Japan: Prepared Mustard Market 2024

Prepared Mustard Market Size in Japan

The Japanese prepared mustard market totaled $X in 2021, remaining constant against the previous year. Overall, consumption, however, showed a strong increase. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Prepared Mustard Production in Japan

In value terms, prepared mustard production stood at $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 119%. Prepared mustard production peaked at $X in 2019; afterwards, it flattened through to 2021.

Prepared Mustard Exports

Exports from Japan

After two years of decline, shipments abroad of prepared mustard increased by 43% to X tons in 2021. In general, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2015 when exports increased by 154% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared mustard exports surged to $X in 2021. Overall, exports, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 51% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for prepared mustard exports from Japan, accounting for a 66% share of total exports. Moreover, prepared mustard exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), sixfold. The third position in this ranking was held by Thailand (X tons), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+0.7% per year) and Thailand (+5.9% per year).

In value terms, the United States ($X) remains the key foreign market for prepared mustard exports from Japan, comprising 75% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 6.3% share of total exports. It was followed by Vietnam, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-2.5% per year) and Vietnam (-3.4% per year).

Export Prices by Country

The average prepared mustard export price stood at $X per ton in 2021, waning by -8.8% against the previous year. Overall, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared mustard export price decreased by -17.3% against 2017 indices. The pace of growth was the most pronounced in 2016 an increase of 58%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Thailand ($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 Arab Emirates (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Japan

In 2021, the amount of prepared mustard imported into Japan rose remarkably to X tons, increasing by 6.5% compared with 2020. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 12% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, prepared mustard imports amounted to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 12% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

The United States (X tons), France (X tons) and Canada (X tons) were the main suppliers of prepared mustard imports to Japan, with a combined 84% share of total imports. These countries were followed by Thailand, the Philippines, South Korea and China, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +100.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of prepared mustard to Japan, comprising 49% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by Canada, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from France amounted to -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.6% per year) and Canada (-2.5% per year).

Import Prices by Country

In 2021, the average prepared mustard import price amounted to $X per ton, surging by 1.6% against the previous year. Overall, the import price, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2019 an increase of 3%. The import price peaked at $X per ton in 2012; however, from 2013 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 France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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