Global Canary Seed Market 2024

Canary Seed Market Size

In 2022, after three years of growth, there was significant decline in the global canary seed market, when its value decreased by X% to $X. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Canary Seed Production

In value terms, canary seed production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a mild downturn. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Global production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Canada (X tons) constituted the country with the largest volume of canary seed production, comprising approx. X% of total volume. Moreover, canary seed production in Canada exceeded the figures recorded by the second-largest producer, Thailand (X tons), fourfold. Argentina (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Canada was relatively modest. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Argentina (X% per year).

In 2022, the global average yield of canary seed contracted to X tons per ha, waning by X% compared with 2021. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2022, the growth of the average canary seed yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of canary seed production worldwide declined to X ha, waning by X% compared with the year before. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. The global harvested area peaked at X ha in 2021, and then dropped in the following year.

Canary Seed Exports

Exports

In 2022, global exports of canary seed fell to X tons, shrinking by X% compared with the previous year. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, canary seed exports stood at $X in 2022. Overall, total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Canada represented the main exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Argentina (X tons), generating a X% share of total exports. Turkey (X tons), the UK (X tons) and the Netherlands (X tons) held a little share of total exports.

Canada experienced a relatively flat trend pattern with regard to volume of exports of canary seed. At the same time, the UK (X%), Turkey (X%), the Netherlands (X%) and Argentina (X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. While the share of Turkey (X p.p.), Canada (X p.p.) and the UK (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest canary seed supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Argentina ($X), with a X% share of global exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Canada amounted to X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and the UK (X% per year).

Export Prices by Country

The average canary seed export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, canary seed export price increased by X% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the other global leaders experienced mixed trends in the export price figures.

Canary Seed Imports

Imports

In 2022, the amount of canary seed imported worldwide declined markedly to X tons, waning by X% on the previous year. In general, imports showed a mild decline. The most prominent rate of growth was recorded in 2013 with an increase of X%. Global imports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, canary seed imports dropped to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Global imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X tons) and Belgium (X tons) were the main importers of canary seed in 2022, finishing at near X% and X% of total imports, respectively. Spain (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%) and the United States (X%). The following importers - Indonesia (X tons), Algeria (X tons), Kuwait (X tons), Italy (X tons), Turkey (X tons), Mexico (X tons), China (X tons) and Portugal (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Brazil ($X) and Spain ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of global imports. Colombia, the United States, Indonesia, Italy, Algeria, China, Portugal, Mexico, Kuwait and Turkey lagged somewhat behind, together comprising a further X%.

Among the main importing countries, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average canary seed import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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