Global oats production has remained relatively static from 2011/17, reaching 23 million tonnes (Mt) in 2017 after fluctuating mildly.
This fact was made known in the “World Oats Market Report: Analysis and Forecast to 2025” published by IndexBox.
“Production fell abruptly over 2009/10 due to a slump in demand during the global financial crisis,” the report said.
“Afterwards, the global output recovered and then flattened through to 2017, but yet failed to regain its pre-crisis peak levels.”
Global harvested area of oats also kept a relatively flat trend pattern from 2011-2017, declining slightly over the last two years to 9.260 million hectares.
IndexBox states that Russia (4.7Mt), Canada (2.9Mt), Australia (1.4Mt) remained key oat producing countries in 2017, with a combined 39 per cent share of the total output.
The other major producers, namely Poland, Finland, Brazil, the United States, Spain, Argentina, the United Kingdom, Sweden and Chile, lagged far behind in terms of oats output.
As of 2017, Canada had the largest export volume of 1.5Mts, comprising 48pc of total global import.
It was followed by, all lagging far behind, Australia (13pc), Finland (10pc) and Sweden (8pc).
The US had the largest import volume of 1.5Mt which accounted for 43pc of total global imports.
It was followed by China, which occupied another 25pc share, and Mexico, Belgium, the Netherlands, Spain and Japan.
Oat imports into the US decreased at an average annual rate of -1.9pc from 2007 to 2017.
At the same time, China emerged as the fastest growing importer in the world, with a CAGR (compound annual growth rate) of +32.3pc from 2007-2017, boosted by rising demand for cereal foods and breakfasts amid rapid urbanization and popularity of healthy diets.