Canada - Poppy Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPoppy Seed Price in Canada - 2023
Contents:
- Poppy Seed Price in Canada (CIF) - 2023
- Poppy Seed Price in Canada (FOB) - 2022
- Poppy Seed Imports in Canada
- Poppy Seed Exports in Canada
Poppy Seed Price in Canada (CIF) - 2023
In June 2023, the average poppy seed import price amounted to $4,058 per ton, with an increase of 32% against the previous month. In general, the import price, however, recorded a noticeable decline. The growth pace was the most rapid in November 2022 an increase of 75% m-o-m. Over the period under review, average import prices hit record highs at $5,701 per ton in December 2022; however, from January 2023 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Turkey ($6,406 per ton), while the price for the Netherlands ($3,724 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+0.2%), while the prices for the other major suppliers experienced a decline.
Poppy Seed Price in Canada (FOB) - 2022
In 2022, the average poppy seed export price amounted to $3,907 per ton, standing approx. at the previous year. Over the period under review, the export price, however, saw resilient growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 85%. Over the period under review, the average export prices attained the maximum at $6,524 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.2% per year.
Poppy Seed Imports in Canada
In 2022, the amount of poppy seed imported into Canada dropped significantly to 941 tons, reducing by -21% compared with the previous year. In general, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of 1.2K tons, and then declined sharply in the following year.
In value terms, poppy seed imports shrank to $3.5M in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 3.3%.
Import of Poppy Seed in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 2,250 | 1,498 | 1,875 | 1,580 | -11.1% |
Australia | 504 | 511 | 240 | 731 | 13.2% |
Turkey | 818 | 563 | 632 | 482 | -16.2% |
India | 169 | 221 | 177 | 239 | 12.2% |
Spain | 398 | 300 | 348 | 223 | -17.6% |
Czech Republic | 145 | 272 | 460 | 184 | 8.3% |
United States | 257 | 218 | 8.6 | 53.6 | -40.7% |
Others | 37.8 | 233 | 204 | 44.7 | 5.7% |
Total | 4,578 | 3,816 | 3,944 | 3,537 | -8.2% |
Top Suppliers of Poppy Seed to Canada in 2022:
- Netherlands (442.9 tons)
- Australia (203.9 tons)
- Turkey (95.4 tons)
- Spain (83.1 tons)
- Czech Republic (51.8 tons)
- India (43.0 tons)
- United States (7.9 tons)
Poppy Seed Exports in Canada
For the third year in a row, Canada recorded decline in shipments abroad of poppy seed, which decreased by -9.4% to 66 tons in 2022. Over the period under review, exports recorded a abrupt contraction. The smallest decline of -7.9% was in 2020.
In value terms, poppy seed exports declined to $256K in 2022. Overall, exports continue to indicate a deep setback.
Export of Poppy Seed in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 418 | 355 | 284 | 256 | -15.1% |
Others | N/A | 0.1 | N/A | 0.1 | 0.0% |
Total | 418 | 355 | 284 | 256 | -15.1% |
Top Export Markets for Poppy Seed from Canada in 2022:
- United States (65.3 tons)
This report provides an in-depth analysis of the poppy seed market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 296 - Poppy seed
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The rate of growth for poppy seed imports was highest in April 2023, with a 571% increase compared to the previous month. In terms of value, poppy seed imports significantly decreased to $130K in September 2023.
From April 2023 to December 2023, the growth of Mustard Seed exports remained stagnant. The value of Mustard Seed exports decreased slightly to $14M in December 2023.
From April 2023 to October 2023, the exports of Mustard Seed experienced a slight decrease in growth. In terms of value, the exports of Mustard Seed rose to $15M in October 2023.
The price of Mustard Seed in June 2023 was $1,979 per ton (FOB, Canada), showing a significant increase of 62% compared to the previous month.
In terms of exports, there is a consistent flat trend. The value of Oil Crops exports surged to $949M in October 2023.
The global poppy seed market was estimated at X tons in 2016, which was X% more than in the previous year.
Global poppy seed consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
Global poppy seed exports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
Global poppy seed imports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
In 2015, the countries with the highest levels of poppy seed production were the Czech Republic (X thousand tons), Turkey (X thousand tons), Spain (X thousand tons), together accounting for X% of total output.