Southern Asia: Prepared Mustard Market 2024

Prepared Mustard Market Size in Southern Asia

The South Asian prepared mustard market dropped modestly to $X in 2021, with a decrease of -2.9% against the previous year. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +77.2% against 2012 indices. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Prepared Mustard Production in Southern Asia

In value terms, prepared mustard production declined slightly to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +67.3% against 2012 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 21%. Over the period under review, production attained the maximum level at $X in 2020, and then declined slightly in the following year.

Prepared Mustard Exports

Exports in Southern Asia

In 2021, overseas shipments of prepared mustard decreased by -33% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 1,226% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, prepared mustard exports declined notably to $X in 2021. Overall, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 749%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Pakistan was the major exporter of prepared mustard in Southern Asia, with the volume of exports recording X tons, which was approx. 43% of total exports in 2021. Bangladesh (X tons) ranks second in terms of the total exports with a 28% share, followed by India (24%) and Sri Lanka (4.9%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Pakistan (with a CAGR of +23.7%), while the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), Bangladesh ($X) and India ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 89% of total exports.

Pakistan, with a CAGR of +21.1%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, rising by 14% against the previous year. Overall, the export price, however, showed a perceptible contraction. The growth pace was the most rapid in 2020 an increase of 40%. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+0.7%), while the other leaders experienced a decline in the export price figures.

Prepared Mustard Imports

Imports in Southern Asia

In 2021, approx. X tons of prepared mustard were imported in Southern Asia; with an increase of 34% compared with the year before. In general, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 106% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, prepared mustard imports soared to $X in 2021. Overall, imports saw a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 110% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Pakistan (X tons) and India (X tons) represented roughly 70% of total imports in 2021. It was distantly followed by Bangladesh (X tons) and Afghanistan (X tons), together comprising a 22% share of total imports. Sri Lanka (X tons), Maldives (X tons) and Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +20.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Pakistan ($X) and Bangladesh ($X) constituted the countries with the highest levels of imports in 2021, with a combined 83% share of total imports.

Among the main importing countries, Pakistan, with a CAGR of +18.3%, 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

In 2021, the import price in Southern Asia amounted to $X per ton, declining by -8.8% against the previous year. Over the period under review, the import price showed a pronounced slump. The pace of growth appeared the most rapid in 2013 when the import price increased by 16%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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