Eastern Europe: Canary Seed Market 2024

Canary Seed Market Size in Eastern Europe

The East European canary seed market totaled $X in 2022, growing by 3.9% against the previous year. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.6% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Canary Seed Production in Eastern Europe

In value terms, canary seed production stood at $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 24% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Hungary (X tons), Ukraine (X tons) and Bulgaria (X tons), together comprising 92% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Hungary (with a CAGR of +1.7%), while production for the other leaders experienced mixed trends in the production figures.

In 2022, the average canary seed yield in Eastern Europe amounted to X tons per ha, approximately mirroring the year before. The yield figure increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 57%. Over the period under review, the canary seed yield reached the peak level at X tons per ha in 2015; however, from 2016 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.

The canary seed harvested area contracted to X ha in 2022, almost unchanged from 2021. Over the period under review, the harvested area saw a noticeable slump. The growth pace was the most rapid in 2014 with an increase of 47% against the previous year. The level of 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 in Eastern Europe

Canary seed exports shrank remarkably to X tons in 2022, reducing by -39.1% against the year before. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 212% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, canary seed exports declined markedly to $X in 2022. Over the period under review, exports saw a pronounced shrinkage. The growth pace was the most rapid in 2014 with an increase of 205% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Hungary (X tons), distantly followed by Ukraine (X tons), the Czech Republic (X tons) and Bulgaria (X tons) were the main exporters of canary seed, together mixing up 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Czech Republic (with a CAGR of +23.7%), while the other leaders experienced a decline in the exports figures.

In value terms, Hungary ($X), the Czech Republic ($X) and Ukraine ($X) constituted the countries with the highest levels of exports in 2022, together comprising 92% of total exports.

In terms of the main exporting countries, the Czech Republic, with a CAGR of +26.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, jumping by 32% against the previous year. Export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 +101.9% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Bulgaria ($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 (+4.9%), while the other leaders experienced more modest paces of growth.

Canary Seed Imports

Imports in Eastern Europe

In 2022, supplies from abroad of canary seed decreased by -40.1% to X tons, falling for the second consecutive year after three years of growth. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 37%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, canary seed imports fell remarkably to $X in 2022. Total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.6% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 49%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Poland (X tons) and Russia (X tons) dominates imports structure, together creating 97% of total imports. Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +6.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Poland ($X), Russia ($X) and Bulgaria ($X) constituted the countries with the highest levels of imports in 2022, together comprising 98% of total imports.

In terms of the main importing countries, Russia, with a CAGR of +5.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, picking up by 18% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 +66.5% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bulgaria ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+7.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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