World - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Tanzania Dominates Global Sesame Oil Output
IndexBox has just published a new report "World: Sesame Oil - Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.
The Global Sesame Oil Market Continues to Grow Robustly
In 2016, global sesame oil market reached X tonnes, expanding robustly over the last four years. In wholesale prices, the market totaled $X, also undergoing a prominent expansion (IndexBox estimates). This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).
Tanzania (X% of total consumption) remains the largest sesame oil consumer worldwide. It was followed by Myanmar (X%), China (X%), Mozambique (X%), India (X%), Japan (X%), Sudan (X%) and Turkey (X%). The other countries together accounted for approx. X% of global consumption.
In Tanzania, sesame oil consumption expanded at an average annual rate of +X% over the period from 2007-2016. In the other countries, the average annual rates were as follows: Myanmar (+X% per year) and China (+X% per year).
Amongst the leading consuming countries, high levels of per capita consumption were recorded in Tanzania (X kg per person), Myanmar (X kg per person), Mozambique (X kg per person), which were significantly higher than the world average of X kg per person. China (X kg per person) and India (X kg per person) had the lowest volumes of sesame oil consumption.
The Global Consumption of Sesame Oil is Expected to Reach X Tonnes by 2025
Sesame oil is primarily used for food purposes, such as cooking oil for frying and baking. Also, sesame oil serves as the base for salad dressings, and as an ingredient in confections, baked goods, and processed foods. Sesame oil are now used for a variety of commercial and industrial purposes besides food: as the base for common household goods such as soaps, cosmetics, toiletries, candles, paints, and even biodiesel fuels.
Sesame is popular among African farmers, due to the fact that, unlike other crops, it is well adapted to the arid climate. Tanzania remains the largest producer of sesame oil and also dominates the global consumption of this product. High consumption was noted among other major producers of sesame oil from the countries of Africa and Asia. The African and Asian regions constitute the fastest developing sesame oil markets. The steady growth in demand being observed here is in line with rising household income figures and urbanization, as well as an increase in the use of sesame oil for food products and Asian dishes.
Driven by the anticipated growth of population and income level, the demand for high-quality oil will continue to grow. On the other hand, the growing popularity of healthy eating, as well as oil use for cooking worldwide should also support sesame oil consumption over the next nine years. Therefore, market performance is predicted to grow with an anticipated CAGR of +X% for the next nine year period, which is forecasted to bring the market volume to X tonnes by 2025.
Sesame Oil Production Experienced a Robust Expansion
Global production of sesame oil reached almost X tonnes in 2016, increasing tangibly over the last four years. Prior to that, it remained relatively stable from 2007 to 2012, and then the robust growth was recorded due to sesame industry expansion in Tanzania. Over the period under review, global sesame oil production attained its maximum volume in 2016, and is likely to continue its growth in the immediate term.
Tanzania Dominates Global Sesame Oil Output
Tanzania remains the key world sesame oil producing country, with an output of about X tonnes in 2016, which accounted for X% of total global output. The other major producers were Myanmar (X%), China (X%), India (X%) and Mozambique (X%). Sesame oil output in Tanzania skyrocketed from 2013-2016, boosted by rapid expansion of sesame industry in the country. Most of the major producing countries experienced a flat trend pattern with regard to sesame oil output.
Tanzania Emerged as the Fastest Growing Sesame Oil Exporter
In 2016, the volume of global exports totaled X tonnes, retaining the level of the previous year. This level was also X tonnes (or X%) less than the highest level of 2014. The volume of exports has increased significantly over the period from 2013-2014, slipping in 2015 by X%, and retaining this level in the following year.
Mexico (X% of total exports), India (X%), Japan (X%), Taiwan, Chinese (X%), Tanzania (X%), China (X%), Singapore (X%) constituted the main global suppliers of sesame oils. From 2007 to 2016, exports from Tanzania (+X%) increased robustly. The other countries with high paces of growth with regard to exports were India (+X% per year) and Singapore (+X% per year).
The U.S. Remains the Leading Importer of Sesame Oil
The volume of global imports totaled X tonnes in 2016, surging by X% after a pronounced decline over the year before. From 2009, imports grew gradually until peaking in 2013; then it seesawed through 2016.
In 2016, the U.S. (X tonnes) was the major exporter of sesame oil, with a share of X% of total imports. It was followed by China (X%), the UK (X%), Australia (X%), Taiwan, Chinese (X%), Japan (X%), Hong Kong, Chinese (X%), and Singapore (X%).
Amongst the major importing countries, China (+X% per year), Taiwan, Chinese (+X%), Singapore (+X%) and Australia (+X%) were the fastest growing over the last nine years. The U.S. (+X%) and the UK (+X%) experienced more modest paces o growth; the other main importers had negative dynamics.
From 2007 to 2016, China (+X percentage points), and Taiwan, Chinese (+X percentage points) saw their shares increased in the import structure, the shares of the other countries remained relatively stable throughout the analyzed period.
Do you want to know more about the global sesame oil market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- sesame oil market share
- sesame oil pricessesame oil
- sesame oil industry
- sesame oil sales
- sesame oil import
- sesame oil export
- sesame oil market forecast
- sesame oil price forecast
- key sesame oil producers
Source: IndexBox AI Platform
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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
Webinar: Global Chicken Meat Market - Statistics, Trends, and Outlook
Join our live webinar to get insights into the global chicken meat market.
Thursday, September 24th, 2020 @ 10:00 am ET