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Vietnam - Sesame Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSesame Seed Price in Vietnam - 2022
Contents:
- Sesame Seed Price in Vietnam (CIF) - 2022
- Sesame Seed Price in Vietnam (FOB) - 2022
- Sesame Seed Imports in Vietnam
- Sesame Seed Exports in Vietnam
Sesame Seed Price in Vietnam (CIF) - 2022
In 2022, the average sesame seed import price amounted to $2,236 per ton, surging by 20% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average import price increased by 26%. Over the period under review, average import prices reached the peak figure at $2,645 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($2,236 per ton) and Pakistan ($2,236 per ton), while the price for Cameroon ($2,236 per ton) and Nigeria ($2,236 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Sesame Seed Price in Vietnam (FOB) - 2022
In 2022, the average sesame seed export price amounted to $1,861 per ton, growing by 13% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sesame seed export price decreased by -19.4% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 71%. The export price peaked at $2,487 per ton in 2015; however, from 2016 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 highest price was recorded for prices to Japan ($1,861 per ton) and Cambodia ($1,861 per ton), while the average price for exports to China ($1,861 per ton) and South Korea ($1,861 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 Cambodia (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Sesame Seed Imports in Vietnam
Sesame seed imports into Vietnam rose sharply to 35K tons in 2022, increasing by 8.9% against 2021. The total import volume increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 17%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, sesame seed imports skyrocketed to $78M in 2022. The total import value increased at an average annual rate of +9.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Sesame Seed in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nigeria | 29.1 | 40.8 | 21.3 | 45.1 | 15.7% |
India | 16.6 | 13.0 | 18.0 | 17.0 | 0.8% |
Cambodia | 0.4 | 3.2 | 5.6 | 6.3 | 150.7% |
Brazil | 0.5 | 1.5 | 3.2 | 3.6 | 93.1% |
Pakistan | 3.9 | 1.2 | 5.6 | 2.5 | -13.8% |
Cameroon | N/A | N/A | N/A | 1.2 | 0% |
Bangladesh | 2.8 | 1.1 | 0.3 | 0.6 | -40.2% |
Others | 5.5 | 4.2 | 5.5 | 1.2 | -39.8% |
Total | 58.8 | 65.0 | 59.5 | 77.5 | 9.6% |
Top Suppliers of Sesame Seed to Vietnam in 2022:
- Nigeria (20.2K tons)
- India (7.6K tons)
- Cambodia (2.8K tons)
- Brazil (1.6K tons)
- Pakistan (1.1K tons)
- Cameroon (0.6K tons)
- Bangladesh (0.3K tons)
Sesame Seed Exports in Vietnam
In 2022, shipments abroad of sesame seed decreased by -57.2% to 3.8K tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 92% against the previous year. As a result, the exports reached the peak of 11K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, sesame seed exports shrank notably to $7.1M in 2022. Overall, exports faced a deep reduction. The growth pace was the most rapid in 2020 with an increase of 60% against the previous year. As a result, the exports attained the peak of $21M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Sesame Seed in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 10.6 | 15.4 | 13.1 | 3.4 | -31.5% |
South Korea | 1.7 | 4.6 | 0.9 | 3.1 | 22.2% |
Japan | 0.3 | 0.1 | 0.4 | 0.4 | 10.1% |
Cambodia | N/A | N/A | N/A | 0.2 | 0% |
Taiwan (Chinese) | 0.3 | 0.4 | 0.3 | N/A | 0.0% |
Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Total | 12.9 | 20.6 | 14.8 | 7.1 | -18.0% |
Top Export Markets for Sesame Seed from Vietnam in 2022:
- China (1806.1 tons)
- South Korea (1643.3 tons)
- Japan (225.1 tons)
- Cambodia (93.7 tons)
This report provides an in-depth analysis of the sesame seed market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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>
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