Southern Asia: Mustard Seed Market 2025

Mustard Seed Market Size in Southern Asia

After four years of growth, the South Asian mustard seed market decreased by -12.5% to $X in 2022. The market value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2021, and then fell in the following year.

Mustard Seed Production in Southern Asia

In value terms, mustard seed production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 54% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Nepal (X tons) remains the largest mustard seed producing country in Southern Asia, accounting for 79% of total volume. Moreover, mustard seed production in Nepal exceeded the figures recorded by the second-largest producer, India (X tons), fourfold.

In Nepal, mustard seed production increased at an average annual rate of +4.1% over the period from 2012-2022.

In 2022, the average mustard seed yield in Southern Asia fell to X tons per ha, leveling off at the previous year. The yield figure increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2016 when the yield increased by 13%. The level of yield peaked at X tons per ha in 2021, and then shrank slightly in the following year. 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 Southern Asia; remaining relatively unchanged against the previous year's figure. The harvested area increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2019 when the harvested area increased by 16%. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the mustard seed harvested area remained at a lower figure.

Mustard Seed Exports

Exports in Southern Asia

In 2022, mustard seed exports in Southern Asia skyrocketed to X tons, picking up by 62% on the year before. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 110% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, mustard seed exports surged to $X in 2022. Overall, exports showed a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by 86% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, India (X tons) was the largest exporter of mustard seed in Southern Asia, committing 99% of total export.

India was also the fastest-growing in terms of the mustard seed exports, with a CAGR of +11.0% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest mustard seed supplier in Southern Asia.

In India, mustard seed exports increased at an average annual rate of +12.4% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, rising by 4.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2021 an increase of 32% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +1.3% per year.

Mustard Seed Imports

Imports in Southern Asia

In 2022, after two years of growth, there was significant decline in purchases abroad of mustard seed, when their volume decreased by -15.6% to X tons. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 78%. The volume of import peaked at X tons in 2021, and then contracted remarkably in the following year.

In value terms, mustard seed imports contracted markedly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 89%. The level of import peaked at $X in 2021, and then dropped significantly in the following year.

Imports by Country

Nepal (X tons) and Bangladesh (X tons) prevails in imports structure, together committing 96% of total imports. Sri Lanka (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +1.5%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest mustard seed importing markets in Southern Asia were Nepal ($X), Bangladesh ($X) and Sri Lanka ($X), with a combined 97% share of total imports.

Bangladesh, with a CAGR of +1.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, shrinking by -8.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 when the import price increased by 27%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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