New Zealand: Mustard Seed Market 2025

Mustard Seed Market Size in New Zealand

After two years of decline, the New Zealand mustard seed market increased by 1,991% to $X in 2022. Over the period under review, consumption saw a relatively flat trend pattern. Mustard seed consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Mustard Seed Production in New Zealand

In value terms, mustard seed production declined to $X in 2022 estimated in export price. In general, production, however, showed a pronounced slump. The pace of growth was the most pronounced in 2018 with an increase of 7.9%. Mustard seed production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average mustard seed yield in New Zealand totaled less than X kg per ha, remaining constant against 2021. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of mustard seed were harvested in New Zealand; almost unchanged from 2021 figures. Overall, the harvested area showed a relatively flat trend pattern.

Mustard Seed Exports

Exports from New Zealand

In 2022, after two years of growth, there was significant decline in shipments abroad of mustard seed, when their volume decreased by -47.7% to X tons. In general, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 284% against the previous year. The exports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, mustard seed exports reduced rapidly to $X in 2022. Overall, exports recorded a pronounced reduction. The pace of growth was the most pronounced in 2020 with an increase of 246% against the previous year. The exports peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

Vietnam (X tons), the Netherlands (X tons) and Thailand (X tons) were the main destinations of mustard seed exports from New Zealand, with a combined 83% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +26.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) emerged as the key foreign market for mustard seed exports from New Zealand, comprising 50% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 21% share of total exports. It was followed by Thailand, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+18.5% per year) and Thailand (+12.1% per year).

Export Prices by Country

In 2022, the average mustard seed export price amounted to $X per ton, surging by 5.4% against the previous year. Over the period under review, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 11% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Mustard Seed Imports

Imports into New Zealand

After three years of growth, purchases abroad of mustard seed decreased by -17.5% to X tons in 2022. Overall, imports showed a slight decrease. The growth pace was the most rapid in 2017 when imports increased by 25%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, mustard seed imports expanded sharply to $X in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), the United States (X tons) and Australia (X tons) were the main suppliers of mustard seed imports to New Zealand, with a combined 98% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +1.5%), while imports for the other leaders experienced a decline.

In value terms, the largest mustard seed suppliers to New Zealand were the United States ($X), India ($X) and Australia ($X), together comprising 95% of total imports.

In terms of the main suppliers, India, with a CAGR of +9.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average mustard seed import price stood at $X per ton in 2022, rising by 35% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mustard seed import price increased by +75.8% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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