United Kingdom: Prepared Mustard Market 2024

Prepared Mustard Market Size in the UK

In 2021, the UK prepared mustard market increased by 1.6% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a noticeable descent. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Prepared Mustard Production in the UK

In value terms, prepared mustard production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt downturn. The growth pace was the most rapid in 2017 when the production volume increased by 15%. Prepared mustard production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Prepared Mustard Exports

Exports from the UK

In 2021, after two years of decline, there was significant growth in overseas shipments of prepared mustard, when their volume increased by 31% to X tons. Overall, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, prepared mustard exports surged to $X in 2021. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the maximum at $X in 2018; afterwards, it flattened through to 2021.

Exports by Country

The Netherlands (X tons) was the main destination for prepared mustard exports from the UK, accounting for a 30% share of total exports. Moreover, prepared mustard exports to the Netherlands exceeded the volume sent to the second major destination, Ireland (X tons), threefold. The United States (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +31.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-0.1% per year) and the United States (-1.3% per year).

In value terms, the United States ($X), the Netherlands ($X) and Ireland ($X) were the largest markets for prepared mustard exported from the UK worldwide, with a combined 56% share of total exports. These countries were followed by France, Spain, Sweden, the United Arab Emirates, Hong Kong SAR, Germany, New Zealand, Turkey, Denmark and Bahrain, which together accounted for a further 28%.

Among the main countries of destination, Sweden, with a CAGR of +34.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average prepared mustard export price stood at $X per ton in 2021, standing approx. at the previous year. In general, the export price, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2017 when the average export price increased by 7.9% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into the UK

In 2021, after three years of decline, there was growth in purchases abroad of prepared mustard, when their volume increased by 4.3% to X tons. Over the period under review, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 28% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, prepared mustard imports totaled $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 25% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

France (X tons), the United States (X tons) and the Netherlands (X tons) were the main suppliers of prepared mustard imports to the UK, together accounting for 73% of total imports. Poland, Germany, Canada and Belgium lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +12.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared mustard suppliers to the UK were France ($X), the United States ($X) and Poland ($X), together comprising 73% of total imports. Canada, the Netherlands, Germany and Belgium lagged somewhat behind, together accounting for a further 19%.

Belgium, with a CAGR of +22.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average prepared mustard import price amounted to $X per ton, picking up by 5.9% against the previous year. Overall, the import price, however, recorded a pronounced reduction. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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