In 2023, Canada's dominant position in mustard seed exports was noted, with a 35.61% share, despite a slight decline. Russia (17.15%) and Germany (12.67%) showed growth, contributing significantly to the market. Poland exemplified robust growth at 13.67%, contrasting starkly with the declines in Hungary and Luxembourg. Japan's remarkable 22.2% increase indicates rising competitiveness, while Slovenia and Macedonia emerged with substantial gains. On the other hand, Belgium, India, and Ukraine maintained modest but stable growth, signifying market stability amidst global shifts.
Future trends to watch include potential growth in Asian markets like Japan and South Korea, driven by increasing demand, alongside emerging exporters such as Slovenia and Macedonia. Monitoring Russia's export strategies and geopolitical influences will be crucial in understanding market dynamics. Additionally, shifts in agricultural policies in key exporting countries may impact global supply chains and market shares.
Top countries in Export of Mustard Seeds Share by Country (US Dollars)
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Canada | 35.61 | 2023 | -0.33% | -0.28% | View data |
2 | 2 Russia | 17.15 | 2023 | +5.18% | +3.4% | View data |
3 | 3 Germany | 12.67 | 2023 | +1.89% | +1.89% | View data |
4 | 4 Ukraine | 5.99 | 2023 | -0.3% | +1.03% | View data |
5 | 5 India | 5.54 | 2023 | +0.73% | -0.67% | View data |
6 | 6 United States | 5.48 | 2023 | +5.39% | +3.97% | View data |
7 | 7 Belgium | 4.93 | 2023 | +3.19% | +2.61% | View data |
8 | 8 Poland | 4.09 | 2023 | +5.68% | +13.67% | View data |
9 | 9 Kazakhstan | 3.59 | 2023 | +5.92% | +4.53% | View data |
10 | 10 Czech Republic | 2.97 | 2023 | -3.61% | -4.84% | View data |