Australia - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSesame Oil Price in Australia - 2023
Contents:
- Sesame Oil Price in Australia (CIF) - 2023
- Sesame Oil Price in Australia (FOB) - 2022
- Sesame Oil Imports in Australia
- Sesame Oil Exports in Australia
Sesame Oil Price in Australia (CIF) - 2023
In September 2023, the average sesame oil import price amounted to $5,847 per ton, with an increase of 3.1% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 20% m-o-m. The import price peaked at $6,446 per ton in November 2022; however, from December 2022 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the countries with the highest prices were Singapore ($6,721 per ton) and Taiwan (Chinese) ($6,253 per ton), while the price for Malaysia ($4,717 per ton) and China ($4,762 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Mexico (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Sesame Oil Price in Australia (FOB) - 2022
The average sesame oil export price stood at $5,617 per ton in 2022, rising by 14% against the previous year. In general, the export price continues to indicate noticeable growth. The growth pace was the most rapid in 2019 when the average export price increased by 79% against the previous year. Over the period under review, the average export prices reached the peak figure at $9,852 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($21,946 per ton), while the average price for exports to Nauru ($2,320 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 Japan (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.
Sesame Oil Imports in Australia
In 2022, supplies from abroad of sesame oil decreased by -5.9% to 2.4K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 12%. As a result, imports reached the peak of 2.6K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sesame oil imports reached $15M in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Sesame Oil in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 4.0 | 4.4 | 4.5 | 3.8 | -1.7% |
| China | 2.2 | 2.7 | 2.8 | 2.6 | 5.7% |
| Taiwan (Chinese) | 1.6 | 1.5 | 1.9 | 1.8 | 4.0% |
| Japan | 0.8 | 0.8 | 0.9 | 1.8 | 31.0% |
| Malaysia | 1.3 | 1.5 | 1.3 | 1.3 | 0.0% |
| South Korea | 0.7 | 0.8 | 0.8 | 1.3 | 22.9% |
| India | 1.0 | 1.1 | 1.2 | 1.1 | 3.2% |
| Others | 0.9 | 0.9 | 0.7 | 0.9 | 0.0% |
| Total | 12.4 | 13.8 | 14.1 | 14.6 | 5.6% |
Top Suppliers of Sesame Oil to Australia in 2022:
- Singapore (541.7 tons)
- China (509.1 tons)
- India (299.3 tons)
- Taiwan (Chinese) (286.4 tons)
- Malaysia (273.0 tons)
- Japan (237.6 tons)
- South Korea (117.0 tons)
Sesame Oil Exports in Australia
In 2022, the amount of sesame oil exported from Australia surged to 24 tons, growing by 54% compared with the previous year. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 710% against the previous year. As a result, the exports attained the peak of 111 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, sesame oil exports skyrocketed to $136K in 2022. Over the period under review, exports recorded a prominent increase. The growth pace was the most rapid in 2020 with an increase of 1,091%. As a result, the exports reached the peak of $1.1M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Sesame Oil in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 21.8 | 24.9 | 44.6 | 58.6 | 39.0% |
| Vanuatu | N/A | N/A | 6.7 | 18.0 | 168.7% |
| Papua New Guinea | 0.8 | N/A | 0.2 | 13.9 | 159.0% |
| China | 34.3 | 1,059 | 2.4 | 8.8 | -36.5% |
| Fiji | 5.8 | N/A | N/A | 6.6 | 4.4% |
| Hong Kong SAR | 2.8 | 2.3 | N/A | 6.3 | 31.0% |
| Nauru | N/A | N/A | 8.9 | 5.9 | -33.7% |
| Indonesia | 23.6 | N/A | N/A | N/A | 0% |
| Others | 2.2 | 2.8 | 15.2 | 18.4 | 103.0% |
| Total | 91.4 | 1,089 | 78.1 | 136 | 14.2% |
Top Export Markets for Sesame Oil from Australia in 2022:
- Vanuatu (7.2 tons)
- New Zealand (5.5 tons)
- Papua New Guinea (4.2 tons)
- Nauru (2.5 tons)
- China (1.1 tons)
- Hong Kong SAR (1.1 tons)
- Fiji (0.8 tons)
This report provides an in-depth analysis of the sesame oil market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
583
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The rate of growth for Sesame Oil reached its highest point in January 2023, with an impressive increase of 54% compared to the previous month. In terms of value, imports of Sesame Oil soared to $1.3M in November 2023.
357
In August 2022, the sesame oil price stood at $6,232 per ton (CIF, Australia), growing by 4.5% against the previous month.
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In June 2023, the price of Refined Maize Oil was $2,282 per ton (CIF, Australia), showing a decrease of 9.5% compared to the previous month.
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The global sesame oil market revenue amounted to $X in 2017 (IndexBox estimate), flattening at the previous year. This ...
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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
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Global sesame oil consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
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Global sesame oil imports amounted to X thousand tons in 2015, approximately equating the previous year level.
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In 2015, the country with the largest volume of the sesame oil output was Tanzania (X thousand tons), accounting for X% of global production.
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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
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Global linseed oil consumption amounted to X thousand tons in 2015, shrinking by -X% against the previous year level.
