Canary Seed Market Overview in the Czech Republic
In value terms, canary seed production declined notably to $ in 2019 estimated in export prices. Overall, production enjoyed a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of % year-to-year. Canary seed production peaked at $ in 2018, and then contracted notably in the following year.
In 2019, the average canary seed yield in the Czech Republic reached tonnes per ha, remaining stable against 2018. The yield figure increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 when the yield increased by % y-o-y. The canary seed yield peaked in 2019 and is likely to continue growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The canary seed harvested area in the Czech Republic totaled ha in 2019, approximately equating 2018 figures. In general, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the harvested area increased by % year-to-year. Over the period under review, the harvested area dedicated to canary seed production reached the peak figure in 2019 and is expected to retain growth in the immediate term.
The size of the canary seed market in the Czech Republic declined to $ in 2019, shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a buoyant increase. The pace of growth appeared the most rapid in 2017 when the market value increased by % year-to-year. Over the period under review, the market attained the maximum level at $ in 2018, and then shrank in the following year.