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

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 ($X per ton), while the average price for exports to Timor-Leste ($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 the United States (+40.4%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Indonesia

In 2021, overseas purchases of prepared mustard decreased by -11.6% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 122%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, prepared mustard imports shrank to $X in 2021. In general, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 85% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Germany (X tons) and France (X tons) were the main suppliers of prepared mustard imports to Indonesia, with a combined 87% share of total imports. Oman, the Netherlands, China and Canada lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +67.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Oman ($X) appeared to be the largest prepared mustard suppliers to Indonesia, together comprising 87% of total imports.

Among the main suppliers, Oman, with a CAGR of +54.6%, 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

In 2021, the average prepared mustard import price amounted to $X per ton, with an increase of 3.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2013 an increase of 35% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($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 Netherlands (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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