Montenegro: Oat Market 2020

Oat Market Size in Montenegro

The revenue of the oat market in Montenegro amounted to $X in 2018, growing by X% against the previous year. Over the period under review, the total market indicated a buoyant increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, oat consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2013 when the market value increased by X% year-to-year. In that year, the oat market attained its peak level of $X. From 2014 to 2018, the growth of the oat market remained at a somewhat lower figure.

Oat Production in Montenegro

In value terms, oat production stood at $X in 2018 estimated in export prices. In general, oat production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Montenegro oat production peaked at $X in 2013; however, from 2014 to 2018, production failed to regain its momentum.

Average yield of oats in Montenegro stood at X ton per ha in 2018, picking up by X% against the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when yield increased by X% against the previous year. Over the period under review, the oat yield attained its maximum level in 2018 and is likely to continue its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Oat harvested area in Montenegro amounted to X ha in 2018, picking up by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to oat production reached its peak figure in 2018 and is expected to retain its growth in the immediate term.

Oat Exports

Exports by Country

Canada prevails in oat exports structure, resulting at X tons, which was near X% of total exports in 2018. Sweden (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Finland (X%). Poland (X tons), France (X tons), Spain (X tons), Estonia (X tons), Lithuania (X tons) and Latvia (X tons) occupied a little share of total exports.

Exports from Canada decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Estonia (+X%), Latvia (+X%), Lithuania (+X%), Poland (+X%), Sweden (+X%), France (+X%), Finland (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Sweden (+X p.p.), Poland (+X p.p.), Estonia (+X p.p.) and France (+X p.p.) significantly strengthened its position in terms of the global exports, while Canada saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest oat supplier from Montenegro, comprising X% of global exports. The second position in the ranking was occupied by Finland ($X), with a X% share of global exports. It was followed by Sweden, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Canada was relatively modest. In the other countries, the average annual rates were as follows: Finland (+X% per year) and Sweden (+X% per year).

Export Prices by Country

In 2018, the oat export price in Montenegro amounted to $X per ton, approximately equating the previous year. Overall, the oat export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for oats reached their peak figure at $X per ton in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Estonia ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Estonia, while the other leaders experienced more modest paces of growth.

Oat Imports

Imports into Montenegro

In 2018, the imports of oats into Montenegro amounted to X tons, coming down by -X% against the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. In that year, oat imports attained their peak of X tons, and then declined slightly in the following year.

In value terms, oat imports stood at $X in 2018. Over the period under review, oat imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Montenegro imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. represented the main importer of oats in the world, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2018. It was distantly followed by Germany (X tons) and Mexico (X tons), together achieving a X% share of total imports. The Netherlands (X tons), Belgium (X tons), Spain (X tons), the UK (X tons), Japan (X tons), Peru (X tons) and Switzerland (X tons) followed a long way behind the leaders.

Imports into the U.S. decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Peru (+X%), the Netherlands (+X%), Germany (+X%), Mexico (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The UK, Japan and Switzerland experienced a relatively flat trend pattern. By contrast, Spain (-X%) illustrated a downward trend over the same period. Germany (+X p.p.), the Netherlands (+X p.p.) and Mexico (+X p.p.) significantly strengthened its position in terms of the global imports, while the U.S. saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported oats into Montenegro, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Mexico, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. totaled -X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Mexico (+X% per year).

Import Prices by Country

The oat import price in Montenegro stood at $X per ton in 2018, surging by X% against the previous year. Over the period under review, the oat import price, however, continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2011 when the import price increased by X% against the previous year. Montenegro import price peaked at $X per ton in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per ton), while the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform