Latin America and the Caribbean: Oat Market 2025

Oat Market Size in Latin America and the Caribbean

In 2022, the Latin American oat market decreased by -12.3% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Oat Production in Latin America and the Caribbean

In value terms, oat production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% 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 2016 with an increase of 40%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were Brazil (X tons), Argentina (X tons) and Chile (X tons), together comprising 92% of total production.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +8.7%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of oats in Latin America and the Caribbean declined slightly to X tons per ha, with a decrease of -5% compared with the year before. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by 21%. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the 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.

The oat harvested area stood at X ha in 2022, picking up by 1.6% on the previous year. The harvested area increased at an average annual rate of +4.8% 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 2017 with an increase of 20% against the previous year. Over the period under review, the harvested area dedicated to oat production attained the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Oat Exports

Exports in Latin America and the Caribbean

In 2022, after three years of decline, there was significant growth in overseas shipments of oats, when their volume increased by 600% to X tons. In general, exports continue to indicate a modest expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, oat exports soared to $X in 2022. Over the period under review, exports enjoyed a slight expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Chile (X tons) was the main exporter of oats, committing 79% of total exports. It was distantly followed by Brazil (X tons), achieving a 17% share of total exports. Uruguay (X tons) followed a long way behind the leaders.

Chile experienced a relatively flat trend pattern with regard to volume of exports of oats. At the same time, Brazil (+21.2%) and Uruguay (+18.6%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +21.2% from 2012-2022. While the share of Brazil (+14 p.p.) and Uruguay (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Chile (-10.8 p.p.) displayed negative dynamics.

In value terms, Chile ($X) emerged as the largest oat supplier in Latin America and the Caribbean, comprising 84% of total exports. The second position in the ranking was taken by Brazil ($X), with an 8.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile stood at +1.9%. In the other countries, the average annual rates were as follows: Brazil (+7.6% per year) and Uruguay (+19.2% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, declining by -42% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 84%. The level of export peaked at $X per ton in 2021, 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 Uruguay ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Oat Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of oats were imported in Latin America and the Caribbean; which is down by -64.9% against the previous year's figure. In general, imports saw a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 88% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, oat imports shrank markedly to $X in 2022. Overall, imports recorded a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 76%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Peru represented the main importing country with an import of around X tons, which recorded 46% of total imports. Ecuador (X tons) took the second position in the ranking, followed by Uruguay (X tons) and the Dominican Republic (X tons). All these countries together took near 45% share of total imports. The following importers - Jamaica (X tons) and Cuba (X tons) - each resulted at a 3.3% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to oat imports into Peru stood at +4.6%. At the same time, Uruguay (+5.7%), Jamaica (+4.5%) and Cuba (+1.4%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +5.7% from 2012-2022. By contrast, Ecuador (-3.3%) and the Dominican Republic (-3.3%) illustrated a downward trend over the same period. While the share of Peru (+30 p.p.), Uruguay (+10 p.p.), Ecuador (+4.3 p.p.) and the Dominican Republic (+2.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X), the Dominican Republic ($X) and Ecuador ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 77% share of total imports.

The Dominican Republic, with a CAGR of +6.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, growing by 17% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+10.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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