MERCOSUR: Canary Seed Market 2024

Canary Seed Market Size in MERCOSUR

The MERCOSUR canary seed market contracted remarkably to $X in 2022, reducing by X% against the previous year. In general, consumption recorded a perceptible descent. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Canary Seed Production in MERCOSUR

In value terms, canary seed production dropped remarkably to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced downturn. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Argentina (X tons) constituted the country with the largest volume of canary seed production, accounting for X% of total volume. Moreover, canary seed production in Argentina exceeded the figures recorded by the second-largest producer, Uruguay (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume in Argentina was relatively modest.

In 2022, the average canary seed yield in MERCOSUR reduced slightly to X tons per ha, with a decrease of X% compared with the previous year. Overall, the yield recorded a noticeable reduction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the canary seed yield reached the peak level at X tons per ha in 2013; however, from 2014 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 harvested area of canary seed in MERCOSUR reduced sharply to X ha, with a decrease of X% compared with the previous year's figure. In general, the harvested area, however, saw a notable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to canary seed production attained the peak figure at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Canary Seed Exports

Exports in MERCOSUR

In 2022, overseas shipments of canary seed increased by X% to X tons, rising for the third consecutive year after three years of decline. Total exports indicated modest growth from 2012 to 2022: its volume 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, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, canary seed exports surged to $X in 2022. In general, exports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X tons) represented roughly X% of total exports in 2022.

Argentina was also the fastest-growing in terms of the canary seed exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) also remains the largest canary seed supplier in MERCOSUR.

From 2012 to 2022, the average annual growth rate of value in Argentina stood at X%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to X% per year.

Canary Seed Imports

Imports in MERCOSUR

Canary seed imports reduced to X tons in 2022, waning by X% against the year before. Overall, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, canary seed imports expanded rapidly to $X in 2022. In general, imports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Brazil was the main importer of canary seed in MERCOSUR, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Colombia (X tons), Chile (X tons) and Peru (X tons), together committing a X% share of total imports. Ecuador (X tons) held a little share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of canary seed. Ecuador experienced a relatively flat trend pattern. Chile (X%), Colombia (X%) and Peru (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Peru (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Colombia ($X) and Peru ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Chile and Ecuador lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Ecuador, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Peru ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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