Iran: Prepared Mustard Market 2024

Prepared Mustard Market Size in Iran

The Iranian prepared mustard market skyrocketed to $X in 2021, rising by 18% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.3% against 2019 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Prepared Mustard Production in Iran

In value terms, prepared mustard production surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% 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 -16.8% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 50%. Prepared mustard production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Prepared Mustard Exports

Exports from Iran

In 2021, exports of prepared mustard from Iran skyrocketed to X tons, growing by 308% compared with the previous year's figure. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared mustard exports soared to $X in 2021. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X kg), Oman (X kg) and Armenia (X kg) were the main destinations of prepared mustard exports from Iran, together comprising 61% of total exports.

From 2012 to 2021, the biggest increases were recorded for Armenia (with a CAGR of +12.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared mustard exported from Iran were Bahrain ($X), Cyprus ($X) and Armenia ($X), together accounting for 55% of total exports.

Among the main countries of destination, Armenia, with a CAGR of +15.3%, recorded the highest growth rate of the value of exports, 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, picking up by 48% against the previous year. In general, the export price enjoyed a tangible increase. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 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 Cyprus ($X per ton), while the average price for exports to the Netherlands ($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 Austria (+37.5%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Iran

In 2021, prepared mustard imports into Iran skyrocketed to X tons, jumping by 77% compared with the previous year. Over the period under review, imports continue to indicate noticeable growth. The pace of growth was the most pronounced in 2013 with an increase of 306%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, prepared mustard imports surged to $X in 2021. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 340% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Canada (X tons), Russia (X tons) and Ukraine (X tons) were the main suppliers of prepared mustard imports to Iran, with a combined 70% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +22.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of prepared mustard to Iran, comprising 45% of total imports. The second position in the ranking was held by Russia ($X), with a 12% share of total imports. It was followed by the United Arab Emirates, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada amounted to +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+31.5% per year) and the United Arab Emirates (-16.2% per year).

Import Prices by Country

In 2021, the average prepared mustard import price amounted to $X per ton, picking up by 25% against the previous year. In general, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :