Portugal: Canary Seed Market Overview 2021

Canary Seed Market Size in Portugal

For the seventh year in a row, the Portuguese canary seed market recorded decline in sales value, which decreased by -X% to $X in 2019. Overall, consumption recorded a mild decline. The growth pace was the most rapid in 2010 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.

Canary Seed Exports

Exports from Portugal

In 2019, exports of canary seed from Portugal fell rapidly to X tonnes, which is down by -X% on 2018. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2018, and then shrank rapidly in the following year.

In value terms, canary seed exports contracted dramatically to $X in 2019. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

Spain (X tonnes) was the main destination for canary seed exports from Portugal, with a X% share of total exports. Moreover, canary seed exports to Spain exceeded the volume sent to the second major destination, Cabo Verde (X tonnes), more than tenfold.

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

In value terms, Spain ($X) remains the key foreign market for canary seed exports from Portugal, comprising X% of total exports. The second position in the ranking was occupied by Cabo Verde ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Spain amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (-X% per year) and Switzerland (+X% per year).

Export Prices by Country

The average canary seed export price stood at $X per tonne in 2019, rising by X% against the previous year. In general, the export price, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2011 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2019, the country with the highest price was Cabo Verde ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Cabo Verde, while the prices for the other major destinations experienced a decline.

Canary Seed Imports

Imports into Portugal

In 2019, approx. X tonnes of canary seed were imported into Portugal; which is down by -X% compared with the previous year's figure. In general, imports saw a mild slump. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. From 2009 to 2019, the growth imports remained at a lower figure.

In value terms, canary seed imports declined to $X in 2019. Overall, imports saw a mild downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Canada (X tonnes) was the main supplier of canary seed to Portugal, accounting for a X% share of total imports. Moreover, canary seed imports from Canada exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), more than tenfold.

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

In value terms, Canada ($X) constituted the largest supplier of canary seed to Portugal, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($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, picking up by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2011; however, from 2012 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 Netherlands ($X per tonne), while the price for Canada stood at $X per tonne.

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

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 (39K tonnes), Mexico (37K tonnes) and Brazil (29K tonnes), together accounting for 36% of global consumption. These countries were followed by Argentina, Belgium, Spain, Indonesia, Colombia, Italy, the U.S., Australia, Canada and Algeria, which together accounted for a further 40%.

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

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Canada (175K tonnes) remains the largest canary seed producing country worldwide, accounting for 61% of total volume. Moreover, canary seed production in Canada exceeded the figures recorded by the second-largest producer, Argentina (41K tonnes), fourfold. The third position in this ranking was occupied by Thailand (39K tonnes), with a 14% share.

What are the leading suppliers of canary seed to Portugal?

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In value terms, Canada ($1.8M) constituted the largest supplier of canary seed to Portugal, comprising 90% of total imports. The second position in the ranking was occupied by the Netherlands ($135K), with a 6.9% share of total imports.

What are the leading importers of canary seed from Portugal?

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In value terms, Spain ($36K) remains the key foreign market for canary seed exports from Portugal, comprising 90% of total exports. The second position in the ranking was occupied by Cabo Verde ($2.5K), with a 6.4% share of total exports.

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

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The average canary seed export price stood at $749 per tonne in 2019, growing by 12% against the previous year.

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

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In 2019, the average canary seed import price amounted to $554 per tonne, rising by 4.5% against the previous year.