Global Oat Market 2023

Oat Market Size

In 2021, after two years of growth, there was decline in the global oat market, when its value decreased by -3% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the global market remained at a somewhat lower figure.

Oat Production

In value terms, oat production dropped modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 17%. As a result, production reached the peak level of $X. From 2014 to 2021, global production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2021 were Canada (X tons), Russia (X tons) and Poland (X tons), with a combined 42% share of global production. Finland, Australia, Spain, the UK, Brazil, the United States, Sweden, Germany, Argentina and China lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were in Brazil (with a CAGR of +8.7%), while production for the other global leaders experienced more modest paces of growth.

In 2021, the global average oat yield fell modestly to X tons per ha, which is down by -2.2% compared with 2020 figures. The yield figure increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the yield increased by 9.2% against the previous year. The global yield peaked at X tons per ha in 2020, and then fell slightly in the following year. 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 worldwide; shrinking by -2% on the year before. In general, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the harvested area increased by 5.5% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2018 to 2021, the growth of the global oat harvested area remained at a lower figure.

Oat Exports

Exports

In 2021, overseas shipments of oats decreased by -1.7% to X tons for the first time since 2017, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 23%. The global exports peaked at X tons in 2020, and then contracted in the following year.

In value terms, oat exports expanded rapidly to $X in 2021. The total export value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 16%. Over the period under review, the global exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Canada represented the major exporting country with an export of around X tons, which accounted for 45% of total exports. Australia (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Finland (10%), Poland (6.3%) and Sweden (5.8%). The following exporters - Latvia (X tons), France (X tons), Russia (X tons) and Lithuania (X tons) - each reached an 8.5% share of total exports.

Canada experienced a relatively flat trend pattern with regard to volume of exports of oats. At the same time, Latvia (+36.5%), Australia (+31.5%), Russia (+19.6%), Poland (+19.2%), Lithuania (+19.0%) and France (+13.7%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in the world, with a CAGR of +36.5% from 2012-2021. Finland and Sweden experienced a relatively flat trend pattern. While the share of Australia (+9.8 p.p.), Poland (+4.6 p.p.) and Latvia (+2.2 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Sweden (-1.9 p.p.), Finland (-3.2 p.p.) and Canada (-14.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest oat supplier worldwide, comprising 44% of global exports. The second position in the ranking was held by Australia ($X), with a 12% share of global exports. It was followed by Finland, with an 8.9% share.

In Canada, oat exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (+32.5% per year) and Finland (-1.7% per year).

Export Prices by Country

In 2021, the average oat export price amounted to $X per ton, increasing by 11% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Australia ($X per ton) and Lithuania ($X per ton), while Russia ($X per ton) and Latvia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+0.7%), while the other global leaders experienced mixed trends in the export price figures.

Oat Imports

Imports

In 2021, after four years of growth, there was decline in purchases abroad of oats, when their volume decreased by -1.1% to X tons. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 18%. Global imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, oat imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 10%. Over the period under review, global imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) represented the major importer of oats, making up 39% of total imports. Germany (X tons) ranks second in terms of the total imports with a 16% share, followed by China (8.4%), the Netherlands (7.3%) and Belgium (5.2%). Spain (X tons) and Mexico (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to oat imports into the United States stood at -1.3%. At the same time, the Netherlands (+20.9%), China (+15.9%), Belgium (+11.1%), Germany (+8.4%), Spain (+3.4%) and Mexico (+2.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +20.9% from 2012-2021. While the share of Germany (+5.6 p.p.), the Netherlands (+5.6 p.p.), China (+5.5 p.p.) and Belgium (+2.6 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of the United States (-19 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported oats worldwide, comprising 35% of global imports. The second position in the ranking was taken by Germany ($X), with a 15% share of global imports. It was followed by China, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value in the United States stood at -1.2%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+6.4% per year) and China (+14.5% per year).

Import Prices by Country

In 2021, the average oat import price amounted to $X per ton, with an increase of 8.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Global import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in China ($X per ton) and Germany ($X per ton), while the Netherlands ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.1%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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