Sri Lanka: Mustard Seed Market 2025

Mustard Seed Market Size in Sri Lanka

In 2022, the Sri Lankan mustard seed market decreased by -39.2% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then dropped rapidly in the following year.

Mustard Seed Production in Sri Lanka

In value terms, mustard seed production dropped markedly to $X in 2022 estimated in export price. In general, production saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the production volume increased by 92% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

The average yield of mustard seed in Sri Lanka dropped remarkably to X tons per ha in 2022, with a decrease of -17.4% against the year before. Over the period under review, the yield, however, showed strong growth. The most prominent rate of growth was recorded in 2021 when the yield increased by 142% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then dropped rapidly 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, the mustard seed harvested area in Sri Lanka shrank rapidly to X ha, with a decrease of -29.2% on 2021 figures. Overall, the harvested area saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when the harvested area increased by 144%. The mustard seed harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Mustard Seed Exports

Exports from Sri Lanka

Mustard seed exports from Sri Lanka reduced notably to X tons in 2022, waning by -29.7% on the year before. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 198%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mustard seed exports reduced dramatically to $X in 2022. In general, exports recorded a mild reduction. The pace of growth appeared the most rapid in 2019 with an increase of 246%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Maldives (X tons), the United Arab Emirates (X tons) and the UK (X kg) were the main destinations of mustard seed exports from Sri Lanka, with a combined 69% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +34.1%), while the other leaders experienced more modest paces of growth.

In value terms, Maldives ($X) emerged as the key foreign market for mustard seed exports from Sri Lanka, comprising 44% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 17% share of total exports. It was followed by South Korea, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives amounted to +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+31.5% per year) and South Korea (-9.6% per year).

Export Prices by Country

In 2022, the average mustard seed export price amounted to $X per ton, growing by 17% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 48%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, 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 New Zealand ($X per ton), while the average price for exports to the UK ($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 New Zealand (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Mustard Seed Imports

Imports into Sri Lanka

In 2022, mustard seed imports into Sri Lanka fell significantly to X tons, shrinking by -35.8% compared with the previous year's figure. Overall, imports continue to indicate a mild descent. The most prominent rate of growth was recorded in 2017 when imports increased by 474% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then reduced dramatically in the following year.

In value terms, mustard seed imports plummeted to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 565% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

In 2022, India (X tons) was the main supplier of mustard seed to Sri Lanka, with a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from India was relatively modest.

In value terms, India ($X) constituted the largest supplier of mustard seed to Sri Lanka.

From 2012 to 2022, the average annual growth rate of value from India was relatively modest.

Import Prices by Country

The average mustard seed import price stood at $X per ton in 2022, declining by -5.7% against the previous year. In general, the import price, however, saw a slight expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 39%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Pakistan amounted to +4.3% per year.

Source: IndexBox Platform

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