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World - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights
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Global sesame oil market is projected to see growth in both consumption and value over the next eight years. The market is forecast to increase slightly, with an anticipated CAGR of +2.1% for volume and +3.7% for value from 2022 to 2030. In 2022, global sesame oil consumption reached 1M tons, with China, Myanmar, and India being the top consuming countries. Production and exports of sesame oil also showed growth trends, with Japan and India being major exporters. The United States and the Netherlands were key importers of sesame oil. The average sesame oil export price increased in 2022, with South Korea having the highest price per ton. Overall, the global sesame oil market is expected to see steady growth in the coming years.
Market Forecast
Driven by rising demand for sesame oil worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.1% for the period from 2022 to 2030, which is projected to bring the market volume to 1.2M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market value to $5.6B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Sesame Oil
Global sesame oil consumption amounted to 1M tons in 2022, surging by 1.6% against 2021. Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 7.1%. As a result, consumption reached the peak volume of 1.1M tons. From 2017 to 2022, the growth of the global consumption remained at a lower figure.
The global sesame oil market value stood at $4.2B in 2022, growing by 4.3% 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, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $4.5B. From 2017 to 2022, the growth of the global market failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (271K tons), Myanmar (142K tons) and India (79K tons), with a combined 47% share of global consumption. Japan, Nigeria, Turkey, Uganda, Sudan, Saudi Arabia, Tanzania, the United States, Iran and Mexico lagged somewhat behind, together accounting for a further 30%.
From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +11.0%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($1.1B) led the market, alone. The second position in the ranking was taken by Myanmar ($453M). It was followed by Japan.
From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +2.1%. In the other countries, the average annual rates were as follows: Myanmar (-5.5% per year) and Japan (+1.7% per year).
In 2022, the highest levels of sesame oil per capita consumption was registered in Myanmar (2,573 kg per 1000 persons), followed by Uganda (667 kg per 1000 persons), Saudi Arabia (662 kg per 1000 persons) and Turkey (535 kg per 1000 persons), while the world average per capita consumption of sesame oil was estimated at 132 kg per 1000 persons.
From 2012 to 2022, the average annual rate of growth in terms of the sesame oil per capita consumption in Myanmar amounted to -4.5%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Uganda (-2.8% per year) and Saudi Arabia (-1.2% per year).
Production
World Production of Sesame Oil
Global sesame oil production reached 1M tons in 2022, remaining relatively unchanged against 2021 figures. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 6.6%. Over the period under review, global production attained the maximum volume at 1.1M tons in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.
In value terms, sesame oil production rose rapidly to $4.1B in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 15%. As a result, production reached the peak level of $4.8B. From 2017 to 2022, global production growth remained at a somewhat lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (277K tons), Myanmar (142K tons) and India (89K tons), together comprising 50% of global production. Japan, Nigeria, Turkey, Uganda, Mexico, Sudan, Saudi Arabia, Tanzania, Iran and South Sudan lagged somewhat behind, together accounting for a further 31%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Iran (with a CAGR of +9.6%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Sesame Oil
For the seventh year in a row, the global market recorded growth in overseas purchases of sesame oil, which increased by 2% to 80K tons in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +47.8% against 2015 indices. The pace of growth was the most pronounced in 2013 when imports increased by 18%. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, sesame oil imports stood at $392M in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +63.5% against 2014 indices. The most prominent rate of growth was recorded in 2013 with an increase of 16% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.
Imports By Country
The United States was the key importer of sesame oil in the world, with the volume of imports resulting at 25K tons, which was approx. 32% of total imports in 2022. The Netherlands (4.3K tons) took the second position in the ranking, followed by Taiwan (Chinese) (4K tons) and the UK (3.6K tons). All these countries together held approx. 15% share of total imports. Canada (3.5K tons), Singapore (3.4K tons), Germany (3.2K tons), France (3K tons), Hong Kong SAR (2.5K tons), Australia (2.4K tons), Japan (2.1K tons), the Philippines (2K tons) and Peru (1.7K tons) held a relatively small share of total imports.
