Chile: Oat Market 2024

Oat Market Size in Chile

The Chilean oat market shrank remarkably to $X in 2022, dropping by -18.1% against the previous year. In general, consumption, however, continues to indicate a moderate expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Oat Production in Chile

In value terms, oat production soared to $X in 2022 estimated in export price. In general, production, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 127%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

In 2022, the average oat yield in Chile stood at X tons per ha, with an increase of 2.6% against the year before. The yield figure increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 32% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2022, the growth of the average oat 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 total area harvested in terms of oats production in Chile declined to X ha, reducing by -6.9% compared with the previous year. Overall, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. The oat harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Oat Exports

Exports from Chile

After three years of decline, overseas shipments of oats increased by 1,973% to X tons in 2022. In general, exports recorded a relatively flat trend pattern. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, oat exports soared to $X in 2022. Overall, exports showed a modest expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Peru (X tons), Mexico (X tons) and Ecuador (X tons) were the main destinations of oat exports from Chile, together comprising 95% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of +3.9%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for oat exported from Chile were Peru ($X), Mexico ($X) and Ecuador ($X), with a combined 91% share of total exports.

Ecuador, with a CAGR of +8.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average oat export price stood at $X per ton in 2022, reducing by -47.8% against the previous year. In general, the export price, however, recorded a slight increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 83%. The export price peaked at $X per ton in 2021, and then dropped sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Oat Imports

Imports into Chile

Oat imports into Chile contracted significantly to X tons in 2022, dropping by -99.5% compared with 2021 figures. In general, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 358,694%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, oat imports declined dramatically to $X in 2022. Over the period under review, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 102,035% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Canada (X tons) constituted the largest oat supplier to Chile, accounting for a 86% share of total imports. Moreover, oat imports from Canada exceeded the figures recorded by the second-largest supplier, Peru (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada amounted to +60.4%.

In value terms, Canada ($X) constituted the largest supplier of oats to Chile, comprising 85% of total imports. The second position in the ranking was taken by Peru ($X), with a 3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada stood at +44.2%.

Import Prices by Country

The average oat import price stood at $X per ton in 2022, increasing by 14% against the previous year. Overall, the import price recorded slight growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 186% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Peru stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+15.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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