SADC: Canary Seed Market 2025

Canary Seed Market Size in SADC

In 2022, the SADC canary seed market increased by 14% to $X, rising for the fourth year in a row after three years of decline. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +69.2% against 2018 indices. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Canary Seed Production in SADC

In value terms, canary seed production declined to $X in 2022 estimated in export price. The total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.8% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 28%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Democratic Republic of the Congo (X tons) constituted the country with the largest volume of canary seed production, comprising approx. 70% of total volume. Moreover, canary seed production in Democratic Republic of the Congo exceeded the figures recorded by the second-largest producer, Madagascar (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume in Democratic Republic of the Congo totaled +2.6%. The remaining producing countries recorded the following average annual rates of production growth: Madagascar (+2.1% per year) and Lesotho (+0.2% per year).

Canary Seed Exports

Exports in SADC

After four years of growth, shipments abroad of canary seed decreased by -24.6% to X tons in 2022. Overall, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2016 when exports increased by 256% 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 remained at a lower figure.

In value terms, canary seed exports shrank remarkably to $X in 2022. In general, exports saw a abrupt curtailment. The growth pace was the most rapid in 2018 when exports increased by 502%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X tons) represented roughly 100% of total exports in 2022.

South Africa was also the fastest-growing in terms of the canary seed exports, with a CAGR of -11.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest canary seed supplier in SADC.

In South Africa, canary seed exports plunged by an average annual rate of -11.4% over the period from 2012-2022.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, reducing by -8% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 107% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +0.2% per year.

Canary Seed Imports

Imports in SADC

After four years of growth, supplies from abroad of canary seed decreased by -17.1% to X tons in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 35%. As a result, imports reached the peak of X tons, and then declined rapidly in the following year.

In value terms, canary seed imports soared to $X in 2022. In general, imports, however, showed a tangible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa prevails in imports structure, finishing at X tons, which was near 81% of total imports in 2022. Botswana (X tons) took the second position in the ranking, followed by Democratic Republic of the Congo (X tons). All these countries together held near 10% share of total imports. The following importers - Mauritius (X tons) and Namibia (X tons) - each accounted for a 6.9% share of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of canary seed. At the same time, Democratic Republic of the Congo (+58.2%) and Botswana (+18.9%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of +58.2% from 2012-2022. By contrast, Mauritius (-1.1%) and Namibia (-12.2%) illustrated a downward trend over the same period. South Africa (+5.9 p.p.), Democratic Republic of the Congo (+4.7 p.p.) and Botswana (+4.4 p.p.) significantly strengthened its position in terms of the total imports, while Namibia saw its share reduced by -8.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported canary seed in SADC, comprising 83% of total imports. The second position in the ranking was taken by Botswana ($X), with a 6.6% share of total imports. It was followed by Mauritius, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to +5.4%. The remaining importing countries recorded the following average annual rates of imports growth: Botswana (+22.1% per year) and Mauritius (+2.4% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, growing by 89% against the previous year. Over the period under review, the import price saw perceptible growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Botswana ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform