EU: Canary Seed Market 2024

Canary Seed Market Size in the EU

The EU canary seed market surged to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Canary Seed Production in the EU

In value terms, canary seed production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Hungary (X tons), the Netherlands (X tons) and Bulgaria (X tons), with a combined X% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Hungary (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of canary seed in the European Union stood at X tons per ha, approximately equating the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2015 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the 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.

The canary seed harvested area contracted slightly to X ha in 2022, approximately equating 2021 figures. In general, the harvested area saw a perceptible setback. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Canary Seed Exports

Exports in the EU

In 2022, overseas shipments of canary seed decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports showed a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, canary seed exports surged to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) and Belgium (X tons) represented roughly X% of total exports in 2022. France (X tons) held the next position in the ranking, followed by Hungary (X tons) and the Czech Republic (X tons). All these countries together held near X% share of total exports. The following exporters - Germany (X tons), Italy (X tons) and Portugal (X tons) - each amounted to a X% share of total exports.

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

In value terms, the largest canary seed supplying countries in the European Union were the Netherlands ($X), Belgium ($X) and France ($X), with a combined X% share of total exports.

In terms of the main exporting countries, France, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated temperate growth 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 export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while Portugal ($X per ton) was amongst the lowest.

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

Canary Seed Imports

Imports in the EU

Canary seed imports dropped modestly to X tons in 2022, waning by X% on 2021. Overall, imports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded 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 somewhat lower figure.

In value terms, canary seed imports skyrocketed to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) represented the main importer of canary seed, comprising X% of total imports. Spain (X tons) ranks second in terms of the total imports with a X% share, followed by Italy (X%), Portugal (X%) and Germany (X%). The following importers - France (X tons) and Greece (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to canary seed imports into Belgium stood at X%. At the same time, Greece (X%), Germany (X%) and France (X%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Portugal experienced a relatively flat trend pattern. By contrast, Spain (X%) and Italy (X%) illustrated a downward trend over the same period. Germany (X p.p.) significantly strengthened its position in terms of the total imports, while Italy saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), Spain ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Portugal, Germany, France and Greece lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Greece, with a CAGR of X%, recorded the highest growth rate of 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 the European Union amounted to $X per ton, growing by X% against the previous year. Import price indicated a slight increase 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 2018 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 Greece ($X per ton) and Spain ($X per ton), while France ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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