Australia: Canary Seed Market Overview 2020

Canary Seed Market Size in Australia

The revenue of the canary seed market in Australia amounted to $X in 2018, growing by X% against the previous year. Overall, the total market indicated tangible growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, canary seed consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2011 when the market value increased by X% against the previous year. Canary seed consumption peaked at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Canary Seed Production in Australia

In value terms, canary seed production totaled $X in 2018 estimated in export prices. In general, canary seed production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2011 when production volume increased by X% against the previous year. Canary seed production peaked at $X in 2013; however, from 2014 to 2018, production failed to regain its momentum.

Average yield of canary seed in Australia amounted to X kg per ha in 2018, growing by X% against the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2012 when yield increased by X% year-to-year. In that year, the average canary seed yield attained its peak level of X kg per ha. From 2013 to 2018, the growth of the average canary seed yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of canary seed production in Australia amounted to X ha, leveling off at the previous year. In general, the canary seed harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, the canary seed harvested area reached its peak level of X ha. From 2009 to 2018, the growth of the canary seed harvested area remained at a somewhat lower figure.

Canary Seed Exports

Exports from Australia

Canary seed exports from Australia stood at X tonnes in 2018, increasing by X% against the previous year. In general, canary seed exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

In value terms, canary seed exports totaled $X in 2018. Overall, canary seed exports continue to indicate buoyant growth. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Exports peaked at $X in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X tonnes), the United Arab Emirates (X tonnes) and Kuwait (X tonnes) were the main destinations of canary seed exports from Australia, with a combined X% share of total exports. Thailand, Taiwan, Chinese, Saudi Arabia, Germany, Japan, New Zealand and South Africa lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Germany (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canary seed exported from Australia were Thailand ($X), South Africa ($X) and Saudi Arabia ($X), with a combined X% share of total exports. These countries were followed by Germany, the United Arab Emirates, Kuwait, Taiwan, Chinese, New Zealand, Bahrain and Japan, which together accounted for a further X terms of the main countries of destination, Taiwan, Chinese recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average canary seed export price stood at $X per tonne in 2018, rising by X% against the previous year. Overall, the export price indicated a notable expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, canary seed export price increased by +X% against 2015 indices. The growth pace was the most rapid in 2011 an increase of X% year-to-year. In that year, the average export prices for canary seed reached their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average export prices for canary seed remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was South Africa ($X per tonne), while the average price for exports to Bahrain ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced more modest paces of growth.

Canary Seed Imports

Imports into Australia

Canary seed imports into Australia totaled X tonnes in 2018, leveling off at the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, canary seed imports totaled $X in 2018. Overall, canary seed imports continue to indicate a measured decrease. The pace of growth was the most pronounced in 2008 with a decrease of -X% against the previous year. Over the period under review, canary seed imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tonnes) constituted the largest canary seed supplier to Australia, with a X% share of total imports. Moreover, canary seed imports from the U.S. exceeded the figures recorded by the second-largest supplier, Canada (X tonnes), eightfold.

From 2007 to 2018, the average annual rate of growth in terms of volume from the U.S. totaled +X%.

In value terms, the U.S. ($X) constituted the largest supplier of canary seed to Australia, comprising X% of total canary seed imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of value from the U.S. amounted to +X%.

Import Prices by Country

The average canary seed import price stood at $X per tonne in 2018, shrinking by -X% against the previous year. Over the period under review, the canary seed import price continues to indicate a drastic drop. The most prominent rate of growth was recorded in 2010 when the average import price decreased by -X% year-to-year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Canada ($X per tonne), while the price for the U.S. stood at $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox AI Platform