Romania: Mustard Seed Market 2024

Mustard Seed Market Size in Romania

In 2022, the Romanian mustard seed market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption posted a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Mustard Seed Production in Romania

In value terms, mustard seed production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 45% against the previous year. Mustard seed production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average yield of mustard seed in Romania totaled X tons per ha, with an increase of 3.4% on 2021. Over the period under review, the yield showed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 30% against the previous year. Over the period under review, the average mustard seed yield reached the peak level at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of mustard seed were harvested in Romania; waning by -1.9% compared with the previous year. In general, the harvested area continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 39%. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the mustard seed harvested area failed to regain momentum.

Mustard Seed Exports

Exports from Romania

In 2022, after three years of growth, there was significant decline in overseas shipments of mustard seed, when their volume decreased by -35% to X tons. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, mustard seed exports reduced markedly to $X in 2022. Overall, exports recorded a slight decline. The pace of growth appeared the most rapid in 2021 when exports increased by 103% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Germany (X tons) and Austria (X tons) were the main destinations of mustard seed exports from Romania, together comprising 90% of total exports. Belgium, Hungary, Moldova and the Netherlands lagged somewhat behind, together comprising a further 8.3%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Moldova (with a CAGR of +53.5%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Austria ($X) appeared to be the largest markets for mustard seed exported from Romania worldwide, together comprising 87% of total exports. Belgium, Moldova, Hungary and the Netherlands lagged somewhat behind, together accounting for a further 10%.

Moldova, with a CAGR of +64.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mustard seed export price stood at $X per ton in 2022, increasing by 5.9% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 +81.1% against 2016 indices. The growth pace was the most rapid in 2013 when the average export price increased by 23%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Austria ($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 Moldova (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mustard Seed Imports

Imports into Romania

In 2022, the amount of mustard seed imported into Romania amounted to X tons, picking up by 13% compared with 2021. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 69%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, mustard seed imports skyrocketed to $X in 2022. In general, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Moldova (X tons) constituted the largest mustard seed supplier to Romania, accounting for a 57% share of total imports. Moreover, mustard seed imports from Moldova exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Ukraine (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Moldova amounted to +41.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+33.9% per year) and Ukraine (-10.8% per year).

In value terms, Moldova ($X) constituted the largest supplier of mustard seed to Romania, comprising 56% of total imports. The second position in the ranking was taken by Poland ($X), with a 23% 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 Moldova totaled +55.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+32.0% per year) and Ukraine (-1.6% per year).

Import Prices by Country

The average mustard seed import price stood at $X per ton in 2022, growing by 61% against the previous year. Over the period under review, the import price posted a buoyant increase. 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 Ukraine ($X per ton), while the price for Russia ($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 (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :