U.S.: Oat Market Overview 2021

Oat Market Size in the U.S.

In 2020, the U.S. oat market increased by X% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption, however, saw a slight downturn. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2009 to 2020, the growth of the market failed to regain the momentum.

Oat Production in the U.S.

In value terms, oat production totaled $X in 2020. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

In 2020, the average oat yield in the U.S. amounted to X tonnes per ha, remaining stable against 2019 figures. Overall, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the yield increased by X% against the previous year. The oat yield peaked at X tonnes per ha in 2015; however, from 2016 to 2020, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of oats production in the U.S. declined slightly to X ha, with a decrease of -X% compared with 2019. In general, the harvested area continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to oat production reached the maximum at X ha in 2007; however, from 2008 to 2020, the harvested area stood at a somewhat lower figure.

Oat Exports

Exports from the U.S.

In 2020, shipments abroad of oats was finally on the rise to reach X tonnes after two years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. from 2009 to 2020, the growth exports remained at a lower figure.

In value terms, oat exports surged to $X in 2020. In general, exports, however, showed moderate growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

Canada (X tonnes), Mexico (X tonnes) and China (X tonnes) were the main destinations of oat exports from the U.S., with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oat exported from the U.S. were China ($X), Canada ($X) and Japan ($X), with a combined X% share of total exports.

In terms of the main countries of destination, China (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average oat export price amounted to $X per tonne, rising by X% against the previous year. In general, export price indicated a notable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Italy ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Oat Imports

Imports into the U.S.

In 2020, purchases abroad of oats increased by X% to X tonnes for the first time since 2017, thus ending a two-year declining trend. Overall, imports, however, recorded a slight shrinkage. The growth pace was the most rapid in 2014 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, oat imports expanded modestly to $X in 2020. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. As a result, imports reached the peak of $X. from 2009 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Canada (X tonnes) was the main oat supplier to the U.S., with a X% share of total imports. It was followed by Sweden (X tonnes), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Canada stood at -X%.

In value terms, Canada ($X) constituted the largest supplier of oat to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Canada was relatively modest.

Import Prices by Country

In 2020, the average oat import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, import price indicated a slight expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, oat import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Canada ($X per tonne), while the price for Sweden amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sweden.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for oats in the world?

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The countries with the highest volumes of oat consumption in 2020 were Russia (4.3M tonnes), the U.S. (2.3M tonnes) and Canada (2.2M tonnes), with a combined 38% share of global consumption. These countries were followed by the UK, Germany, Poland, Australia, Brazil, Spain, Finland, China, Argentina and Sweden, which together accounted for a further 38%.

What are the largest producers of oats in the world?

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The countries with the highest volumes of oat production in 2020 were Russia (4.4M tonnes), Canada (4.2M tonnes) and Poland (1.2M tonnes), with a combined 42% share of global production. Finland, Australia, the UK, Brazil, Spain, the U.S., Sweden, Argentina, Germany and China lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of oats to the U.S.?

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In value terms, Canada ($354M) constituted the largest supplier of oat to the U.S., comprising 97% of total imports. The second position in the ranking was occupied by Sweden ($5.6M), with a 1.5% share of total imports.

What are the leading importers of oats from the U.S.?

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In value terms, China ($2.1M), Canada ($2.1M) and Japan ($1.6M) appeared to be the largest markets for oat exported from the U.S. worldwide, together accounting for 50% of total exports.

What is the average export price for oats in the U.S.?

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In 2020, the average oat export price amounted to $369 per tonne, growing by 7.4% against the previous year.

What is the average import price for oats in the U.S.?

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The average oat import price stood at $229 per tonne in 2020, which is down by -1.6% against the previous year.