Hungary: Canary Seed Market 2024

Canary Seed Market Size in Hungary

For the ninth consecutive year, the Hungarian canary seed market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption posted tangible growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Canary Seed Production in Hungary

In value terms, canary seed production rose to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Canary seed production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of canary seed in Hungary totaled X tons per ha in 2022, therefore, remained relatively stable against the previous year's figure. Over the period under review, the yield indicated resilient growth from 2012 to 2022: its figure 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 yield decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the yield increased by X%. Over the period under review, the average canary seed yield hit record highs at X tons per ha in 2015; however, from 2016 to 2022, the yield remained at a 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 in Hungary contracted modestly to X ha in 2022, approximately equating the previous year. Overall, the harvested area continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The canary seed harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Canary Seed Exports

Exports from Hungary

In 2022, the amount of canary seed exported from Hungary fell sharply to X tons, declining by X% on the previous year's figure. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, canary seed exports dropped markedly to $X in 2022. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), Serbia (X tons) and Russia (X tons) were the main destinations of canary seed exports from Hungary, with a combined X% share of total exports.

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

In value terms, Poland ($X), Serbia ($X) and Russia ($X) appeared to be the largest markets for canary seed exported from Hungary worldwide, together comprising X% of total exports.

Among the main countries of destination, Russia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average canary seed export price amounted to $X per ton, with an increase of X% against the previous year. Overall, export price indicated a moderate 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 export price increased by X% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Poland ($X per ton) and Serbia ($X per ton) were amongst the lowest.

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

Canary Seed Imports

Imports into Hungary

In 2022, purchases abroad of canary seed decreased by X% to X kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, enjoyed a measured expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, canary seed imports reduced sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Romania (X kg) was the main supplier of canary seed to Hungary, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Romania was relatively modest.

In value terms, Romania ($X) constituted the largest supplier of canary seed to Hungary.

From 2012 to 2022, the average annual growth rate of value from Romania was relatively modest.

Import Prices by Country

In 2022, the average canary seed import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Romania.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :