Poland: Mustard Seed Market 2024

Mustard Seed Market Size in Poland

The Polish mustard seed market surged to $X in 2022, with an increase of 178% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mustard Seed Exports

Exports from Poland

For the eighth consecutive year, Poland recorded growth in shipments abroad of mustard seed, which increased by 10% to X tons in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 60% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, mustard seed exports skyrocketed to $X in 2022. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2019 when exports increased by 70% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for mustard seed exports from Poland, with a 37% share of total exports. Moreover, mustard seed exports to Germany exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was taken by Hungary (X tons), with a 9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+15.5% per year) and Hungary (+21.6% per year).

In value terms, Germany ($X) remains the key foreign market for mustard seed exports from Poland, comprising 35% of total exports. The second position in the ranking was held by the United States ($X), with an 8.9% share of total exports. It was followed by France, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+67.9% per year) and France (+18.6% per year).

Export Prices by Country

The average mustard seed export price stood at $X per ton in 2022, with an increase of 36% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mustard seed export price increased by +97.9% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Hungary ($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 Serbia (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mustard Seed Imports

Imports into Poland

In 2022, approx. X tons of mustard seed were imported into Poland; rising by 40% compared with 2021 figures. Overall, imports saw strong growth. The growth pace was the most rapid in 2014 with an increase of 66%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, mustard seed imports surged to $X in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest mustard seed supplier to Poland, accounting for a 65% share of total imports. Moreover, mustard seed imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), sixfold. Kazakhstan (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to +43.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+1.2% per year) and Kazakhstan (+8.6% per year).

In value terms, Russia ($X) constituted the largest supplier of mustard seed to Poland, comprising 68% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 10% share of total imports. It was followed by Ukraine, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to +49.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+20.5% per year) and Ukraine (+2.5% per year).

Import Prices by Country

The average mustard seed import price stood at $X per ton in 2022, picking up by 64% against the previous year. Overall, the import price saw a buoyant expansion. The growth pace was the most rapid in 2021 an increase of 84%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Canada ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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