Hungary: Canary Seed Market Overview 2021

Canary Seed Market Size in Hungary

The Hungarian canary seed market expanded slightly to $X in 2019, increasing by X% against the previous year. Over the period under review, consumption recorded moderate growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Canary seed consumption peaked at $X in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.

Canary Seed Production in Hungary

In value terms, canary seed production amounted to $X in 2019 estimated in export prices. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.

In 2019, the average canary seed yield in Hungary was estimated at X tonnes per ha, with an increase of X% on the previous year's figure. Over the period under review, the yield continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. The canary seed yield peaked in 2019 and is expected to retain growth in the immediate term. 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 Hungary declined modestly to X ha, with a decrease of -X% against 2018. In general, the harvested area recorded a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to canary seed production attained the peak figure at X ha in 2009; however, from 2010 to 2019, the harvested area stood at a somewhat lower figure.

Canary Seed Exports

Exports from Hungary

In 2019, overseas shipments of canary seed decreased by -X% to X tonnes, falling for the second consecutive year after four years of growth. Over the period under review, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, canary seed exports fell to $X in 2019. In general, exports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2008; however, from 2009 to 2019, exports remained at a lower figure.

Exports by Country

Italy (X tonnes) was the main destination for canary seed exports from Hungary, accounting for a X% share of total exports. Moreover, canary seed exports to Italy exceeded the volume sent to the second major destination, Poland (X tonnes), fourfold. Russia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Italy totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Russia (+X% per year).

In value terms, Italy ($X) remains the key foreign market for canary seed exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Poland ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Italy stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Russia (+X% per year).

Export Prices by Country

The average canary seed export price stood at $X per tonne in 2019, therefore, remained relatively stable against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2011; however, from 2012 to 2019, export prices failed to regain the momentum.

Average prices varied noticeably for the major overseas markets. In 2019, the countries with the highest prices were Russia ($X per tonne) and the Czech Republic ($X per tonne), while the average price for exports to Poland ($X per tonne) and Slovakia ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic, while the prices for the other major destinations experienced more modest paces of growth.

Canary Seed Imports

Imports into Hungary

In 2019, supplies from abroad of canary seed decreased by -X% to X tonnes, falling for the ninth consecutive year after four years of growth. In general, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2010; however, from 2011 to 2019, imports stood at a somewhat lower figure.

In value terms, canary seed imports contracted remarkably to $X in 2019. Over the period under review, imports faced a abrupt shrinkage. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2010; however, from 2011 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Serbia (X tonnes) constituted the largest canary seed supplier to Hungary, with a X% share of total imports. Moreover, canary seed imports from Serbia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), threefold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Serbia was relatively modest.

In value terms, Serbia ($X) and the Netherlands ($X) appeared to be the largest canary seed suppliers to Hungary, with a combined X% share of total imports.

Serbia saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2019, the average canary seed import price amounted to $X per tonne, increasing by X% against the previous year. In general, the import price, however, showed a slight downturn. The pace of growth was the most pronounced in 2011 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for Serbia totaled $X per tonne.

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

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), together comprising 39% 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) constituted the country with the largest volume of canary seed production, 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 Hungary?

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In value terms, the largest canary seed suppliers to Hungary were Serbia ($1.7K) and the Netherlands ($1.4K), together comprising 97% of total imports.

What are the leading importers of canary seed from Hungary?

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In value terms, Italy ($754K) remains the key foreign market for canary seed exports from Hungary, comprising 64% of total exports. The second position in the ranking was occupied by Poland ($184K), with a 16% share of total exports. It was followed by Russia, with a 5.5% share.

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

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In 2019, the average canary seed export price amounted to $541 per tonne, remaining relatively unchanged against the previous year.

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

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In 2019, the average canary seed import price amounted to $435 per tonne, increasing by 44% against the previous year.