Asia: Oat Market 2024

Oat Market Size in Asia

In 2022, the Asian oat market increased by 7.2% to $X, rising for the third year in a row after two years of decline. The total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +27.0% against 2019 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Oat Production in Asia

In value terms, oat production rose to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.7% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 116%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

China (X tons) remains the largest oat producing country in Asia, accounting for 50% of total volume. Moreover, oat production in China exceeded the figures recorded by the second-largest producer, Turkey (X tons), twofold. Kazakhstan (X tons) ranked third in terms of total production with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. In the other countries, the average annual rates were as follows: Turkey (+3.5% per year) and Kazakhstan (+3.7% per year).

The average oat yield totaled X tons per ha in 2022, growing by 4.1% on the previous year's figure. In general, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 7.7%. Over the period under review, the oat yield hit record highs at X tons per ha in 2013; however, from 2014 to 2022, 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 2022, the harvested area of oats in Asia contracted to X ha, waning by -2.7% on 2021. The harvested area increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when the harvested area increased by 8.1% against the previous year. Over the period under review, the harvested area dedicated to oat production attained the maximum at X ha in 2021, and then dropped in the following year.

Oat Exports

Exports in Asia

In 2022, overseas shipments of oats were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of 170%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, oat exports surged to $X in 2022. Over the period under review, exports continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2019 with an increase of 95%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the largest exporter of oats in Asia, with the volume of exports reaching X tons, which was near 50% of total exports in 2022. It was distantly followed by Kazakhstan (X tons), Afghanistan (X tons) and Turkey (X tons), together constituting a 43% share of total exports. The following exporters - India (X tons) and Thailand (X tons) - each reached a 3.7% share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +10.4% from 2012 to 2022. At the same time, Thailand (+133.8%), Turkey (+65.7%), Afghanistan (+21.7%) and Kazakhstan (+6.2%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +133.8% from 2012-2022. By contrast, India (-12.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Afghanistan, Turkey, the United Arab Emirates and Thailand increased by +14, +6.1, +5.6 and +1.6 percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest oat supplier in Asia, comprising 62% of total exports. The second position in the ranking was taken by Thailand ($X), with a 7.4% share of total exports. It was followed by Kazakhstan, with a 7.3% share.

In the United Arab Emirates, oat exports increased at an average annual rate of +2.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+168.9% per year) and Kazakhstan (+1.3% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, reducing by -41.5% against the previous year. In general, the export price recorded a deep slump. The pace of growth was the most pronounced in 2021 an increase of 63%. As a result, the export price reached the peak level of $X per ton, and then fell dramatically in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+15.1%), while the other leaders experienced mixed trends in the export price figures.

Oat Imports

Imports in Asia

In 2022, purchases abroad of oats increased by 17% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 39%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, oat imports soared to $X in 2022. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 34%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

China prevails in imports structure, finishing at X tons, which was approx. 64% of total imports in 2022. India (X tons) took a 7.8% share (based on physical terms) of total imports, which put it in second place, followed by Japan (7.6%) and the United Arab Emirates (5.7%). South Korea (X tons), Mongolia (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to oat imports into China stood at +17.4%. At the same time, Sri Lanka (+90.0%), India (+25.1%), South Korea (+19.4%), Mongolia (+16.0%) and the United Arab Emirates (+15.6%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Asia, with a CAGR of +90.0% from 2012-2022. By contrast, Japan (-1.1%) illustrated a downward trend over the same period. While the share of China (+19 p.p.), India (+4.9 p.p.), Sri Lanka (+2.2 p.p.) and South Korea (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-21.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported oats in Asia, comprising 56% of total imports. The second position in the ranking was taken by Japan ($X), with a 12% share of total imports. It was followed by India, with a 9.6% share.

In China, oat imports expanded at an average annual rate of +16.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+0.7% per year) and India (+26.7% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with an increase of 7% against the previous year. Over the period under review, the import price, however, recorded a slight reduction. The pace of growth was the most pronounced in 2019 when the import price increased by 18% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :