Central Asia: Prepared Mustard Market 2024

Prepared Mustard Market Size in Central Asia

The Central Asian prepared mustard market amounted to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption saw prominent growth. The level of consumption peaked in 2023 and is expected to retain growth in years to come.

Prepared Mustard Production in Central Asia

In value terms, prepared mustard production rose slightly to $X in 2023 estimated in export price. Over the period under review, production recorded a strong increase. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Prepared Mustard Exports

Exports in Central Asia

In 2023, the amount of prepared mustard exported in Central Asia fell slightly to X tons, declining by X% compared with the previous year's figure. In general, exports saw a noticeable shrinkage. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, prepared mustard exports contracted to $X in 2023. Over the period under review, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

Kazakhstan prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2023. Uzbekistan (X kg) took a relatively small share of total exports.

Exports from Kazakhstan decreased at an average annual rate of X% from 2012 to 2023. Uzbekistan experienced a relatively flat trend pattern. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest prepared mustard supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports.

In Kazakhstan, prepared mustard exports plunged by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Prepared Mustard Imports

Imports in Central Asia

For the fourth year in a row, Central Asia recorded growth in overseas purchases of prepared mustard, which increased by X% to X tons in 2023. In general, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, prepared mustard imports reduced to $X in 2023. Overall, imports saw resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan was the key importer of prepared mustard in Central Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2023. Uzbekistan (X tons) took the second position in the ranking, followed by Mongolia (X tons), Kyrgyzstan (X tons) and Tajikistan (X tons). All these countries together took approx. X% share of total imports.

Imports into Kazakhstan increased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%), Mongolia (X%), Tajikistan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Uzbekistan and Mongolia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported prepared mustard in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports. It was followed by Mongolia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Kazakhstan stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (X% per year) and Mongolia (X% per year).

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, which is down by X% against the previous year. In general, the import price showed a slight decline. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform