Canada Remains the Largest Exporter of Oats in the World, With $501.5B in 2014
Cereals June 18, 2015
Canada continued its dominant position in the global oat trade, combining with Finland to corral a 70.8 share of total global exports. Canada's primary trading partner in 2014 was the United States. 97.0% of its total oat exports was sent to the U.S., accounting for 90.1% of total U.S. imports.
Overall, the global oat trade reached 838.3 million USD, with a CAGR of 4.3% from 2007 to 2014. In physical terms, it showed slight growth, rising from 2.9 million tonnes in 2007 to 3.0 million tonnes in 2014.
In 2014, the U.S. (60.7%), Germany (10.5%), China (4.3%), Belgium (2.6%) and Mexico (2.3%) were the leading destinations of oat imports, together making up 80.4% of global imports. The share of China in the global trade increased (+4 percentage points), while the share of Mexico illustrated negative dynamics (-1.3 percentage points). The global trade shares of the majority of other countries showed positive dynamics throughout the analyzed period.
The fastest growing exporters from 2007 to 2014 were Sweden (+12.7% per year) and the United Kingdom (+13.5% per year). Sweden significantly strengthened its position in the global exports structure, from 4.8% in 2007 to 8.5% in 2014.
Source: World: Oats - Market Report. Analysis And Forecast To 2020
