Latvia - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSesame Oil Price in Latvia - 2023
Contents:
- Sesame Oil Price in Latvia (CIF) - 2022
- Sesame Oil Price in Latvia (FOB) - 2022
- Sesame Oil Imports in Latvia
- Sesame Oil Exports in Latvia
Sesame Oil Price in Latvia (CIF) - 2022
The average sesame oil import price stood at $8,224 per ton in 2022, growing by 11% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sesame oil import price increased by +114.4% against 2015 indices. The growth pace was the most rapid in 2016 when the average import price increased by 33%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($11,094 per ton), while the price for China ($6,085 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Sesame Oil Price in Latvia (FOB) - 2022
In 2022, the average sesame oil export price amounted to $9,484 per ton, growing by 4.5% against the previous year. Over the period under review, the export price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices hit record highs at $13,972 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($10,153 per ton) and the Czech Republic ($10,061 per ton), while the average price for exports to Estonia ($8,991 per ton) and Lithuania ($9,291 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+7.5%), while the prices for the other major destinations experienced a decline.
Sesame Oil Imports in Latvia
For the fourth consecutive year, Latvia recorded growth in purchases abroad of sesame oil, which increased by 15% to 21 tons in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 29% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, sesame oil imports soared to $170K in 2022. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 32%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
Import of Sesame Oil in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 44.1 | 28.3 | 60.0 | 68.1 | 15.6% |
Sweden | 10.4 | 21.2 | 26.8 | 27.6 | 38.4% |
China | N/A | 13.3 | 23.0 | 18.2 | 17.0% |
Italy | N/A | N/A | N/A | 16.0 | 0% |
Estonia | 1.0 | 2.3 | 8.5 | 14.8 | 145.5% |
Lithuania | 1.3 | 1.1 | 3.1 | 9.5 | 94.1% |
Netherlands | 0.1 | 0.1 | 0.7 | 8.6 | 341.4% |
Ukraine | 1.3 | 7.5 | 4.3 | 3.5 | 39.1% |
France | 2.6 | 3.3 | 1.4 | 1.8 | -11.5% |
United Kingdom | 22.1 | 19.5 | 0.2 | 0.2 | -79.2% |
Others | 2.4 | 4.8 | 5.5 | 2.0 | -5.9% |
Total | 85.3 | 101 | 133 | 170 | 25.8% |
Top Suppliers of Sesame Oil to Latvia in 2022:
- United Kingdom (undefined tons)
- Germany (7.9 tons)
- Sweden (3.5 tons)
- China (3.0 tons)
- Italy (2.0 tons)
- Estonia (1.4 tons)
- Lithuania (1.0 tons)
- Netherlands (0.8 tons)
- Ukraine (0.5 tons)
- France (0.2 tons)
Sesame Oil Exports in Latvia
Sesame oil exports from Latvia surged to 11 tons in 2022, growing by 24% compared with 2021. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 103%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, sesame oil exports skyrocketed to $103K in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 126%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
Export of Sesame Oil in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 22.4 | 28.3 | 35.5 | 38.8 | 20.1% |
Estonia | 9.1 | 10.4 | 18.4 | 27.5 | 44.6% |
Russia | N/A | 28.4 | 25.6 | 26.4 | -3.6% |
Czech Republic | N/A | N/A | N/A | 10.1 | 0% |
Others | N/A | 4.3 | N/A | N/A | 0% |
Total | 31.5 | 71.4 | 79.5 | 103 | 48.4% |
Top Export Markets for Sesame Oil from Latvia in 2022:
- Lithuania (4.2 tons)
- Estonia (3.1 tons)
- Russia (2.6 tons)
- Czech Republic (1.0 tons)
This report provides an in-depth analysis of the sesame oil market in Latvia. 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:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- 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
-
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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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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
Global maize oil consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.