Updated Jan 20, 2023 20:09

Mustard Seed Market in the Netherlands

Market Overview
After two years of decline, the Dutch mustard seed market increased by % to $ in . Overall, consumption continues to indicate a temperate expansion. Over the period under review, the market hit record highs at $ in 2019; however, from to , consumption remained at a lower figure.


Consumption
In , after two years of decline, there was significant growth in consumption of mustard seed, when its volume increased by % to tons. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, consumption reached the peak volume at tons in 2019; however, from to , consumption stood at a somewhat lower figure.

The value of the mustard seed market in the Netherlands soared to $ in , increasing 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). Overall, consumption continues to indicate a noticeable increase. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption stood at a somewhat lower figure.


Market Forecast
Driven by rising demand for mustard seed in the Netherlands, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Driven by a growing demand, the share of imports in total supply in the Netherlands increased significantly over the last fifteen years (from % to %). Total import supply of mustard seed is expected to rise, though it will be moderately impacted by price increases. Mustard seed market in the Netherlands consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, the Netherlands relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
The Netherlands remains a net importer of mustard seed; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.