Australia: Canary Seed Market Overview 2021

Canary Seed Market Size in Australia

The Australian canary seed market shrank to $X in 2020, declining by -X% against the previous year. Overall, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2012 to 2020, the growth of the market remained at a somewhat lower figure.

Canary Seed Production in Australia

In value terms, canary seed production reached $X in 2020 estimated in export prices. In general, the total production indicated a mild increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2020, production failed to regain the momentum.

In 2020, the average canary seed yield in Australia amounted to X kg per ha, approximately equating the previous year. Overall, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the yield increased by X% against the previous year. The canary seed yield peaked at X kg per ha in 2007; however, from 2008 to 2020, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of canary seed production in Australia amounted to X ha, remaining constant against 2019 figures. Overall, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the harvested area increased by X% y-o-y. As a result, the harvested area attained the peak level of X ha. from 2009 to 2020, the growth of the canary seed harvested area remained at a somewhat lower figure.

Canary Seed Exports

Exports from Australia

In 2020, after three years of decline, there was significant growth in shipments abroad of canary seed, when their volume increased by X% to X tonnes. Overall, exports posted a significant increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, canary seed exports skyrocketed to $X in 2020. In general, exports posted a significant increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tonnes), the UK (X tonnes) and New Zealand (X tonnes) were the main destinations of canary seed exports from Australia, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in the UK (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for canary seed exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the UK amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Saudi Arabia (+X% per year).

Export Prices by Country

In 2020, the average canary seed export price amounted to $X per tonne, growing by X% against the previous year. In general, the export price posted prominent growth. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the UK ($X per tonne), while the average price for exports to New Zealand ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia, while the prices for the other major destinations experienced more modest paces of growth.

Canary Seed Imports

Imports into Australia

In 2020, purchases abroad of canary seed increased by X% to X tonnes, rising for the third year in a row after two years of decline. Over the period under review, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure in 2020 and are likely to see gradual growth in years to come.

In value terms, canary seed imports soared to $X in 2020. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, Canada (X tonnes) constituted the largest canary seed supplier to Australia, with a X% share of total imports. Moreover, canary seed imports from Canada exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), twofold.

From 2007 to 2020, the average annual growth rate of volume from Canada totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and France (X% per year).

In value terms, Canada ($X), the U.S. ($X) and France ($X) were the largest canary seed suppliers to Australia, with a combined X% share of total imports.

Among the main suppliers, the U.S. (+X% per year) 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 2020, the average canary seed import price amounted to $X per tonne, rising by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne; afterwards, it flattened through to 2020.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Canada ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for canary seed in the world?

+

The countries with the highest volumes of canary seed consumption in 2020 were Thailand (40K tonnes), Argentina (30K tonnes) and Mexico (29K tonnes), together accounting for 34% of global consumption.

What are the largest producers of canary seed in the world?

+

Canada (154K tonnes) constituted the country with the largest volume of canary seed production, accounting for 56% of total volume. Moreover, canary seed production in Canada exceeded the figures recorded by the second-largest producer, Argentina (47K tonnes), threefold. The third position in this ranking was occupied by Thailand (40K tonnes), with a 14% share.

What are the leading suppliers of canary seed to Australia?

+

In value terms, the largest canary seed suppliers to Australia were Canada ($679K), the U.S. ($551K) and France ($23K), together comprising 100% of total imports.

What are the leading importers of canary seed from Australia?

+

In value terms, the UK ($1.8M) remains the key foreign market for canary seed exports from Australia, comprising 54% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($689K), with a 21% share of total exports. It was followed by Saudi Arabia, with a 11% share.

What is the average export price for canary seed in Australia?

+

In 2020, the average canary seed export price amounted to $2,097 per tonne, surging by 121% against the previous year.

What is the average import price for canary seed in Australia?

+

The average canary seed import price stood at $1,001 per tonne in 2020, rising by 26% against the previous year.