Oat Market - Canada’s Oat Exports Surged by 25% in 2014

Cereals August 27, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

oat market

Canada seized control of the global oat market. In 2014, Canada exported 1,714 thousand tonnes of oats totaling 501 million USD, a robust 25% over the previous year. Its primary trading partner was the U.S., where it supplied 97% of its total oat exports in value terms, accounting for 93% of the U.S.'s total imports.

From 2007 to 2014, Canada was a net exporter of oats. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was less pronounced.

Finland and Sweden were among the other main global suppliers of oats in 2014. The fastest growing exporters from 2007 to 2014 were Sweden (+13% per year) and the United Kingdom (+14% per year). Sweden, by virtue of this sustained growth, was able to strengthen its position in the global export structure.

Canada's top 5 trading partners in 2014 were the U.S., Japan, Republic of Korea, Mexico and the United Arab Emirates, with a combined 99.9% share of Canada's oat exports. The share of the U.S. increased (+7 percentage points), while the share of Mexico illustrated negative dynamics (-3 percentage points).

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Source: World: Oats - Market Report. Analysis And Forecast To 2020