Europe: Canary Seed Market 2024

Canary Seed Market Size in Europe

The Europe canary seed market rose remarkably to $X in 2022, surging by 8.3% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Canary Seed Production in Europe

In value terms, canary seed production expanded modestly to $X in 2022 estimated in export price. In general, production saw a noticeable descent. The pace of growth was the most pronounced in 2017 when the production volume increased by 44% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were the UK (X tons), Hungary (X tons) and Ukraine (X tons), together comprising 70% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by the UK (with a CAGR of +9.9%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of canary seed in Europe fell to X tons per ha, which is down by -3.5% on 2021. The yield indicated a tangible increase from 2012 to 2022: its figure increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, canary seed yield increased by +46.9% against 2018 indices. The growth pace was the most rapid in 2021 when the yield increased by 40% against the previous year. As a result, the yield attained the peak level of X tons per ha, and then contracted slightly 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 canary seed harvested area in Europe shrank to X ha, leveling off at the previous year's figure. In general, the harvested area recorded a pronounced setback. The pace of growth appeared the most rapid in 2014 with an increase of 46% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Canary Seed Exports

Exports in Europe

In 2022, after two years of growth, there was significant decline in overseas shipments of canary seed, when their volume decreased by -21.2% to X tons. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 72% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, canary seed exports declined slightly to $X in 2022. Overall, exports saw a noticeable descent. The pace of growth was the most pronounced in 2017 with an increase of 55%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the UK (X tons), distantly followed by the Netherlands (X tons), France (X tons), Belgium (X tons) and Hungary (X tons) represented the major exporters of canary seed, together generating 86% of total exports. The following exporters - Ukraine (X tons) and the Czech Republic (X tons) - together made up 6.8% of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +123.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest canary seed supplying countries in Europe were the UK ($X), the Netherlands ($X) and France ($X), together comprising 70% of total exports.

In terms of the main exporting countries, France, with a CAGR of +124.5%, saw 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.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, rising by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. As a result, the export price reached 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 Belgium ($X per ton), while the UK ($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 Europe

In 2022, imports of canary seed in Europe shrank to X tons, declining by -13.4% compared with the previous year's figure. In general, imports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2013 when imports increased by 39%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, canary seed imports expanded notably to $X in 2022. Overall, imports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 32% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Belgium was the main importing country with an import of around X tons, which reached 39% of total imports. Spain (X tons) took the second position in the ranking, distantly followed by Italy (X tons), Portugal (X tons), Germany (X tons) and France (X tons). All these countries together held approx. 50% share of total imports. Greece (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Greece (with a CAGR of +4.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest canary seed importing markets in Europe were Belgium ($X), Spain ($X) and Italy ($X), with a combined 71% share of total imports. Portugal, Germany, France and Greece lagged somewhat behind, together accounting for a further 21%.

In terms of the main importing countries, Greece, with a CAGR of +6.9%, saw the highest growth rate of the value of imports, 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 Europe amounted to $X per ton, growing by 32% against the previous year. Import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 +72.7% against 2018 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, major importing countries recorded the following prices: in Greece ($X per ton) and Spain ($X per ton), while France ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform