Price for Cereal Grains; Rolled or Flaked, of Oats in Canada - 2024

Price for Cereal Grains; Rolled or Flaked, of Oats in Canada (FOB) - 2024

In September 2023, the average export price for cereal grains; rolled or flaked, of oatses amounted to $1,059 per ton, waning by -3.6% against the previous month. Over the period under review, the export price recorded a slight shrinkage. The most prominent rate of growth was recorded in July 2023 an increase of 4.7% against the previous month. The export price peaked at $1,163 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was the United States ($1,111 per ton), while the average price for exports to South Korea totaled $429 per ton.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.1%).

Price for Cereal Grains; Rolled or Flaked, of Oats in Canada (CIF) - 2024

The average import price for cereal grains; rolled or flaked, of oatses stood at $213 per ton in September 2023, with a decrease of -87.7% against the previous month. In general, the import price saw a abrupt shrinkage. The growth pace was the most rapid in August 2023 when the average import price increased by 285% m-o-m. The import price peaked at $2,164 per ton in April 2023; however, from May 2023 to September 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($1,044 per ton), while the price for China amounted to $1,027 per ton.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by China (+17.8%).

Exports of Cereal Grains; Rolled or Flaked, of Oats in Canada

Exports of cereal grains; rolled or flaked, of oatses from Canada was estimated at 183K tons in 2022, increasing by 12% on the previous year's figure. The total export volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 15%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of cereal grains; rolled or flaked, of oatses soared to $229M in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Cereal Grains; Rolled or Flaked, of Oats in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	113	131	139	222	25.2%
Japan	1.2	1.8	2.2	3.2	38.7%
South Korea	N/A	0.3	0.4	1.3	108.2%
Others	4.5	7.8	4.5	3.3	-9.8%
Total	119	141	146	229	24.4%

Top Export Markets for Cereal Grains; Rolled or Flaked, of Oats from Canada in 2022:

United States (166.0K tons)
Japan (7.1K tons)
South Korea (3.0K tons)

Imports of Cereal Grains; Rolled or Flaked, of Oats in Canada

In 2022, approx. 3.9K tons of cereal grains; rolled or flaked, of oatses were imported into Canada; approximately mirroring the previous year. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 16%. As a result, imports attained the peak of 4.2K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cereal grains; rolled or flaked, of oatses expanded sharply to $5.9M in 2022. The total import value increased at an average annual rate of +11.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 18%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.