Northern America: Oat Market 2024

Oat Market Size in Northern America

The North American oat market surged to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2013; afterwards, it flattened through to 2022.

Oat Production in Northern America

In value terms, oat production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

The country with the largest volume of oat production was Canada (X tons), comprising approx. X% of total volume. Moreover, oat production in Canada exceeded the figures recorded by the second-largest producer, the United States (X tons), fivefold.

In Canada, oat production increased at an average annual rate of X% over the period from 2012-2022.

The average oat yield surged to X tons per ha in 2022, picking up by X% on the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. 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 Northern America rose markedly to X ha, increasing by X% against 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2015 when the harvested area increased by X%. 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 stood at a somewhat lower figure.

Oat Exports

Exports in Northern America

In 2022, overseas shipments of oats decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, oat exports stood at $X in 2022. In general, exports, however, recorded slight growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Canada dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. The United States (X tons) followed a long way behind the leaders.

Exports from Canada decreased at an average annual rate of X% from 2012 to 2022. At the same time, the United States (X%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest oat supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

In Canada, oat exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, jumping by X% against the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Oat Imports

Imports in Northern America

In 2022, approx. X tons of oats were imported in Northern America; reducing by X% compared with 2021. In general, imports saw a slight shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, oat imports soared to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2022. Canada (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 X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported oats in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled X%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oat import price increased by X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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