Middle East: Prepared Mustard Market 2024

Prepared Mustard Market Size in the Middle East

After nine years of growth, the Middle Eastern prepared mustard market decreased by -40% to $X in 2021. The total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.1% 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 declined dramatically in the following year.

Prepared Mustard Production in the Middle East

In value terms, prepared mustard production contracted dramatically to $X in 2021 estimated in export price. The total production indicated a moderate increase 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. Based on 2021 figures, production decreased by -32.3% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 17% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Prepared Mustard Exports

Exports in the Middle East

Prepared mustard exports skyrocketed to X tons in 2021, with an increase of 47% compared with the year before. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 53%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, prepared mustard exports surged to $X in 2021. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 76% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of about X tons, which accounted for 66% of total exports. It was distantly followed by Turkey (X tons) and Oman (X tons), together achieving a 25% share of total exports. The following exporters - Israel (X tons) and Lebanon (X tons) - together made up 6.8% of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +12.6% from 2012 to 2021. At the same time, Israel (+43.4%), Turkey (+20.3%), Lebanon (+15.8%) and Oman (+4.1%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +43.4% from 2012-2021. Turkey (+8.1 p.p.) and Israel (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Oman saw its share reduced by -1.8% and -6.4% 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 ($X) emerged as the largest prepared mustard supplier in the Middle East, comprising 57% of total exports. The second position in the ranking was held by Turkey ($X), with a 26% share of total exports. It was followed by Oman, with a 5.2% share.

In the United Arab Emirates, prepared mustard exports increased at an average annual rate of +19.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+21.7% per year) and Oman (+4.1% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, waning by -10.9% against the previous year. Over the last nine years, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2013 when the export price increased by 28% against the previous year. 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 ($X per ton), while the United Arab Emirates ($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 the Middle East

In 2021, overseas purchases of prepared mustard decreased by -2.8% to X tons, falling for the second year in a row after three years of growth. Total imports indicated a resilient increase from 2012 to 2021: its volume 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, imports decreased by -7.1% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 37%. As a result, imports reached 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 rapidly to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.1% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of 35%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

The United Arab Emirates was the major importing country with an import of about X tons, which reached 39% of total imports. Israel (X tons) ranks second in terms of the total imports with a 20% share, followed by Turkey (11%), Lebanon (7.9%) and Jordan (4.6%). The following importers - Kuwait (X tons) and Iraq (X tons) - each amounted to a 7.7% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +61.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared mustard importing markets in the Middle East were the United Arab Emirates ($X), Israel ($X) and Turkey ($X), with a combined 69% share of total imports. Lebanon, Jordan, Kuwait and Iraq lagged somewhat behind, together accounting for a further 21%.

Iraq, with a CAGR of +51.8%, recorded the highest rates of growth with regard to 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

In 2021, the import price in the Middle East amounted to $X per ton, growing by 10% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 11% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kuwait ($X per ton), while Iraq ($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

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