MENA: Prepared Mustard Market 2024

Prepared Mustard Market Size in MENA

In 2021, after nine years of growth, there was significant decline in the MENA's prepared mustard market, when its value decreased by -30% to $X. The total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then dropped sharply in the following year.

Prepared Mustard Production in MENA

In value terms, prepared mustard production fell markedly to $X in 2021 estimated in export price. The total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.6% 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 -23.4% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 18%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Prepared Mustard Exports

Exports in MENA

In 2021, approx. X tons of prepared mustard were exported in MENA; increasing by 40% against 2020 figures. Overall, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 65% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, prepared mustard exports soared to $X in 2021. Over the period under review, exports recorded strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 82%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates was the major exporter of prepared mustard in MENA, with the volume of exports amounting to X tons, which was near 54% of total exports in 2021. Turkey (X tons) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by Morocco (12%), Egypt (5.1%) and Oman (4.8%). Israel (X tons) and Lebanon (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to prepared mustard exports from the United Arab Emirates stood at +12.6%. At the same time, Egypt (+66.3%), Israel (+43.4%), Turkey (+20.3%), Lebanon (+15.8%), Oman (+4.1%) and Morocco (+1.6%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of +66.3% from 2012-2021. Turkey (+7.7 p.p.), Egypt (+5 p.p.), the United Arab Emirates (+4.8 p.p.) and Israel (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while Oman and Morocco saw its share reduced by -4.1% and -15.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) emerged as the largest prepared mustard supplier in MENA, comprising 48% of total exports. The second position in the ranking was held by Turkey ($X), with a 22% share of total exports. It was followed by Morocco, with a 9.8% share.

In the United Arab Emirates, prepared mustard exports expanded at an average annual rate of +19.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkey (+21.7% per year) and Morocco (+0.4% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, reducing by -6.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2013 an increase of 14%. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Morocco ($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 (+5.8%), while the other leaders experienced more modest paces of growth.

Prepared Mustard Imports

Imports in MENA

Prepared mustard imports contracted to X tons in 2021, shrinking by -2.9% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 32% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, prepared mustard imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 34%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The United Arab Emirates was the main importing country with an import of around X tons, which recorded 34% of total imports. Israel (X tons) ranks second in terms of the total imports with a 17% share, followed by Turkey (9.8%) and Lebanon (6.8%). Egypt (X tons), Morocco (X tons), Jordan (X tons), Kuwait (X tons), Iraq (X tons), Oman (X tons), Iran (X tons), Tunisia (X tons) and Djibouti (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of +61.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared mustard importing markets in MENA were the United Arab Emirates ($X), Israel ($X) and Turkey ($X), together comprising 59% of total imports. These countries were followed by Morocco, Lebanon, Jordan, Kuwait, Egypt, Oman, Iraq, Iran, Tunisia and Djibouti, which together accounted for a further 36%.

Iraq, with a CAGR of +51.8%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, surging by 10% against the previous year. In general, the import price showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Djibouti ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform