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Canada - Canary Seed - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Canada - Canary Seed - Market Analysis, Forecast, Size, Trends and Insights

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Mar 2, 2023

Canada's Canary Seed Price Rises 8% to $689 per Ton

Canada Canary Seed Export Price in December 2022

In December 2022, the canary seed price stood at $689 per ton (FOB, Canada), growing by 8% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 12% against the previous month. As a result, the export price attained the peak level of $725 per ton. From October 2022 to December 2022, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In December 2022, the countries with the highest prices were the United States ($872 per ton) and Italy ($766 per ton), while the average price for exports to Croatia ($584 per ton) and Colombia ($608 per ton) were amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Canada Canary Seed Exports

In December 2022, shipments abroad of canary seed increased by 1.5% to 19K tons, rising for the second consecutive month after two months of decline. Over the period under review, total exports indicated a measured expansion from January 2022 to December 2022: its volume increased at an average monthly rate of +2.4% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, exports increased by +52.3% against October 2022 indices. The growth pace was the most rapid in March 2022 with an increase of 56% m-o-m. The exports peaked at 22K tons in August 2022; however, from September 2022 to December 2022, the exports remained at a lower figure.

In value terms, canary seed exports rose sharply to $13M (IndexBox estimates) in December 2022. In general, total exports indicated a pronounced expansion from January 2022 to December 2022: its value increased at an average monthly rate of +2.7% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, exports increased by +57.7% against October 2022 indices. The most prominent rate of growth was recorded in March 2022 with an increase of 59% against the previous month. The exports peaked at 14K tons in August 2022; however, from September 2022 to December 2022, the exports stood at a somewhat lower figure.

Canada Canary Seed Exports by Country

Mexico (6.5K tons), Belgium (3.3K tons) and Spain (1.2K tons) were the main destinations of canary seed exports from Canada, together comprising 58% of total exports. Colombia, Italy, Turkey, Egypt, the United States, Indonesia, China, Portugal, Tunisia and Croatia lagged somewhat behind, together accounting for a further 32%.

From January 2022 to December 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +28.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canary seed exported from Canada were Mexico ($4.4M), Belgium ($2.3M) and Spain ($875K), with a combined 58% share of total exports. Italy, Colombia, Turkey, the United States, Indonesia, Egypt, Portugal, China, Tunisia and Croatia lagged somewhat behind, together comprising a further 33%.

In terms of the main countries of destination, Turkey, with a CAGR of +30.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Canary Seed Market Overview

Canary seeds are a type of grains mainly used for bird feed. The price of canary seed depends on a variety of factors. These include the size of the crop yield, weather conditions, demand from buyers, and availability of different varieties. Additionally, production costs, government policies, and changing trends in the canary seed industry can also affect prices.

The demand for canary seed is driven by its use in bird feed. In Canada, the demand is increasing as more and more people are taking up the hobby of keeping pet birds. On the other hand, the supply of canary seed is largely determined by the size of the crop yield each year. With favorable weather conditions and good farming practices, the crop yields tend to be higher and can result in lower prices.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the canary seed market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 101 - Canary seed

Country coverage:

  • Canada

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Canada
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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