Italy: Prepared Mustard Market 2024

Prepared Mustard Market Size in Italy

In 2021, the Italian prepared mustard market increased by 5% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a noticeable curtailment. The pace of growth was the most pronounced in 2018 when the market value increased by 8.9% against the previous year. Prepared mustard consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Prepared Mustard Production in Italy

In value terms, prepared mustard production expanded slightly to $X in 2021 estimated in export price. In general, production, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 13%. Prepared mustard production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Prepared Mustard Exports

Exports from Italy

In 2021, overseas shipments of prepared mustard increased by 76% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 99%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, prepared mustard exports soared to $X in 2021. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 92%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for prepared mustard exports from Italy, accounting for a 82% share of total exports. It was followed by Canada (X tons), with a 2.6% share of total exports. The United States (X tons) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to Australia totaled +114.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+44.8% per year) and the United States (+18.7% per year).

In value terms, Australia ($X) remains the key foreign market for prepared mustard exports from Italy, comprising 83% of total exports. The second position in the ranking was taken by France ($X), with a 2.9% share of total exports. It was followed by Canada, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value to Australia totaled +91.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+48.2% per year) and Canada (+39.0% per year).

Export Prices by Country

In 2021, the average prepared mustard export price amounted to $X per ton, dropping by -3.1% against the previous year. Overall, the export price saw a pronounced curtailment. The pace of growth appeared the most rapid in 2017 an increase of 11%. 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Ghana ($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 France (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Prepared Mustard Imports

Imports into Italy

In 2021, approx. X tons of prepared mustard were imported into Italy; jumping by 17% on the year before. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 30% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, prepared mustard imports soared to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of prepared mustard imports to Italy, together comprising 79% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +35.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of prepared mustard to Italy, comprising 45% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by Poland, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.1% per year) and Poland (+36.5% per year).

Import Prices by Country

The average prepared mustard import price stood at $X per ton in 2021, increasing by 19% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 23%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 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 Sweden ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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