Slovakia: Mustard Seed Market 2024

Mustard Seed Market Size in Slovakia

The Slovak mustard seed market shrank markedly to $X in 2022, reducing by -33.7% against the previous year. In general, consumption, however, showed a prominent expansion. Over the period under review, the market attained the peak level at $X in 2021, and then shrank notably in the following year.

Mustard Seed Production in Slovakia

In value terms, mustard seed production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight descent. The growth pace was the most rapid in 2014 with an increase of 58%. Mustard seed production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In 2022, the average mustard seed yield in Slovakia amounted to X kg per ha, leveling off at the year before. The yield figure increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by 40%. The mustard seed yield peaked at X kg per ha in 2014; however, from 2015 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of mustard seed in Slovakia totaled X ha, flattening at 2021 figures. The harvested area increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 53%. Over the period under review, the harvested area dedicated to mustard seed production reached the maximum at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Mustard Seed Exports

Exports from Slovakia

In 2022, approx. X tons of mustard seed were exported from Slovakia; picking up by 145% against the previous year. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,082% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, mustard seed exports surged to $X in 2022. Overall, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by 1,149%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Hungary (X tons), Germany (X tons) and Austria (X tons) were the main destinations of mustard seed exports from Slovakia, together accounting for 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +109.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) remains the key foreign market for mustard seed exports from Slovakia, comprising 58% of total exports. The second position in the ranking was taken by Germany ($X), with a 28% share of total exports. It was followed by Austria, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Hungary totaled +69.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.2% per year) and Austria (+5.7% per year).

Export Prices by Country

The average mustard seed export price stood at $X per ton in 2022, rising by 55% against the previous year. Overall, the export price enjoyed a modest expansion. As a result, the export price reached the peak level 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 the Czech Republic ($X per ton), while the average price for exports to Austria ($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 Germany (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Mustard Seed Imports

Imports into Slovakia

In 2022, overseas purchases of mustard seed decreased by -53.5% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 324%. Over the period under review, imports reached the maximum at X tons in 2021, and then declined notably in the following year.

In value terms, mustard seed imports reduced slightly to $X in 2022. Overall, imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 131%. As a result, imports reached the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest mustard seed supplier to Slovakia, with a 44% share of total imports. Moreover, mustard seed imports from Poland exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. The third position in this ranking was taken by Estonia (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+3.5% per year) and Estonia (0.0% per year).

In value terms, Poland ($X) constituted the largest supplier of mustard seed to Slovakia, comprising 47% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 21% share of total imports. It was followed by Russia, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from Poland totaled +38.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+11.2% per year) and Russia (+36.5% per year).

Import Prices by Country

The average mustard seed import price stood at $X per ton in 2022, surging by 110% against the previous year. Overall, the import price, however, recorded a deep downturn. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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