Canada - Prepared Mustard - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrepared Mustard Price in Canada - 2023
Contents:
- Prepared Mustard Price in Canada (CIF) - 2023
- Prepared Mustard Price in Canada (FOB) - 2023
- Prepared Mustard Imports in Canada
- Prepared Mustard Exports in Canada
Prepared Mustard Price in Canada (CIF) - 2023
The average prepared mustard import price stood at $2,128 per ton in September 2023, increasing by 14% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in November 2022 an increase of 14% month-to-month. Over the period under review, average import prices reached the peak figure in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was France ($4,384 per ton), while the price for the United States ($1,686 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Prepared Mustard Price in Canada (FOB) - 2023
The average prepared mustard export price stood at $3,586 per ton in September 2023, reducing by -5.2% against the previous month. Overall, the export price saw a slight reduction. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 27% against the previous month. As a result, the export price attained the peak level of $4,389 per ton. From July 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Turkey ($4,652 per ton), while the average price for exports to Germany ($857 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Prepared Mustard Imports in Canada
In 2022, approx. 20K tons of prepared mustard were imported into Canada; picking up by 2.1% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 3.6% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, prepared mustard imports stood at $30M in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 6.2%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
Import of Prepared Mustard in Canada (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 17.3 | 18.1 | 19.1 | 23.8 | 11.2% |
France | 7.3 | 8.1 | 8.6 | 5.5 | -9.0% |
Others | 1.2 | 0.8 | 1.0 | 0.9 | -9.1% |
Total | 25.8 | 27.0 | 28.7 | 30.2 | 5.4% |
Top Suppliers of Prepared Mustard to Canada in 2022:
- United States (17.5K tons)
- France (1.9K tons)
Prepared Mustard Exports in Canada
In 2022, prepared mustard exports from Canada stood at 16K tons, surging by 8.9% against 2021 figures. The total export volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, prepared mustard exports soared to $46M in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Prepared Mustard in Canada (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 12.7 | 14.0 | 15.0 | 23.0 | 21.9% |
Japan | 2.1 | 2.1 | 2.4 | 3.3 | 16.3% |
South Korea | 1.0 | 0.9 | 1.2 | 2.5 | 35.7% |
Netherlands | 1.0 | 0.8 | 0.9 | 1.9 | 23.9% |
United Kingdom | 1.1 | 1.0 | 1.1 | 1.7 | 15.6% |
Colombia | 0.3 | 0.7 | 1.5 | 1.6 | 74.7% |
Argentina | 0.1 | 0.3 | 0.4 | 0.8 | 100.0% |
South Africa | 0.5 | 0.3 | 0.4 | 0.7 | 11.9% |
Switzerland | N/A | 0.1 | 0.2 | 0.7 | 164.6% |
Australia | 0.5 | 0.5 | 0.7 | 0.6 | 6.3% |
Egypt | N/A | 0.1 | 0.1 | 0.5 | 123.6% |
Others | 2.8 | 2.7 | 4.2 | 8.9 | 47.0% |
Total | 22.0 | 23.5 | 28.1 | 46.3 | 28.2% |
Top Export Markets for Prepared Mustard from Canada in 2022:
- United States (6.8K tons)
- Japan (1.1K tons)
- South Korea (1.0K tons)
- Colombia (0.7K tons)
- Netherlands (0.6K tons)
- United Kingdom (0.6K tons)
- South Africa (0.4K tons)
- Switzerland (0.4K tons)
- Argentina (0.4K tons)
- Egypt (0.2K tons)
- Australia (0.2K tons)
This report provides an in-depth analysis of the prepared mustard market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10841253 - Mustard flour and meal
- Prodcom 10841255 - Prepared mustard
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In February 2023, the prepared mustard price stood at $1,916 per ton (CIF, Canada), with an increase of 6.9% against the previous month.
The most significant growth rate was observed in May 2023, with a 19% increase compared to the previous month. In terms of value, imports of Tomato Ketchup declined notably to $16M in January 2024.