Russian Federation: Prepared Mustard Market 2024

Prepared Mustard Market Size in the Russian Federation

The Russian prepared mustard market totaled $X in 2021, growing by 5.1% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Prepared mustard consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Prepared Mustard Production in the Russian Federation

In value terms, prepared mustard production rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 13% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Prepared Mustard Exports

Exports from the Russian Federation

In 2021, prepared mustard exports from Russia dropped slightly to X tons, which is down by -4% against the previous year's figure. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +9.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +37.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 43%. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, prepared mustard exports amounted to $X in 2021. Overall, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +30.0% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by 31% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Kazakhstan (X tons) was the main destination for prepared mustard exports from Russia, accounting for a 29% share of total exports. Moreover, prepared mustard exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X tons), twofold. Ukraine (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan totaled +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+21.9% per year) and Ukraine (+72.5% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for prepared mustard exports from Russia, comprising 32% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 13% share of total exports. It was followed by Belarus, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan totaled +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+55.9% per year) and Belarus (+18.6% per year).

Export Prices by Country

The average prepared mustard export price stood at $X per ton in 2021, increasing by 13% against the previous year. In general, the export price, however, recorded a slight descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 17%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Latvia ($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 Latvia (-1.0%), while the prices for the other major destinations experienced a decline.

Prepared Mustard Imports

Imports into the Russian Federation

Prepared mustard imports into Russia reached X tons in 2021, growing by 11% against 2020 figures. Overall, total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.3% 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 increased by +76.1% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 25%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, prepared mustard imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of 18%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest prepared mustard supplier to Russia, with a 18% share of total imports. Moreover, prepared mustard imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Belarus (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from Poland totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.6% per year) and Belarus (-6.5% per year).

In value terms, the largest prepared mustard suppliers to Russia were Poland ($X), Germany ($X) and Belarus ($X), with a combined 33% share of total imports. Sweden, Finland, Lithuania, France, the Netherlands and Ukraine lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, Sweden, with a CAGR of +4.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared mustard import price stood at $X per ton in 2021, picking up by 5.7% against the previous year. In general, the import price, however, continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2014 an increase of 8.8% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+7.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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