Mustard Seed Market in Central Asia
In value terms, mustard seed production skyrocketed to $ in estimated in export price. In general, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of % against the previous year. The level of production peaked at $ in 2017; however, from 2018 to , production remained at a lower figure.
Kazakhstan ( tons) constituted the country with the largest volume of mustard seed production, comprising approx. % of total volume.
From 2007 to , the average annual rate of growth in terms of volume in Kazakhstan totaled +%.
In , the average yield of mustard seed in Central Asia contracted significantly to kg per ha, with a decrease of -% on the year before. Overall, the yield continues to indicate a noticeable descent. The growth pace was the most rapid in when the yield increased by %. Over the period under review, the mustard seed yield attained the peak level at tons per ha in 2008; however, from 2009 to , the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The mustard seed harvested area soared to ha in , growing by % compared with the year before. Overall, the harvested area posted significant growth. The pace of growth appeared the most rapid in 2009 with an increase of %. The level of harvested area peaked at ha in 2019; however, from to , the harvested area stood at a somewhat lower figure.
The value of the mustard seed market in Central Asia soared to $ in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a prominent increase. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to , consumption failed to regain momentum.
From 2007 to , the biggest increases were in Kazakhstan (with a CAGR of +%), while consumption for the other leaders experienced mixed trends in the consumption figures.
In value terms, the largest mustard seed markets in Central Asia were Mongolia ($), Kazakhstan ($) and Tajikistan ($), with a combined % share of the total market.
In terms of the main consuming countries, Kazakhstan, with a CAGR of +%, saw the highest growth rate of market size, over the period under review, while market for the other leaders experienced more modest paces of growth.
In Mongolia, mustard seed per capita consumption expanded at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: Kazakhstan (+% per year) and Tajikistan (-% per year).