Southern Asia: Prepared Mustard Market 2024

Prepared Mustard Market Size in Southern Asia

The South Asian prepared mustard market rose modestly to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Prepared Mustard Production in Southern Asia

In value terms, prepared mustard production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Prepared Mustard Exports

Exports in Southern Asia

Prepared mustard exports shrank to X tons in 2023, waning by X% against 2022 figures. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2023, the growth of the exports failed to regain momentum.

In value terms, prepared mustard exports declined to $X in 2023. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, India (X tons) was the key exporter of prepared mustard, generating X% of total exports. It was distantly followed by Bangladesh (X tons), achieving a X% share of total exports. Sri Lanka (X tons) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to prepared mustard exports from India stood at X%. At the same time, Bangladesh (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. India (X p.p.) and Bangladesh (X p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual rate of growth in terms of value in India totaled X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

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

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

Prepared Mustard Imports

Imports in Southern Asia

In 2023, overseas purchases of prepared mustard decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, prepared mustard imports surged to $X in 2023. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, India (X tons) was the largest importer of prepared mustard, creating X% of total imports. It was distantly followed by Maldives (X tons), Bangladesh (X tons), Pakistan (X tons) and Afghanistan (X tons), together achieving a X% share of total imports. Sri Lanka (X tons) and Nepal (X tons) took a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared mustard importing markets in Southern Asia were India ($X), Maldives ($X) and Bangladesh ($X), together comprising X% of total imports. Pakistan, Afghanistan, Sri Lanka and Nepal lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Nepal, with a CAGR of X%, saw the highest growth rate of 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

The import price in Southern Asia stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform