Asia-Pacific: Oat Market 2024

Oat Market Size in Asia-Pacific

The Asia-Pacific oat market fell to $X in 2022, waning by -5.2% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Oat Production in Asia-Pacific

In value terms, oat production fell modestly to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.3% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 47%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

The country with the largest volume of oat production was Australia (X tons), accounting for 70% of total volume. Moreover, oat production in Australia exceeded the figures recorded by the second-largest producer, China (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Australia stood at +1.9%.

The average oat yield dropped to X tons per ha in 2022, shrinking by -5.3% against the previous year. In general, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the yield increased by 16%. The level of yield peaked at X tons per ha in 2012; however, from 2013 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-Pacific fell to X ha, with a decrease of -10.1% compared with 2021. The harvested area increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, the harvested area reached the peak level of X ha, and then reduced in the following year.

Oat Exports

Exports in Asia-Pacific

In 2022, shipments abroad of oats increased by 46% to X tons, rising for the third consecutive year after two years of decline. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 853% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, oat exports skyrocketed to $X in 2022. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 504% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The biggest shipments were from Australia (X tons), together resulting at 99% of total export.

Australia was also the fastest-growing in terms of the oats exports, with a CAGR of +12.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest oat supplier in Asia-Pacific.

In Australia, oat exports increased at an average annual rate of +13.5% over the period from 2012-2022.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, rising by 3.5% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 42%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +0.5% per year.

Oat Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of oats increased by 22% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports recorded strong growth. The pace of growth was the most pronounced in 2017 when imports increased by 40% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, oat imports surged to $X in 2022. Overall, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2015 when imports increased by 33% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

China prevails in imports structure, finishing at X tons, which was approx. 73% of total imports in 2022. India (X tons) ranks second in terms of the total imports with an 8.9% share, followed by Japan (8.6%) and South Korea (4.7%). Sri Lanka (X tons) and the Philippines (X tons) held a little share of total imports.

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%) and the Philippines (+4.3%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +90.0% from 2012-2022. By contrast, Japan (-1.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, India, Sri Lanka and South Korea increased by +22, +5.6, +2.6 and +1.9 percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported oats in Asia-Pacific, comprising 64% of total imports. The second position in the ranking was taken by Japan ($X), with a 14% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +16.2%. In the other countries, the average annual rates were as follows: Japan (+0.7% per year) and India (+26.7% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, surging by 4.9% against the previous year. Overall, the import price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2019 when the import price increased by 19% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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