CIS: Prepared Mustard Market 2024

Prepared Mustard Market Size in CIS

After two years of decline, the CIS prepared mustard market increased by X% to $X in 2022. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Prepared Mustard Production in CIS

In value terms, prepared mustard production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production showed a slight descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Prepared Mustard Exports

Exports in CIS

In 2022, the amount of prepared mustard exported in the CIS surged to X tons, growing by X% against 2021 figures. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, prepared mustard exports skyrocketed to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Russia (X tons) was the key exporter of prepared mustard in the CIS, mixing up X% of total export.

Russia was also the fastest-growing in terms of the prepared mustard exports, with a CAGR of X% from 2012 to 2022. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest prepared mustard supplier in the CIS.

In Russia, prepared mustard exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Prepared Mustard Imports

Imports in CIS

After five years of growth, overseas purchases of prepared mustard decreased by X% to X tons in 2022. Overall, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then plummeted in the following year.

In value terms, prepared mustard imports declined remarkably to $X in 2022. In general, imports saw a mild decrease. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

In 2022, Russia (X tons) was the largest importer of prepared mustard, creating X% of total imports. Kazakhstan (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Moldova (X%) and Belarus (X%). Armenia (X tons), Uzbekistan (X tons) and Azerbaijan (X tons) held a relatively small share of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Armenia (X%), Moldova (X%), Kazakhstan (X%), Azerbaijan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kazakhstan, Moldova, Uzbekistan, Belarus, Armenia and Azerbaijan increased by X, X, X, X, X and X percentage points, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Moldova (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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