Thailand: Canary Seed Market 2024

Canary Seed Market Size in Thailand

After three years of growth, the Thai canary seed market decreased by less than 0.1% to $X in 2022. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Canary Seed Production in Thailand

In value terms, canary seed production rose to $X in 2022 estimated in export price. In general, production showed a deep slump. The pace of growth appeared the most rapid in 2014 when the production volume increased by 299%. Canary seed production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

In 2022, the average canary seed yield in Thailand shrank slightly to X kg per ha, remaining constant against 2021. Overall, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 0.4% against the previous year. The canary seed yield peaked at X kg per ha in 2021, and then declined 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 Thailand reduced slightly to X ha, therefore, remained relatively stable against 2021 figures. The harvested area increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 when the harvested area increased by 3.2%. Over the period under review, the harvested area dedicated to canary seed production attained the maximum at X ha in 2021, and then declined modestly in the following year.

Canary Seed Exports

Exports from Thailand

In 2021, approx. X tons of canary seed were exported from Thailand; stabilizing at the year before. Overall, exports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2013 when exports increased by 24,097% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, canary seed exports stood at $X in 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 5,813% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Myanmar (X tons) was the main destination for canary seed exports from Thailand, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Myanmar was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Myanmar was relatively modest.

Export Prices by Country

The average canary seed export price stood at $X per ton in 2021, approximately equating the previous year. In general, the export price enjoyed tangible growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 298% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Bangladesh amounted to -0.3% per year.

Canary Seed Imports

Imports into Thailand

In 2022, the amount of canary seed imported into Thailand fell to X tons, waning by -5.6% compared with the previous year's figure. In general, imports, however, showed a perceptible increase. The pace of growth was the most pronounced in 2021 with an increase of 107%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, canary seed imports soared to $X in 2022. Over the period under review, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 123%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

Argentina (X tons), Canada (X tons) and Australia (X tons) were the main suppliers of canary seed imports to Thailand, together accounting for 100% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +3.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest canary seed suppliers to Thailand were Argentina ($X), Canada ($X) and Australia ($X), with a combined 100% share of total imports.

In terms of the main suppliers, Canada, with a CAGR of +6.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average canary seed import price amounted to $X per ton, with an increase of 34% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price 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, canary seed import price increased by +103.4% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 51% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual 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 Australia ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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