Hungary - Mustard Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMustard Seed Price in Hungary - 2023
Contents:
- Mustard Seed Price in Hungary (CIF) - 2022
- Mustard Seed Price in Hungary (FOB) - 2023
- Mustard Seed Imports in Hungary
- Mustard Seed Exports in Hungary
Mustard Seed Price in Hungary (CIF) - 2022
In 2022, the average mustard seed import price amounted to $1,214 per ton, with an increase of 6.2% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mustard seed import price increased by +47.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 38%. Over the period under review, average import prices attained the peak figure at $1,281 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,431 per ton), while the price for Poland ($928 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Mustard Seed Price in Hungary (FOB) - 2023
The average mustard seed export price stood at $2,474 per ton in July 2023, picking up by 12% against the previous month. In general, export price indicated a modest increase from July 2022 to July 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, mustard seed export price increased by +13.0% against May 2023 indices. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 130% against the previous month. Over the period under review, the average export prices attained the maximum at $2,772 per ton in March 2023; however, from April 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was France ($3,034 per ton), while the average price for exports to Germany ($1,666 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Mustard Seed Imports in Hungary
In 2022, mustard seed imports into Hungary surged to 4K tons, rising by 33% compared with the previous year. In general, imports, however, showed a mild contraction. The growth pace was the most rapid in 2020 when imports increased by 37%. As a result, imports reached the peak of 5.8K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, mustard seed imports skyrocketed to $4.9M in 2022. The total import value increased at an average annual rate of +9.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Mustard Seed in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 194 | 288 | 45.3 | 1,366 | 91.7% |
Slovakia | 937 | 1,455 | 1,337 | 1,124 | 6.3% |
Ukraine | 1,490 | 1,337 | 1,152 | 852 | -17.0% |
Russia | 379 | 408 | 409 | 794 | 28.0% |
Moldova | 123 | 602 | 270 | 371 | 44.5% |
Austria | 41.3 | 30.0 | 15.2 | 246 | 81.3% |
Serbia | 421 | 573 | 84.3 | 5.6 | -76.3% |
Others | 137 | 89.4 | 134 | 119 | -4.6% |
Total | 3,722 | 4,781 | 3,447 | 4,878 | 9.4% |
Top Suppliers of Mustard Seed to Hungary in 2022:
- Poland (1471.8 tons)
- Slovakia (870.5 tons)
- Ukraine (725.5 tons)
- Russia (518.1 tons)
- Moldova (201.6 tons)
- Austria (134.8 tons)
- Serbia (3.9 tons)
Mustard Seed Exports in Hungary
For the third consecutive year, Hungary recorded decline in shipments abroad of mustard seed, which decreased by -2.2% to 1.1K tons in 2022. Overall, exports saw a sharp curtailment.
In value terms, mustard seed exports declined slightly to $1.7M in 2022. Over the period under review, exports saw a abrupt decline.
Export of Mustard Seed in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1,465 | 1,070 | 559 | 659 | -23.4% |
Austria | 418 | 203 | 444 | 444 | 2.0% |
Slovakia | 306 | 311 | 346 | 235 | -8.4% |
France | 151 | 79.6 | 128 | 92.9 | -14.9% |
Romania | 18.2 | 68.4 | 1.8 | 88.3 | 69.3% |
Italy | 134 | 0.6 | 64.5 | 66.8 | -20.7% |
Poland | 47.8 | N/A | N/A | 38.8 | -6.7% |
Netherlands | 115 | 95.4 | 151 | N/A | 14.6% |
Others | 68.6 | 78.6 | 52.3 | 42.7 | -14.6% |
Total | 2,724 | 1,906 | 1,747 | 1,667 | -15.1% |
Top Export Markets for Mustard Seed from Hungary in 2022:
- Germany (454.8 tons)
- Austria (335.2 tons)
- Slovakia (103.7 tons)
- France (68.2 tons)
- Romania (45.0 tons)
- Italy (44.0 tons)
- Poland (25.7 tons)
This report provides an in-depth analysis of the mustard seed market in Hungary. 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:
- FCL 292 - Mustard seed
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- 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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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Global mustard seed consumption amounted to X thousand tons in 2015, declining by -X% against the previous year level.
In 2015, the countries with the highest levels of production were Canada (X thousand tons), Nepal (X thousand tons), Russia (X thousand tons), together accounting for X% of total output.
Despite a slight dip in exports in 2014, Canada continued its dominance in the global mustard seed trade. In 2014, Canada exported X thousand tons of mustard seed totaling X million USD, X% under the previous year. Its primary trading partner was
Indonesia dominates in the global oil crop trade. In 2014, Indonesia exported X million tons of oil crops totaling X billion USD, X% over the previous year. Its primary trading partner was India, where it supplied X% of its total oil crop exports
Global karite nut consumption amounted to X thousand tons in 2015, growing by +X% against the previous year level.
In 2015, the country with the largest volume of the karite nut output was Nigeria (X thousand tons), accounting for X% of global production. Moreover, karite nut output in Nigeria exceeded the figures recorded by the world's second largest produce
Global cottonseed consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
Global cottonseed exports amounted to X thousand tons in 2015, dropping by -X% against the previous year level.
In 2015, the countries with the highest levels of cottonseed production in 2015 were India (X thousand tons), China (X thousand tons), the United States (X thousand tons), together accounting for X% of total output.
Australia dominates in the global сottonseed trade. In 2014, Australia exported X thousand tons of сottonseed totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X% of its total cotton