Southern Asia: Prepared Mustard Market 2024

Prepared Mustard Market Size in Southern Asia

The South Asian prepared mustard market contracted modestly to $X in 2022, which is down by X% against the previous year. In general, consumption showed a slight shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Prepared Mustard Production in Southern Asia

In value terms, prepared mustard production fell slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Prepared Mustard Exports

Exports in Southern Asia

In 2022, shipments abroad of prepared mustard was finally on the rise to reach X tons after two years of decline. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, prepared mustard exports soared to $X in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, India (X tons) was the major exporter of prepared mustard, achieving X% of total exports. It was distantly followed by Bangladesh (X tons), generating a X% share of total exports. Sri Lanka (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the prepared mustard exports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%) and Bangladesh (X%) displayed positive paces of growth. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sri Lanka (X p.p.) and Bangladesh (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price 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, prepared mustard export price increased by X% against 2019 indices. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced a decline in the export price figures.

Prepared Mustard Imports

Imports in Southern Asia

Prepared mustard imports skyrocketed to X tons in 2022, picking up by X% on 2021. In general, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, prepared mustard imports surged to $X in 2022. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Pakistan (X tons) and India (X tons) represented roughly X% of total imports in 2022. Maldives (X tons) held the next position in the ranking, followed by Bangladesh (X tons), Afghanistan (X tons) and Nepal (X tons). All these countries together took near X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nepal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Pakistan ($X) and Maldives ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Bangladesh, Nepal and Afghanistan lagged somewhat behind, together comprising a further X%.

Nepal, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2013 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Nepal ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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