Global Oat Market 2024

Oat Market Size

The global oat market rose significantly to $X in 2022, with an increase of 6.2% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the global market failed to regain momentum.

Oat Production

In value terms, oat production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 11%. Over the period under review, global production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Russia (X tons), Canada (X tons) and Poland (X tons), with a combined 39% share of global production. Australia, Spain, the UK, Finland, Brazil, the United States, Germany, Sweden, China and Argentina lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Brazil (with a CAGR of +8.7%), while production for the other global leaders experienced more modest paces of growth.

In 2022, the global average oat yield rose slightly to X tons per ha, growing by 4.4% compared with the previous year. The yield figure increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 9.3%. Over the period under review, the average oat yield attained the maximum level at X tons per ha in 2020; however, from 2021 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 global harvested area of oats amounted to X ha, standing approx. at the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the harvested area increased by 5.5%. As a result, the harvested area attained the peak level of X ha. From 2018 to 2022, the growth of the global oat harvested area remained at a somewhat lower figure.

Oat Exports

Exports

In 2022, shipments abroad of oats decreased by -5.1% to X tons, falling for the second consecutive year after three years of growth. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when exports increased by 23% against the previous year. Over the period under review, the global exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, oat exports soared to $X in 2022. Over the period under review, total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.8% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada represented the key exporter of oats in the world, with the volume of exports recording X tons, which was near 37% of total exports in 2022. Australia (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Finland (7%), Sweden (6.5%) and the UK (5.2%). The following exporters - Poland (X tons), France (X tons), the Czech Republic (X tons), Russia (X tons), Chile (X tons), Estonia (X tons), Latvia (X tons) and Germany (X tons) - together made up 19% of total exports.

Exports from Canada decreased at an average annual rate of -2.6% from 2012 to 2022. At the same time, the UK (+31.7%), Latvia (+26.0%), Russia (+17.8%), France (+17.6%), Australia (+12.9%), Poland (+11.3%), Estonia (+7.2%), the Czech Republic (+6.0%) and Germany (+3.7%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter exported in the world, with a CAGR of +31.7% from 2012-2022. Sweden and Chile experienced a relatively flat trend pattern. By contrast, Finland (-4.2%) illustrated a downward trend over the same period. While the share of Australia (+11 p.p.), the UK (+4.8 p.p.), France (+2.9 p.p.), Poland (+2.4 p.p.) and Russia (+1.7 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Finland (-5.7 p.p.) and Canada (-20 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest oat supplier worldwide, comprising 40% of global exports. The second position in the ranking was taken by Australia ($X), with a 15% share of global exports. It was followed by the UK, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Canada was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (+13.5% per year) and the UK (+27.8% per year).

Export Prices by Country

The average oat export price stood at $X per ton in 2022, with an increase of 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.6%), while the other global leaders experienced more modest paces of growth.

Oat Imports

Imports

In 2022, purchases abroad of oats decreased by -8.2% to X tons, falling for the second year in a row after four years of growth. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 17% against the previous year. Over the period under review, global imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, oat imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the largest importing country with an import of about X tons, which amounted to 38% of total imports. Germany (X tons) took the second position in the ranking, followed by China (X tons), the Netherlands (X tons) and Belgium (X tons). All these countries together held approx. 39% share of total imports. Spain (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to oat imports into the United States stood at -2.0%. At the same time, the Netherlands (+19.7%), China (+17.4%), Belgium (+9.2%), Germany (+5.2%) and Spain (+2.2%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +19.7% from 2012-2022. China (+8.9 p.p.), the Netherlands (+6.9 p.p.), Germany (+3.5 p.p.) and Belgium (+2.6 p.p.) significantly strengthened its position in terms of the global imports, while the United States saw its share reduced by -19.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported oats worldwide, comprising 40% of global imports. The second position in the ranking was taken by Germany ($X), with a 12% share of global imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +1.5%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+4.8% per year) and China (+16.2% per year).

Import Prices by Country

In 2022, the average oat import price amounted to $X per ton, with an increase of 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the United States ($X per ton) and Spain ($X per ton), while Germany ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.5%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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