Australia: Canary Seed Market 2024

Canary Seed Market Size in Australia

The Australian canary seed market surged to $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated a strong increase 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, consumption increased by X% against 2016 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in years to come.

Canary Seed Production in Australia

In value terms, canary seed production amounted to $X in 2022 estimated in export price. Over the period under review, production posted buoyant growth. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

In 2022, the average yield of canary seed in Australia contracted to X kg per ha, remaining relatively unchanged against 2021. In general, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the yield increased by X%. Over the period under review, the average canary seed yield attained the peak level at X kg per ha in 2021, and then reduced in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The canary seed harvested area in Australia amounted to X ha in 2022, standing approx. at 2021 figures. Overall, the harvested area, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. The canary seed harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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Canary Seed Exports

Exports from Australia

In 2022, the amount of canary seed exported from Australia totaled X tons, rising by X% compared with the previous year's figure. Overall, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, canary seed exports surged to $X in 2022. In general, exports recorded resilient growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons), New Zealand (X tons) and the United Arab Emirates (X tons) were the main destinations of canary seed exports from Australia, with a combined X% share of total exports.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at 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

The average canary seed export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price saw a buoyant expansion. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Canary Seed Imports

Imports into Australia

In 2022, overseas purchases of canary seed decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, canary seed imports stood at $X in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Canada (X tons) and the United States (X tons) were the main suppliers of canary seed imports to Australia.

From 2015 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%).

In value terms, Canada ($X) and the United States ($X) constituted the largest canary seed suppliers to Australia.

The United States, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average canary seed import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price posted a mild increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada stood at $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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