Sweden: Oat Market 2024

Oat Market Size in Sweden

The Swedish oat market soared to $X in 2022, rising by 23% against the previous year. Overall, consumption, however, continues to indicate a pronounced curtailment. Oat consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Oat Production in Sweden

In value terms, oat production expanded markedly to $X in 2022 estimated in export price. Overall, production, however, recorded a mild slump. The growth pace was the most rapid in 2020 when the production volume increased by 31% against the previous year. Oat production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

In 2022, the average yield of oats in Sweden soared to X tons per ha, with an increase of 19% against the previous year's figure. Overall, the yield showed a relatively flat trend pattern. The oat yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield stood at a somewhat 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 oat harvested area in Sweden rose modestly to X ha, with an increase of 3.4% compared with the previous year's figure. In general, the harvested area, however, showed a slight slump. The pace of growth was the most pronounced in 2020 with an increase of 26%. The oat harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Oat Exports

Exports from Sweden

In 2022, shipments abroad of oats increased by 5.8% to X tons, rising for the third year in a row after two years of decline. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 51% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, oat exports surged to $X in 2022. Over the period under review, exports recorded a modest increase. The pace of growth was the most pronounced in 2020 with an increase of 51%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), the United States (X tons) and Spain (X tons) were the main destinations of oat exports from Sweden, with a combined 71% share of total exports. Belgium, Denmark, Norway and the Netherlands lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +27.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oat exported from Sweden were Germany ($X), the United States ($X) and Spain ($X), with a combined 74% share of total exports. Belgium, Denmark, Norway and the Netherlands lagged somewhat behind, together comprising a further 24%.

Among the main countries of destination, Belgium, with a CAGR of +22.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average oat export price amounted to $X per ton, surging by 28% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oat export price increased by +62.6% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Spain ($X per ton) and the United States ($X per ton), while the average price for exports to Denmark ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Oat Imports

Imports into Sweden

In 2022, overseas purchases of oats increased by 42% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, faced a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 1,135% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, oat imports soared to $X in 2022. Overall, imports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 1,456% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Latvia (X tons), Finland (X tons) and Denmark (X tons) were the main suppliers of oat imports to Sweden, together accounting for 75% of total imports. Estonia, the Netherlands and Spain lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of +36.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Latvia ($X), Denmark ($X) and Finland ($X) were the largest oat suppliers to Sweden, with a combined 59% share of total imports. The Netherlands, Estonia and Spain lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, Estonia, with a CAGR of +31.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average oat import price amounted to $X per ton, rising by 31% against the previous year. Over the period under review, the import price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 66% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+33.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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