Global Oat Market Overview
In value terms, oat production stood at $••• in 2017 estimated in export prices. The total output value increased at an average annual rate of +•••% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2011 with an increase of •••% y-o-y. Over the period under review, global oat production reached its peak figure level at $••• in 2008; however, from 2009 to 2017, production remained at a lower figure.
The countries with the highest volumes of oat production in 2017 were Russia (••• tonnes), Canada (••• tonnes) and Poland (••• tonnes), with a combined •••% share of global production. These countries were followed by Australia, China, Finland, the UK, Spain, Argentina, the U.S., Chile and Germany, which together accounted for a further •••%.
From 2007 to 2017, the most notable rate of growth in terms of oat production, amongst the main producing countries, was attained by Chile, while the other global leaders experienced more modest paces of growth.
In 2017, the global average oat yield totaled ••• tonne per ha, flattening at the previous year. Overall, the oat yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when yield increased by •••% against the previous year. The global oat yield peaked at ••• tonne per ha in 2016, leveling off in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
Global oat harvested area stood at ••• ha in 2017, going up by •••% against the previous year. In general, the oat harvested area, however, continues to indicate a slight drop. The growth pace was the most rapid in 2017 when harvested area increased by •••% against the previous year. Over the period under review, the harvested area dedicated to oat production attained its maximum at ••• ha in 2008; however, from 2009 to 2017, harvested area failed to regain its momentum.
The global oat market revenue amounted to $••• in 2017, jumping by •••% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, oat consumption, however, continues to indicate a slight curtailment. The growth pace was the most rapid in 2011 when the market value increased by •••% against the previous year. The global oat consumption peaked at $••• in 2008; however, from 2009 to 2017, consumption stood at a somewhat lower figure.
In Russia, oat consumption remained relatively stable over the period from 2007-2017. The remaining consuming countries recorded the following average annual rates of consumption growth: Canada (-•••% per year) and the U.S. (-•••% per year).
In value terms, Russia ($•••), Australia ($•••) and the U.S. ($•••) constituted the countries with the highest levels of market value in 2017, together comprising •••% of the global market. Canada, China, Poland, Germany, Argentina, the UK, Spain, Chile and Finland lagged somewhat behind, together comprising a further •••%.
Among the main consuming countries, Chile experienced the highest rates of growth with regard to oat market, over the last decade, while the other global leaders experienced more modest paces of growth.
In 2017, the highest levels of oat per capita consumption was registered in Finland (••• kg per person), followed by Canada (••• kg per person), Australia (••• kg per person) and Russia (••• kg per person), while the world average per capita consumption of oat was estimated at ••• kg per person.
In Finland, oat per capita consumption shrank by an average annual rate of -•••% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Canada (-•••% per year) and Australia (-•••% per year).