Spain: Canary Seed Market 2024

Canary Seed Market Size in Spain

The Spanish canary seed market skyrocketed to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw 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 somewhat lower figure.

Canary Seed Production in Spain

In value terms, canary seed production rose significantly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded notable growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Canary seed production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

In 2022, the average canary seed yield in Spain reduced modestly to X tons per ha, approximately reflecting 2021 figures. Overall, the yield, however, posted prominent growth. The growth pace was the most rapid in 2016 when the yield increased by X%. Over the period under review, the average canary seed yield hit record highs 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 was estimated at X ha, standing approx. at 2021 figures. Over the period under review, the harvested area saw a drastic downturn. The pace of growth appeared the most rapid in 2015 with a decrease of X%. Over the period under review, the harvested area dedicated to canary seed production reached the peak figure at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

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Canary Seed Exports

Exports from Spain

After three years of growth, shipments abroad of canary seed decreased by X% to X tons in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then reduced markedly in the following year.

In value terms, canary seed exports contracted significantly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced notably 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 X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Lebanon (with a CAGR of X%), while shipments for the other leaders experienced a decline.

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

Lebanon, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, rising by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign 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 (X%).

Canary Seed Imports

Imports into Spain

In 2022, purchases abroad of canary seed decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports saw a mild slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, canary seed imports surged to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports attained 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 canary seed supplier to Spain, with a X% share of total imports. It was followed by the Netherlands (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average canary seed import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for France ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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