Pakistan: Prepared Mustard Market 2024

Prepared Mustard Market Size in Pakistan

In 2021, after four years of growth, there was significant decline in the Pakistani prepared mustard market, when its value decreased by -7.8% to $X. In general, consumption, however, saw strong growth. Over the period under review, the market attained the peak level at $X in 2020, and then contracted in the following year.

Prepared Mustard Production in Pakistan

In value terms, prepared mustard production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 81%. Over the period under review, production attained the maximum level at $X in 2020, and then contracted in the following year.

Prepared Mustard Exports

Exports from Pakistan

In 2021, shipments abroad of prepared mustard increased by 61% to X tons, rising for the fourth consecutive year after three years of decline. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 528%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, prepared mustard exports soared to $X in 2021. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 633% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Afghanistan (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main destinations of prepared mustard exports from Pakistan, together comprising 85% of total exports. These countries were followed by France, Tanzania, Italy and Kuwait, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Tanzania (with a CAGR of +83.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared mustard exported from Pakistan were Saudi Arabia ($X), the United Arab Emirates ($X) and Afghanistan ($X), together comprising 67% of total exports. France, Italy, Kuwait and Tanzania lagged somewhat behind, together comprising a further 25%.

Among the main countries of destination, Tanzania, with a CAGR of +78.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average prepared mustard export price amounted to $X per ton, rising by 21% against the previous year. Overall, the export price, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2013 an increase of 25%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Tanzania ($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 Germany (+107.5%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Pakistan

In 2021, supplies from abroad of prepared mustard was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports showed a significant increase. The growth pace was the most rapid in 2017 with an increase of 340% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, prepared mustard imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 289%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest prepared mustard supplier to Pakistan, accounting for a 56% share of total imports. Moreover, prepared mustard imports from the United States exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. The third position in this ranking was held by Egypt (X tons), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+64.4% per year) and Egypt (+0.3% per year).

In value terms, the United States ($X) constituted the largest supplier of prepared mustard to Pakistan, comprising 46% of total imports. The second position in the ranking was held by the UK ($X), with an 18% share of total imports. It was followed by the United Arab Emirates, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+61.7% per year) and the United Arab Emirates (+59.5% per year).

Import Prices by Country

In 2021, the average prepared mustard import price amounted to $X per ton, which is down by -12.9% against the previous year. Overall, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in 2014 an increase of 49% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the United Arab Emirates ($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 UK (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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