Latin America and the Caribbean: Canary Seed Market 2024

Canary Seed Market Size in Latin America and the Caribbean

The Latin American canary seed market dropped notably to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption recorded a noticeable reduction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Canary Seed Production in Latin America and the Caribbean

In value terms, canary seed production dropped significantly to $X in 2022 estimated in export price. In general, production recorded a pronounced descent. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Argentina (X tons) constituted the country with the largest volume of canary seed production, comprising approx. X% of total volume. Moreover, canary seed production in Argentina exceeded the figures recorded by the second-largest producer, Uruguay (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Argentina was relatively modest.

The average canary seed yield shrank slightly to X tons per ha in 2022, waning by X% compared with the previous year's figure. Over the period under review, the yield showed a perceptible curtailment. The growth pace was the most rapid in 2016 with an increase of X%. The level of yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield stood 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 2022, the harvested area of canary seed in Latin America and the Caribbean reduced dramatically to X ha, with a decrease of X% on 2021. Overall, the harvested area, however, posted a perceptible expansion. The growth pace was the most rapid in 2021 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

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Canary Seed Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of canary seed increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, canary seed exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X tons) represented roughly X% of total exports in 2022.

Argentina was also the fastest-growing in terms of the canary seed exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Argentina increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) also remains the largest canary seed supplier in Latin America and the Caribbean.

In Argentina, canary seed exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price showed a deep contraction. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

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

Canary Seed Imports

Imports in Latin America and the Caribbean

In 2022, the amount of canary seed imported in Latin America and the Caribbean declined rapidly to X tons, dropping by X% compared with 2021 figures. In general, imports showed a pronounced descent. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then declined notably in the following year.

In value terms, canary seed imports fell significantly to $X in 2022. Over the period under review, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Brazil represented the largest importer of canary seed in Latin America and the Caribbean, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Colombia (X tons) ranks second in terms of the total imports with a X% share, followed by Mexico (X%), the Dominican Republic (X%) and Chile (X%). The following importers - Peru (X tons) and Guatemala (X tons) - together made up X% of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of canary seed. At the same time, the Dominican Republic (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Chile (X%), Colombia (X%), Peru (X%) and Mexico (X%) illustrated a downward trend over the same period. Brazil (X p.p.), the Dominican Republic (X p.p.), Colombia (X p.p.) and Guatemala (X p.p.) significantly strengthened its position in terms of the total imports, while Mexico 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, Brazil ($X), Colombia ($X) and Mexico ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Dominican Republic, Peru, Chile and Guatemala lagged somewhat behind, together accounting for a further X%.

The Dominican Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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 Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Peru ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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