Imports into the United States increased at an average annual rate of +7.1% from 2012 to 2022. At the same time, Peru (+33.8%), Taiwan (Chinese) (+13.6%), the Netherlands (+12.6%), the Philippines (+11.1%), Canada (+8.1%), Singapore (+7.2%), Germany (+6.0%), France (+5.9%), the UK (+3.0%) and Australia (+1.2%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in the world, with a CAGR of +33.8% from 2012-2022. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Japan (-1.5%) illustrated a downward trend over the same period. The United States (+4.6 p.p.), Taiwan (Chinese) (+2.6 p.p.), the Netherlands (+2.6 p.p.) and Peru (+1.9 p.p.) significantly strengthened its position in terms of the global imports, while Australia, Hong Kong SAR and Japan saw its share reduced by -1.5%, -2.3% and -2.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($136M) constitutes the largest market for imported sesame oil worldwide, comprising 35% of global imports. The second position in the ranking was taken by the Netherlands ($23M), with a 5.9% share of global imports. It was followed by the UK, with a 5.2% share.
In the United States, sesame oil imports expanded at an average annual rate of +7.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+17.4% per year) and the UK (+7.4% per year).
Import Prices By Country
In 2022, the average sesame oil import price amounted to $4,887 per ton, growing by 7.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($6,075 per ton), while Peru ($2,322 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+10.3%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Sesame Oil
In 2022, overseas shipments of sesame oil decreased by -8.7% to 64K tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2018 with an increase of 16%. Over the period under review, the global exports reached the peak figure at 70K tons in 2021, and then reduced in the following year.
In value terms, sesame oil exports amounted to $322M in 2022. In general, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.4% against 2015 indices. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in the near future.
Exports By Country
In 2022, Japan (11K tons) and India (10K tons) represented the major exporters of sesame oilin the world, together committing 33% of total exports. China (6.6K tons) held the next position in the ranking, followed by Taiwan (Chinese) (6.2K tons), Mexico (5.3K tons), Singapore (3.4K tons), the Netherlands (3.3K tons) and the United States (2.9K tons). All these countries together took approx. 43% share of total exports. The following exporters - Germany (2.3K tons), Bangladesh (2.3K tons), Malaysia (2.1K tons) and South Korea (1.2K tons) - together made up 13% of total exports.
From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +13.2%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, Japan ($74M) remains the largest sesame oil supplier worldwide, comprising 23% of global exports. The second position in the ranking was held by Taiwan (Chinese) ($34M), with an 11% share of global exports. It was followed by India, with a 9.9% share.
From 2012 to 2022, the average annual growth rate of value in Japan amounted to +6.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+1.6% per year) and India (+13.9% per year).
Export Prices By Country
In 2022, the average sesame oil export price amounted to $5,044 per ton, with an increase of 9.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. As a result, the export price reached the peak level and is likely to continue 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 ($9,308 per ton), while Bangladesh ($2,092 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.6%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global sesame oil market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 290 - Oil of Sesame Seed
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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Discover the latest market trends in the global sesame oil industry with a projected increase in consumption over the next seven years. By 2030, market volume is expected to reach 1.2M tons and market value to rise to $6B.
The global sesame oil market revenue amounted to $X in 2017 (IndexBox estimate), flattening at the previous year. This ...
In 2016, global sesame oil market reached X tons, expanding robustly over the last four years. In wholesale prices, the market totaled $X, also undergoing a prominent expansion. This figure reflects the total revenue of producers and importer
Global sesame oil consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
Global sesame oil imports amounted to X thousand tons in 2015, approximately equating the previous year level.
In 2015, the country with the largest volume of the sesame oil output was Tanzania (X thousand tons), accounting for X% of global production.
Japan dominates in the global sesame oil trade. In 2014, Japan exported X thousand tons of sesame oil totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total sesame oil exports
Global linseed oil consumption amounted to X thousand tons in 2015, shrinking by -X% against the previous year level.
In 2015, the countries with the highest levels of linseed oil production were China (X thousand tons), Belgium (X thousand tons), the United States (X thousand tons), together accounting for X% of total output.
Belgium continued its dominance in the global linseed oil trade. In 2014, Belgium exported X thousand tons of linseed oil totaling X million USD, X% under the previous year. Its primary trading partner was Germany, where it supplied X% of its to