Australia: Canary Seed Market Overview 2021

Canary Seed Market Size in Australia

The Australian canary seed market rose significantly to $X in 2019, picking up by X% against the previous year. Overall, the total consumption indicated a temperate expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Canary seed consumption peaked at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.

Canary Seed Production in Australia

In value terms, canary seed production soared to $X in 2019 estimated in export prices. Over the period under review, production showed tangible growth. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Canary seed production peaked at $X in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.

In 2019, the average yield of canary seed in Australia rose modestly to X kg per ha, with an increase of X% compared with 2018. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. As a result, the yield reached the peak level of X kg per ha. From 2013 to 2019, 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 2019, the harvested area of canary seed in Australia reached X ha, therefore, remained relatively stable against 2018 figures. In general, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded 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 2019, the growth of the canary seed harvested area remained at a somewhat lower figure.

Canary Seed Exports

Exports from Australia

In 2019, overseas shipments of canary seed decreased by -X% to X tonnes, falling for the third year in a row after five years of growth. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2016; however, from 2017 to 2019, exports remained at a lower figure.

In value terms, canary seed exports dropped notably to $X in 2019. In general, exports, however, continue to indicate mild growth. The growth pace was the most rapid in 2012 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at $X in 2014; however, from 2015 to 2019, exports remained at a lower figure.

Exports by Country

Kuwait (X tonnes) was the main destination for canary seed exports from Australia, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Kuwait stood at +X%.

In value terms, Kuwait ($X) also remains the key foreign market for canary seed exports from Australia.

From 2007 to 2019, the average annual rate of growth in terms of value to Kuwait amounted to +X%.

Export Prices by Country

In 2019, the average canary seed export price amounted to $X per tonne, growing by X% against the previous year. In general, export price indicated mild growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Kuwait.

From 2007 to 2019, the rate of growth in terms of prices for Kuwait amounted to +X% per year.

Canary Seed Imports

Imports into Australia

In 2019, purchases abroad of canary seed decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year declining trend. Over the period under review, imports, however, saw slight growth. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Imports peaked at X tonnes in 2018, and then fell slightly in the following year.

In value terms, canary seed imports surged to $X in 2019. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Canada (X tonnes) constituted the largest supplier of canary seed 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), threefold.

From 2007 to 2019, the average annual growth rate of volume from Canada stood at +X%.

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

From 2007 to 2019, the average annual growth rate of value from Canada amounted to +X%.

Import Prices by Country

The average canary seed import price stood at $X per tonne in 2019, surging by X% against the previous year. Overall, the import price, however, showed a perceptible slump. Over the period under review, average import prices reached the peak figure at $X per tonne in 2007; however, from 2008 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Canada totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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The countries with the highest volumes of canary seed consumption in 2019 were Thailand (37K tonnes), Mexico (37K tonnes) and Brazil (29K tonnes), with a combined 39% share of global consumption. These countries were followed by Belgium, Argentina, Spain, Indonesia, Colombia, Italy, the U.S., Australia, Algeria and Uruguay, which together accounted for a further 37%.

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

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Canada (172K tonnes) remains the largest canary seed producing country worldwide, accounting for 64% of total volume. Moreover, canary seed production in Canada exceeded the figures recorded by the second-largest producer, Thailand (37K tonnes), fivefold. The third position in this ranking was occupied by Argentina (27K tonnes), with a 10% share.

What are the leading suppliers of canary seed to Australia?

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In value terms, Canada ($332K) constituted the largest supplier of canary seed to Australia, comprising 72% of total imports. The second position in the ranking was occupied by the U.S. ($130K), with a 28% share of total imports.

What are the leading importers of canary seed from Australia?

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In value terms, Kuwait ($60K) remains the key foreign market for canary seed exports from Australia.

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

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In 2019, the average canary seed export price amounted to $711 per tonne, jumping by 22% against the previous year.

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

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The average canary seed import price stood at $683 per tonne in 2019, picking up by 30% against the previous year.