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Canada - Canary Seed - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Mar 2, 2023
Canada's Canary Seed Price Rises 8% to $689 per Ton
Canada Canary Seed Export Price in December 2022
In December 2022, the canary seed price stood at $689 per ton (FOB, Canada), growing by 8% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 12% against the previous month. As a result, the export price attained the peak level of $725 per ton. From October 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In December 2022, the countries with the highest prices were the United States ($872 per ton) and Italy ($766 per ton), while the average price for exports to Croatia ($584 per ton) and Colombia ($608 per ton) were amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Canada Canary Seed Exports
In December 2022, shipments abroad of canary seed increased by 1.5% to 19K tons, rising for the second consecutive month after two months of decline. Over the period under review, total exports indicated a measured expansion from January 2022 to December 2022: its volume increased at an average monthly rate of +2.4% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, exports increased by +52.3% against October 2022 indices. The growth pace was the most rapid in March 2022 with an increase of 56% m-o-m. The exports peaked at 22K tons in August 2022; however, from September 2022 to December 2022, the exports remained at a lower figure.
In value terms, canary seed exports rose sharply to $13M (IndexBox estimates) in December 2022. In general, total exports indicated a pronounced expansion from January 2022 to December 2022: its value increased at an average monthly rate of +2.7% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, exports increased by +57.7% against October 2022 indices. The most prominent rate of growth was recorded in March 2022 with an increase of 59% against the previous month. The exports peaked at 14K tons in August 2022; however, from September 2022 to December 2022, the exports stood at a somewhat lower figure.
Canada Canary Seed Exports by Country
Mexico (6.5K tons), Belgium (3.3K tons) and Spain (1.2K tons) were the main destinations of canary seed exports from Canada, together comprising 58% of total exports. Colombia, Italy, Turkey, Egypt, the United States, Indonesia, China, Portugal, Tunisia and Croatia lagged somewhat behind, together accounting for a further 32%.
From January 2022 to December 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +28.1%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for canary seed exported from Canada were Mexico ($4.4M), Belgium ($2.3M) and Spain ($875K), with a combined 58% share of total exports. Italy, Colombia, Turkey, the United States, Indonesia, Egypt, Portugal, China, Tunisia and Croatia lagged somewhat behind, together comprising a further 33%.
In terms of the main countries of destination, Turkey, with a CAGR of +30.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Canary Seed Market Overview
Canary seeds are a type of grains mainly used for bird feed. The price of canary seed depends on a variety of factors. These include the size of the crop yield, weather conditions, demand from buyers, and availability of different varieties. Additionally, production costs, government policies, and changing trends in the canary seed industry can also affect prices.
The demand for canary seed is driven by its use in bird feed. In Canada, the demand is increasing as more and more people are taking up the hobby of keeping pet birds. On the other hand, the supply of canary seed is largely determined by the size of the crop yield each year. With favorable weather conditions and good farming practices, the crop yields tend to be higher and can result in lower prices.
This report provides an in-depth analysis of the canary seed market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• FCL 101 - Canary seed
Country coverage:
• Canada
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Canada
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Area Harvested, 2012–2022
Figure 24:
Yield, 2012–2022
Figure 25:
Imports, In Physical Terms, 2012–2022
Figure 26:
Imports, In Value Terms, 2012–2022
Figure 27:
Imports, In Physical Terms, By Country, 2022
Figure 28:
Imports, In Physical Terms, By Country, 2012–2022
Figure 29:
Imports, In Value Terms, By Country, 2012–2022
Figure 30:
Import Prices, By Country Of Origin, 2012–2022
Figure 31:
Exports, In Physical Terms, 2012–2022
Figure 32:
Exports, In Value Terms, 2012–2022
Figure 33:
Exports, In Physical Terms, By Country, 2022
Figure 34:
Exports, In Physical Terms, By Country, 2012–2022
Figure 35:
Exports, In Value Terms, By Country, 2012–2022
Figure 36:
Export Prices, By Country Of Destination, 2012–2022
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