SADC: Sesame Oil Market 2024

Sesame Oil Market Size in SADC

The SADC sesame oil market fell to $X in 2023, reducing by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Sesame Oil Production in SADC

In value terms, sesame oil production declined to $X in 2023 estimated in export price. In general, production recorded a slight downturn. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2023, production growth remained at a lower figure.

Sesame Oil Exports

Exports in SADC

In 2023, after two years of decline, there was significant growth in shipments abroad of sesame oil, when their volume increased by X% to X tons. In general, exports, however, faced a precipitous decline. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2023, the growth of the exports failed to regain momentum.

In value terms, sesame oil exports skyrocketed to $X in 2023. Overall, exports, however, recorded a sharp slump. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Tanzania prevails in exports structure, recording X tons, which was near X% of total exports in 2023. South Africa (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to sesame oil exports from Tanzania stood at X%. South Africa (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Tanzania (X p.p.) displayed negative dynamics.

In value terms, Tanzania ($X) remains the largest sesame oil supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports.

In Tanzania, sesame oil exports plunged by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, falling by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then dropped remarkably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tanzania stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Sesame Oil Imports

Imports in SADC

In 2023, approx. X tons of sesame oil were imported in SADC; picking up by X% against the year before. Overall, imports continue to indicate a modest increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sesame oil imports soared to $X in 2023. Over the period under review, imports showed a notable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mozambique represented the largest importer of sesame oil in SADC, with the volume of imports reaching X tons, which was approx. X% of total imports in 2023. South Africa (X tons) took the second position in the ranking, distantly followed by Botswana (X tons). All these countries together held approx. X% share of total imports. Seychelles (X tons), Mauritius (X tons) and Tanzania (X tons) held a minor share of total imports.

Imports into Mozambique increased at an average annual rate of X% from 2012 to 2023. At the same time, Botswana (X%), Seychelles (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. By contrast, Tanzania (X%) and Mauritius (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Mozambique, South Africa, Botswana and Seychelles increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mozambique ($X) constitutes the largest market for imported sesame oil in SADC, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Mauritius, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Mozambique stood at X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Mauritius (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, with a decrease of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mauritius ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform