The latest report by IMARC, titled "Mustard Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of Mustard Oil prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Mustard Oil Prices December 2023:
- India: 1316 USD/MT
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The study delves into the factors affecting Mustard Oil price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Mustard Oil Price Trend- Q4 2023
The mustard oil market is driven by a variety of factors that influence its demand and production globally. Primarily, the health benefits associated with mustard oil, such as its high content of monounsaturated and polyunsaturated fats, and its antibacterial and antifungal properties, make it a preferred choice in many households, particularly in South Asia. Its application in traditional dishes and as a preservative in pickling processes also boosts its consumption. Additionally, the growing awareness about the benefits of mustard oil in combating conditions such as cardiovascular diseases, and its use in various therapeutic and massage treatments, further propels its market growth.
The global mustard oil market size reached US$ 18.8 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 25.4 Billion, at a projected CAGR of 3.40% during 2023-2032. During the first quarter of 2024, mustard oil prices in North America followed a downward trend, mirroring developments in the Asia-Pacific (APAC) region. The market encountered challenges due to decreased consumption, sluggish import activity exacerbated by rising freight costs, and ample stock levels among suppliers and market participants. The United States, heavily dependent on mustard oil imports from the APAC region, particularly India, was significantly affected by fluctuations in Indian markets. This had a notable impact on the U.S. domestic market. Major exporting areas in India saw high production levels of mustard seed for oil extraction, yet faced diminished demand. Consequently, market players were forced to adjust their price quotes to safeguard their profit margins. Whereas, in the first quarter of 2024, the mustard oil market in the APAC region, especially in India, followed a downward trend due to weakened demand-supply dynamics. Traders mainly concentrated on assessing the general inquiries and quotes to understand market conditions. January 2024 saw significant price volatility in the mustard oil market, with costs sometimes falling below the Minimum Support Price (MSP) of the government in certain areas. Furthermore, a sharp increase in global palm oil prices led to a reevaluation of cooking oil imports in India. This shift resulted in decreased imports, which in turn affected the domestic price structures of mustard oil.
During the first quarter of 2024, the mustard oil market in Europe followed a similar downward trend seen in other areas such as North America and Asia Pacific. This decline in prices has been driven by several factors, with a significant reduction in both domestic and international demand for mustard oil playing a major role. This reduced demand has pressured prices to fall, prompting suppliers to lower their prices as a strategic response. Additionally, a consistent decrease in exports, especially within the Asia Pacific region, has negatively impacted market sentiments in Europe. This situation has been further complicated by geopolitical tensions leading to trade disruptions, intensifying the overall negative outlook in the market.
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Key Points Covered in the Mustard Oil Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Mustard Oil Prices
- Mustard Oil Price Trend
- Mustard Oil Demand Supply
- Mustard Oil Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Mustard Oil Price Analysis
- Mustard Oil Industry Drivers, Restraints, and Opportunities
- Mustard Oil News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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