Asia-Pacific: Canary Seed Market 2024

Canary Seed Market Size in Asia-Pacific

In 2022, the Asia-Pacific canary seed market increased by X% to $X, rising for the second consecutive year after five years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Canary Seed Production in Asia-Pacific

In value terms, canary seed production expanded to $X in 2022 estimated in export price. In general, production saw a pronounced slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of canary seed production was Thailand (X tons), accounting for X% of total volume. Moreover, canary seed production in Thailand exceeded the figures recorded by the second-largest producer, India (X tons), sixfold.

In Thailand, canary seed production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Australia (X% per year).

In 2022, the average canary seed yield in Asia-Pacific totaled X kg per ha, almost unchanged from 2021 figures. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of yield peaked at X kg per ha in 2016; however, from 2017 to 2022, the yield failed to regain momentum. 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 in Asia-Pacific dropped slightly to X ha, approximately mirroring the previous year's figure. Over the period under review, the harvested area, however, recorded a slight increase. The pace of growth was the most pronounced in 2017 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2021, and then reduced in the following year.

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Canary Seed Exports

Exports in Asia-Pacific

In 2022, exports of canary seed in Asia-Pacific rose notably to X tons, growing by X% against the previous year. Overall, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, canary seed exports soared to $X in 2022. Over the period under review, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, India (X tons) represented the major exporter of canary seed, comprising X% of total exports. It was distantly followed by Australia (X tons), making up a X% share of total exports.

India was also the fastest-growing in terms of the canary seed exports, with a CAGR of X% from 2012 to 2022. At the same time, Australia (X%) displayed positive paces of growth. India (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Australia ($X) and India ($X) constituted the countries with the highest levels of exports in 2022.

Australia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Canary Seed Imports

Imports in Asia-Pacific

In 2022, purchases abroad of canary seed increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, canary seed imports soared to $X in 2022. In general, imports continue to indicate a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia was the main importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by China (X tons), the Philippines (X tons), Taiwan (Chinese) (X tons) and Japan (X tons), together committing a X% share of total imports. The following importers - Australia (X tons) and Pakistan (X tons) - each amounted to an X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest canary seed importing markets in Asia-Pacific were Indonesia ($X), China ($X) and the Philippines ($X), together accounting for X% of total imports.

In terms of 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 leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a notable expansion 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 import price increased by X% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Japan ($X per ton) and Indonesia ($X per ton), while Australia ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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