Mustard Seed Market in Singapore
Market Overview
The Singaporean mustard seed market shrank rapidly to $
in , with a decrease of -% 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). Over the period under review, consumption, however, showed buoyant growth. As a result, consumption reached the peak level of $, and then fell significantly in the following year.
in , with a decrease of -% 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). Over the period under review, consumption, however, showed buoyant growth. As a result, consumption reached the peak level of $, and then fell significantly in the following year.Consumption
Mustard seed consumption in Singapore fell to tons in , which is down by -% compared with the previous year's figure. Overall, the total consumption indicated tangible growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption attained the peak volume of tons. From 2019 to , the growth of the consumption remained at a somewhat lower figure.
The value of the mustard seed market in Singapore reduced rapidly to $ in , which is down 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). Over the period under review, consumption, however, showed a resilient expansion. As a result, consumption attained the peak level of $, and then reduced notably in the following year.
tons in , which is down by -% compared with the previous year's figure. Overall, the total consumption indicated tangible growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption attained the peak volume of tons. From 2019 to , the growth of the consumption remained at a somewhat lower figure.The value of the mustard seed market in Singapore reduced rapidly to $
in , which is down 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). Over the period under review, consumption, however, showed a resilient expansion. As a result, consumption attained the peak level of $, and then reduced notably in the following year.Market Forecast
Driven by increasing demand for mustard seed in Singapore, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding 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 .
% 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
Mustard seed market in Singapore consists almost entirely of imported products.
Trade Balance
Singapore 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.
. 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.
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