
U.S. - Oats - Market Analysis, Forecast, Size, Trends and Insights
U.S.: Oat Market 2023
Oat Market Size in the U.S.
After three years of growth, the U.S. oat market decreased by -1.3% to $X in 2021. Over the period under review, consumption showed a mild decline. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.
Oat Production in the U.S.
In value terms, oat production dropped to $X in 2021. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 29%. Oat production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.
The average yield of oats in the United States reduced modestly to X tons per ha in 2021, remaining relatively unchanged against the previous year. Over the period under review, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the yield increased by 5.9%. Over the period under review, the average oat yield attained the peak level at X tons per ha in 2015; however, from 2016 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2021, the total area harvested in terms of oats production in the United States contracted to X ha, with a decrease of -8.8% compared with the previous year's figure. Overall, the harvested area continues to indicate a slight descent. The growth pace was the most rapid in 2015 with an increase of 23%. As a result, the harvested area attained the peak level of X ha. From 2016 to 2021, the growth of the oat harvested area failed to regain momentum.
Oat Exports
Exports from the U.S.
In 2021, overseas shipments of oats increased by 61% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, oat exports surged to $X in 2021. In general, exports posted a resilient increase. The pace of growth was the most pronounced in 2016 when exports increased by 58% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.
Exports by Country
Canada (X tons), Belgium (X tons) and the UK (X tons) were the main destinations of oat exports from the United States, together comprising 61% of total exports.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +156.5%), while the other leaders experienced more modest paces of growth.
In value terms, Canada ($X), China ($X) and Belgium ($X) constituted the largest markets for oat exported from the United States worldwide, with a combined 56% share of total exports.
In terms of the main countries of destination, Belgium, with a CAGR of +146.1%, 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 2021, the average oat export price amounted to $X per ton, waning by -14.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 23%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Singapore ($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 China (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Oat Imports
Imports into the U.S.
In 2021, imports of oats into the United States reduced to X tons, waning by -9.6% on 2020 figures. In general, imports saw a mild decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 25%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.
In value terms, oat imports expanded sharply to $X in 2021. Overall, imports continue to indicate a mild slump. The pace of growth appeared the most rapid in 2014 with an increase of 29%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.
Imports by Country
In 2021, Canada (X tons) was the main oat supplier to the United States, with a 96% share of total imports. It was followed by Sweden (X tons), with a 2.9% share of total imports.
From 2012 to 2021, the average annual growth rate of volume from Canada amounted to -1.3%.
In value terms, Canada ($X) constituted the largest supplier of oat to the United States, comprising 97% of total imports. The second position in the ranking was held by Sweden ($X), with a 2.6% share of total imports.
From 2012 to 2021, the average annual growth rate of value from Canada totaled -1.1%.
Import Prices by Country
The average oat import price stood at $X per ton in 2021, increasing by 17% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per ton), while the price for Sweden stood at $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.2%), while the prices for the other major suppliers experienced a decline.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the oat market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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