Cereals; Oats, Seeds Price in Canada - 2023
Contents:
- Cereals; Oats, Seeds Price in Canada (FOB) - 2023
- Cereals; Oats, Seeds Price in Canada (CIF) - 2022
- Cereals; Oats, Seeds Exports in Canada
- Cereals; Oats, Seeds Imports in Canada
Cereals; Oats, Seeds Price in Canada (FOB) - 2023
The average cereals; oats, seeds export price stood at $516 per ton in June 2023, rising by 10% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average export price increased by 54% m-o-m. Over the period under review, the average export prices attained the peak figure at $782 per ton in January 2023; however, from February 2023 to June 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In June 2023, the country with the highest price was the United States ($542 per ton), while the average price for exports to Japan amounted to $399 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.1%), while the prices for the other major destinations experienced a decline.
Cereals; Oats, Seeds Price in Canada (CIF) - 2022
In 2022, the average cereals; oats, seeds import price amounted to $762 per ton, falling by -15.7% against the previous year. Overall, the import price recorded a abrupt decrease. The growth pace was the most rapid in 2017 an increase of 132% against the previous year. The import price peaked at $2,074 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($1,260 per ton), while the price for Chile ($166 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-3.3%), while the prices for the other major suppliers experienced a decline.
Cereals; Oats, Seeds Exports in Canada
In 2022, shipments abroad of cereals; oats, seedses decreased by -5.2% to 24K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 22%.
In value terms, cereals; oats, seeds exports contracted to $10M in 2022. The total export value increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 24% against the previous year.
| Export of Cereals; Oats, Seeds in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.5 | 5.1 | 9.0 | 8.2 | 14.2% |
| South Korea | 0.6 | 0.8 | 0.3 | 0.8 | 10.1% |
| Japan | 0.2 | 0.3 | 0.9 | 0.7 | 51.8% |
| Taiwan (Chinese) | 0.6 | 0.4 | 0.7 | 0.6 | 0.0% |
| Nigeria | N/A | 2.4 | N/A | N/A | 0% |
| Sri Lanka | 0.9 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.7 | 0.1 | N/A | -85.7% |
| Total | 7.7 | 9.6 | 11.0 | 10.3 | 10.2% |
Top Export Markets for Cereals; Oats, Seeds from Canada in 2022:
- United States (18.6K tons)
- South Korea (2.4K tons)
- Japan (1.9K tons)
- Taiwan (Chinese) (1.2K tons)
Cereals; Oats, Seeds Imports in Canada
In 2022, approx. 78 tons of cereals; oats, seedses were imported into Canada; picking up by 11% against 2021 figures. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, cereals; oats, seeds imports fell to $59K in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. As a result, imports attained the peak of $63K, and then declined in the following year.
| Import of Cereals; Oats, Seeds in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 56.6 | 48.7 | 56.5 | 53.0 | -2.2% |
| New Zealand | 1.6 | 3.4 | 4.7 | 4.4 | 40.1% |
| Netherlands | 0.6 | 1.4 | 1.4 | 1.4 | 32.6% |
| Chile | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 0.2 | 1.2 | 0.5 | 0.2 | 0.0% |
| Total | 59.2 | 55.0 | 63.3 | 59.1 | -0.1% |
Top Suppliers of Cereals; Oats, Seeds to Canada in 2022:
- United States (71.0 tons)
- New Zealand (3.5 tons)
- Netherlands (1.8 tons)
- Chile (1.0 tons)
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The Oat exports reached their highest point at 2M tons in 2020, but struggled to regain momentum from 2021 to 2023. In terms of value, Oat exports saw significant growth, reaching $533M by 2023.
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In September 2022, the oat price stood at $452 per ton (FOB, Canada), surging by 20% against the previous month.
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The oat market indicated steady growth in 2020. The production and export of oats increased against heightened demand, not only from livestock farmers and producers of animal feed but also from a nascent trend emerging in the food sector: the use of oats as an ingredient in the manufacture of healthy food products.
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In 2017, the volume of the global oats consumption stood at approx. X tons, not moving far from the 2016 figure.
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Global oat consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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In 2015, the countries with the highest levels of oat production were Russia (X thousand tons), Canada (X thousand tons), Poland (X thousand tons), together accounting for X% of total output.
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In 2014, the oat market decreased again to X thousand tons (-X% Y-o-Y).
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Canada seized control of the global oat market. In 2014, Canada exported X thousand tons of oats totaling X million USD, a robust X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total oat expor
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Canada continued its dominant position in the global oat trade, combining with Finland to corral a X share of total global exports. Canada's primary trading partner in 2014 was the United States. X% of its total oat exports was sent to the U.S.,
