Eastern Asia: Oat Market 2024

Oat Market Size in Eastern Asia

In 2022, the East Asian oat market increased by X% to $X, rising for the third year in a row after two years of decline. The total consumption indicated a pronounced expansion 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, consumption increased by X% against 2019 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Oat Production in Eastern Asia

In value terms, oat production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a prominent increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

China (X tons) constituted the country with the largest volume of oat production, comprising approx. X% of total volume. It was followed by Democratic People's Republic of Korea (X tons), with a X% share of total production.

In China, oat production remained relatively stable over the period from 2012-2022.

In 2022, the average oat yield in Eastern Asia declined slightly to X tons per ha, stabilizing at 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the oat yield attained the maximum level at X tons per ha in 2021, and then reduced modestly 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.

The oat harvested area stood at X ha in 2022, stabilizing at 2021. Over the period under review, the harvested area, however, showed a mild decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Oat Exports

Exports in Eastern Asia

In 2022, after three years of growth, there was significant decline in shipments abroad of oats, when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a noticeable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted significantly in the following year.

In value terms, oat exports contracted sharply to $X in 2022. In general, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2021, and then reduced markedly in the following year.

Exports by Country

The biggest shipments were from South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons), together recording X% of total export. It was distantly followed by Japan (X tons), comprising a X% share of total exports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by South Korea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) emerged as the largest oat supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Korea amounted to X%. In the other countries, the average annual rates were as follows: China (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Export price indicated prominent growth 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. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the export 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 suppliers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Oat Imports

Imports in Eastern Asia

In 2022, overseas purchases of oats increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports recorded a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, oat imports soared to $X in 2022. Over the period under review, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

China represented the largest importer of oats in Eastern Asia, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Japan (X tons) ranks second in terms of the total imports with a X% share, followed by South Korea (X%).

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and South Korea increased by X and X percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported oats in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports.

In China, oat imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, recorded a slight setback. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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