Global Poppy Seed Market 2024

Poppy Seed Market Size

The global poppy seed market expanded to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hit record highs in 2022 and is likely to continue growth in years to come.

Poppy Seed Production

In value terms, poppy seed production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Global production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Turkey (X tons), the Czech Republic (X tons) and Spain (X tons), with a combined X% share of global production. China, Australia, France, Hungary, Croatia, Germany and Slovakia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while production for the other global leaders experienced more modest paces of growth.

In 2022, the global average poppy seed yield was estimated at X tons per ha, with an increase of X% compared with the previous year's figure. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the average poppy seed yield attained the maximum level at X tons per ha in 2013; however, from 2014 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the global poppy seed harvested area shrank modestly to X ha, with a decrease of X% against the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the global poppy seed harvested area failed to regain momentum.

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Poppy Seed Exports

Exports

In 2022, shipments abroad of poppy seed increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports recorded a relatively flat trend pattern. The global exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, poppy seed exports surged to $X in 2022. Overall, total exports indicated a perceptible increase from 2012 to 2022: its value 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. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the Czech Republic (X tons) and Turkey (X tons) were the main exporters of poppy seedin the world, together finishing at approx. X% of total exports. China (X tons) ranks next in terms of the total exports with a X% share, followed by Spain (X%), Poland (X%), the Netherlands (X%) and France (X%).

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest poppy seed supplying countries worldwide were Turkey ($X), the Czech Republic ($X) and China ($X), with a combined X% share of global exports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average poppy seed export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, export 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. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while France ($X per ton) was amongst the lowest.

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

Poppy Seed Imports

Imports

In 2022, purchases abroad of poppy seed was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, poppy seed imports surged to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value 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. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, India (X tons), distantly followed by Poland (X tons), Russia (X tons), the Netherlands (X tons), the United States (X tons), Austria (X tons) and Germany (X tons) represented the main importers of poppy seed, together creating X% of total imports. The Czech Republic (X tons), Slovakia (X tons), Hungary (X tons), Ukraine (X tons), Nepal (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Nepal (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported poppy seed worldwide, comprising X% of global imports. The second position in the ranking was held by Russia ($X), with a X% share of global imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to X%. In the other countries, the average annual rates were as follows: Russia (X% per year) and Poland (X% per year).

Import Prices by Country

The average poppy seed import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, import price indicated perceptible 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, poppy seed import price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Global import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 India ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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