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Nigeria - Sesame Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSesame Seed Price in Nigeria - 2022
Contents:
- Sesame Seed Price in Nigeria (FOB) - 2022
- Sesame Seed Price in Nigeria (CIF) - 2022
- Sesame Seed Exports in Nigeria
- Sesame Seed Imports in Nigeria
Sesame Seed Price in Nigeria (FOB) - 2022
In 2022, the average sesame seed export price amounted to $1,416 per ton, picking up by 9.4% against the previous year. Overall, the export price, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices attained the maximum at $2,520 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($1,604 per ton), while the average price for exports to Germany ($933 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-0.6%), while the prices for the other major destinations experienced a decline.
Sesame Seed Price in Nigeria (CIF) - 2022
In 2022, the average sesame seed import price amounted to $117 per ton, shrinking by -93.5% against the previous year. Over the period under review, the import price faced a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when the average import price increased by 49%. Over the period under review, average import prices hit record highs at $1,860 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chad ($1,939 per ton), while the price for Niger totaled $42 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+32.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Sesame Seed Exports in Nigeria
Sesame seed exports from Nigeria rose significantly to 234K tons in 2022, with an increase of 7% on 2021. The total export volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 9.3%. As a result, the exports attained the peak of 248K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, sesame seed exports skyrocketed to $331M in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Sesame Seed in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 46.1 | 93.6 | 127 | 133 | 42.4% |
Japan | 67.0 | 67.8 | 64.8 | 73.8 | 3.3% |
Vietnam | 22.7 | 24.8 | 21.5 | 31.2 | 11.2% |
Turkey | 55.3 | 40.0 | 27.6 | 20.8 | -27.8% |
Greece | 5.3 | 4.3 | 9.4 | 15.7 | 43.6% |
Germany | 10.5 | 4.2 | 8.6 | 10.6 | 0.3% |
South Korea | 11.4 | 2.3 | 4.5 | 7.7 | -12.3% |
India | 39.1 | 27.8 | 0.9 | 4.7 | -50.6% |
Others | 31.3 | 35.6 | 18.7 | 32.9 | 1.7% |
Total | 289 | 300 | 283 | 331 | 4.6% |
Top Export Markets for Sesame Seed from Nigeria in 2022:
- China (95.6K tons)
- Japan (49.0K tons)
- Vietnam (21.6K tons)
- Greece (14.6K tons)
- Turkey (14.0K tons)
- Germany (11.4K tons)
- South Korea (4.8K tons)
- India (3.1K tons)
Sesame Seed Imports in Nigeria
After two years of decline, purchases abroad of sesame seed increased by 13,147% to 2.4K tons in 2022. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sesame seed imports skyrocketed to $284K in 2022. Over the period under review, imports, however, saw a dramatic downturn.
Import of Sesame Seed in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Chad | 414 | N/A | 25.5 | 186 | -23.4% |
Niger | N/A | N/A | N/A | 98.5 | 0% |
Cameroon | 784 | N/A | N/A | N/A | 0% |
Poland | 144 | 97.2 | N/A | N/A | -32.5% |
Others | 3.6 | 5.8 | 7.7 | N/A | 46.2% |
Total | 1,346 | 103 | 33.2 | 284 | -40.5% |
Top Suppliers of Sesame Seed to Nigeria in 2022:
- Niger (2.3K tons)
- Chad (0.1K tons)
This report provides an in-depth analysis of the sesame seed market in Nigeria. 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 289 - Sesame seed
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- 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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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Explore the top import markets for sesame seeds including China, Turkey, Japan, South Korea, and Israel. Discover key statistics and market insights.
Ethiopia and India remain key exporters of sesame seed with a share of X% in the global exports in 2016. In that year, Ethiopia’s sesame seed exports increased significantly +X% y-o-y, amounting to $X>
From 2007 to 2016, the global sesame seed market showed an upward trend, reaching X tons in 2016. Over the last nine years, the sesame seed market expanded with a CAGR of +X%. The increased global consumption of sesame seeds is mainly due to the
Indonesia dominates in the global oil crop trade. In 2014, Indonesia exported X million tons of oil crops totaling X billion USD, X% over the previous year. Its primary trading partner was India, where it supplied X% of its total oil crop exports
Global karite nut consumption amounted to X thousand tons in 2015, growing by +X% against the previous year level.
In 2015, the country with the largest volume of the karite nut output was Nigeria (X thousand tons), accounting for X% of global production. Moreover, karite nut output in Nigeria exceeded the figures recorded by the world's second largest produce
Global cottonseed consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
Global cottonseed exports amounted to X thousand tons in 2015, dropping by -X% against the previous year level.
In 2015, the countries with the highest levels of cottonseed production in 2015 were India (X thousand tons), China (X thousand tons), the United States (X thousand tons), together accounting for X% of total output.
Australia dominates in the global сottonseed trade. In 2014, Australia exported X thousand tons of сottonseed totaling X million USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X% of its total cotton