Spain: Canary Seed Market 2024

Canary Seed Market Size in Spain

For the third consecutive year, the Spanish canary seed market recorded growth in sales value, which increased by 18% to $X in 2022. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Canary Seed Production in Spain

In value terms, canary seed production rose rapidly to $X in 2022 estimated in export price. Overall, production, however, saw a notable expansion. The pace of growth was the most pronounced in 2016 with an increase of 254%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In 2022, the average canary seed yield in Spain dropped slightly to X tons per ha, almost unchanged from 2021. Overall, the yield, however, saw prominent growth. The pace of growth was the most pronounced in 2016 when the yield increased by 463% against the previous year. The canary seed yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of canary seed production in Spain amounted to X ha, remaining constant against 2021. In general, the harvested area recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 when the harvested area decreased by -20% against the previous year. Over the period under review, the harvested area dedicated to canary seed production attained the maximum at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Canary Seed Exports

Exports from Spain

After three years of growth, overseas shipments of canary seed decreased by -60.6% to X tons in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 489%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced sharply in the following year.

In value terms, canary seed exports fell markedly to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 669%. The exports peaked at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Algeria (X tons), Lebanon (X tons) and Jordan (X tons) were the main destinations of canary seed exports from Spain, with a combined 98% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lebanon (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, the largest markets for canary seed exported from Spain were Algeria ($X), Lebanon ($X) and Jordan ($X), with a combined 98% share of total exports.

Among the main countries of destination, Lebanon, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average canary seed export price amounted to $X per ton, picking up by 41% against the previous year. In general, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+35.1%).

Canary Seed Imports

Imports into Spain

After two years of growth, overseas purchases of canary seed decreased by -3.9% to X tons in 2022. Over the period under review, imports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 12%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, canary seed imports soared to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 43%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Canada (X tons) was the main supplier of canary seed to Spain, with a 95% share of total imports. It was followed by France (X tons), with a 2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+117.0% per year) and the Netherlands (-4.1% per year).

In value terms, Canada ($X) constituted the largest supplier of canary seed to Spain, comprising 95% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 2.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Canada stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-2.9% per year) and France (+117.8% per year).

Import Prices by Country

The average canary seed import price stood at $X per ton in 2022, growing by 36% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 +85.3% against 2018 indices. The growth pace was the most rapid in 2016 an increase of 42% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain 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 the Netherlands ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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