Thailand: Canary Seed Market 2024

Canary Seed Market Size in Thailand

In 2022, after three years of growth, there was decline in the Thai canary seed market, when its value decreased by less than X% to $X. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Canary Seed Production in Thailand

In value terms, canary seed production rose slightly to $X in 2022 estimated in export price. Over the period under review, production saw a deep setback. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Canary seed production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

The average yield of canary seed in Thailand shrank modestly to X kg per ha in 2022, flattening at 2021. In general, the yield, however, showed a relatively flat trend pattern. 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 reached the maximum level at X kg per ha in 2021, and then declined in the following year. 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 Thailand declined slightly to X ha, approximately mirroring 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to canary seed production attained the peak figure at X ha in 2021, and then contracted in the following year.

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Canary Seed Exports

Exports from Thailand

In 2021, exports of canary seed from Thailand totaled X tons, remaining stable against 2020 figures. Over the period under review, exports saw a noticeable downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, canary seed exports stood at $X in 2021. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Myanmar (X tons) was the main destination for canary seed exports from Thailand, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Myanmar was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Myanmar was relatively modest.

Export Prices by Country

In 2021, the average canary seed export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price recorded pronounced growth. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the rate of growth in terms of prices for Bangladesh amounted to X% per year.

Canary Seed Imports

Imports into Thailand

In 2022, approx. X tons of canary seed were imported into Thailand; declining by X% against the year before. Over the period under review, imports, however, recorded a moderate expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, canary seed imports surged to $X in 2022. In general, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Argentina (X tons), Canada (X tons) and Australia (X tons) were the main suppliers of canary seed imports to Thailand, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Argentina ($X), Canada ($X) and Australia ($X) constituted the largest canary seed suppliers to Thailand, together comprising X% of total imports.

Among the main suppliers, Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average canary seed import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a perceptible expansion 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. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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