South Africa: Prepared Mustard Market 2024

Prepared Mustard Market Size in South Africa

In 2021, the South African prepared mustard market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Prepared Mustard Production in South Africa

In value terms, prepared mustard production rose remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; 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 17%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Prepared Mustard Exports

Exports from South Africa

In 2021, shipments abroad of prepared mustard decreased by -15.4% to X tons, falling for the third year in a row after two years of growth. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 86%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared mustard exports expanded remarkably to $X in 2021. Overall, exports showed a noticeable decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 82% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Lesotho (X tons) was the main destination for prepared mustard exports from South Africa, accounting for a 43% share of total exports. Moreover, prepared mustard exports to Lesotho exceeded the volume sent to the second major destination, Botswana (X tons), threefold. Namibia (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Lesotho stood at +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (-0.5% per year) and Namibia (-0.3% per year).

In value terms, Lesotho ($X) remains the key foreign market for prepared mustard exports from South Africa, comprising 38% of total exports. The second position in the ranking was held by Botswana ($X), with a 16% share of total exports. It was followed by Namibia, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Lesotho was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+0.9% per year) and Namibia (-0.6% per year).

Export Prices by Country

The average prepared mustard export price stood at $X per ton in 2021, with an increase of 30% against the previous year. Overall, the export price, however, showed a pronounced descent. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per ton) and Namibia ($X per ton), while the average price for exports to Lesotho ($X per ton) and Zimbabwe ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.

Prepared Mustard Imports

Imports into South Africa

In 2021, overseas purchases of prepared mustard decreased by -0.9% to X tons, falling for the second consecutive year after four years of growth. The total import volume increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 25%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, prepared mustard imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 21%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Canada (X tons), Germany (X tons) and France (X tons) were the main suppliers of prepared mustard imports to South Africa, together accounting for 83% of total imports. These countries were followed by the United States and Egypt, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +78.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared mustard suppliers to South Africa were France ($X), Germany ($X) and Canada ($X), together comprising 76% of total imports. These countries were followed by the United States and Egypt, which together accounted for a further 21%.

Egypt, with a CAGR of +60.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, rising by 21% against the previous year. Over the period under review, the import price, however, saw a slight decrease. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada ($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 United States (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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