China: Oat Market 2023

Oat Market Size in China

In 2021, after three years of decline, there was significant growth in the Chinese oat market, when its value increased by 15% to $X. Overall, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Oat Production in China

In value terms, oat production expanded slightly to $X in 2021 estimated in export price. Overall, production saw a noticeable expansion. The growth pace was the most rapid in 2017 when the production volume increased by 420%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

In 2021, the average oat yield in China amounted to X tons per ha, stabilizing at 2020 figures. In general, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the yield increased by 8.4% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2021, the growth of the average oat 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 2021, approx. X ha of oats were harvested in China; approximately equating 2020. Over the period under review, the harvested area, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2016 with an increase of 8.9%. Over the period under review, the harvested area dedicated to oat production reached the maximum at X ha in 2012; however, from 2013 to 2021, the harvested area failed to regain momentum.

Oat Exports

Exports from China

In 2021, oat exports from China rose rapidly to X tons, with an increase of 7.9% compared with the previous year's figure. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 456% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, oat exports soared to $X in 2021. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 470% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X tons) was the main destination for oat exports from China, accounting for a 51% share of total exports. Moreover, oat exports to Myanmar exceeded the volume sent to the second major destination, Vietnam (X tons), fourfold. Thailand (X tons) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume to Myanmar totaled +193.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+7.9% per year) and Thailand (+23.8% per year).

In value terms, Myanmar ($X) emerged as the key foreign market for oat exports from China, comprising 46% of total exports. The second position in the ranking was held by Thailand ($X), with a 12% share of total exports. It was followed by Hong Kong SAR, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Myanmar amounted to +299.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+37.6% per year) and Hong Kong SAR (+11.9% per year).

Export Prices by Country

In 2021, the average oat export price amounted to $X per ton, picking up by 38% against the previous year. Over the period under review, the export price saw prominent growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 95%. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+36.1%), while the prices for the other major destinations experienced more modest paces of growth.

Oat Imports

Imports into China

In 2021, after three years of decline, there was significant growth in supplies from abroad of oats, when their volume increased by 47% to X tons. Overall, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 71% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, oat imports soared to $X in 2021. In general, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 46% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of oat to China, accounting for a 78% share of total imports. Moreover, oat imports from Australia exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Australia amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+215.8% per year) and Canada (+427.6% per year).

In value terms, Australia ($X) constituted the largest supplier of oat to China, comprising 77% of total imports. The second position in the ranking was held by Russia ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Australia amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+233.5% per year) and Canada (+268.5% per year).

Import Prices by Country

In 2021, the average oat import price amounted to $X per ton, falling by -3.7% against the previous year. Over the period under review, the import price saw a slight shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 24%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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