China - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Mar 18, 2024

China - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights

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Sesame Oil Price in China - 2023

Contents:

  1. Sesame Oil Price in China (FOB) - 2023
  2. Sesame Oil Price in China (CIF) - 2023
  3. Sesame Oil Exports in China
  4. Sesame Oil Imports in China

Sesame Oil Price in China (FOB) - 2023

The average sesame oil export price stood at $4,363 per ton in September 2023, with a decrease of -1.7% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 19% m-o-m. As a result, the export price reached the peak level of $4,784 per ton. From February 2023 to September 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Australia ($7,038 per ton), while the average price for exports to Peru ($2,147 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

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Sesame Oil Price in China (CIF) - 2023

The average sesame oil import price stood at $2,809 per ton in September 2023, growing by 12% against the previous month. Over the period under review, the import price, however, continues to indicate a deep reduction. The growth pace was the most rapid in January 2023 an increase of 156% month-to-month. As a result, import price reached the peak level of $30,682 per ton. From February 2023 to September 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($103K per ton), while the price for Bangladesh ($2,451 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Sesame Oil Exports in China

In 2022, overseas shipments of sesame oil decreased by -9% to 6.6K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 22% against the previous year.

In value terms, sesame oil exports reduced to $28M in 2022. The total export value increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 20% against the previous year.

Export of Sesame Oil in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2.74.55.55.123.6%
Singapore2.12.43.02.810.1%
South Korea1.11.11.91.715.6%
Australia1.42.01.91.52.3%
Indonesia1.21.91.41.57.7%
Vietnam0.81.00.81.523.3%
Russia1.41.31.71.40.0%
Peru1.10.61.41.0-3.1%
United Kingdom0.81.10.90.94.0%
Netherlands0.30.61.00.944.2%
Japan0.70.60.50.84.6%
France0.40.40.50.614.5%
Malaysia0.70.50.40.5-10.6%
Others8.09.18.57.7-1.3%
Total22.727.229.627.97.1%

Top Export Markets for Sesame Oil from China in 2022:

  1. United States (904.6 tons)
  2. Singapore (780.0 tons)
  3. Peru (464.9 tons)
  4. South Korea (447.5 tons)
  5. Russia (430.7 tons)
  6. Vietnam (405.0 tons)
  7. Australia (275.3 tons)
  8. Indonesia (274.7 tons)
  9. Japan (218.7 tons)
  10. United Kingdom (199.0 tons)
  11. Netherlands (159.1 tons)
  12. Malaysia (120.0 tons)
  13. France (116.2 tons)

Sesame Oil Imports in China

In 2022, purchases abroad of sesame oil decreased by -56.4% to 310 tons, falling for the second year in a row after two years of growth. Overall, imports faced a dramatic contraction. The growth pace was the most rapid in 2020 with an increase of 42%. As a result, imports attained the peak of 1K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sesame oil imports soared to $4M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Sesame Oil in China (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States51.518.94672,426261.2%
Japan9651,0228531,0292.2%
India18711.21652378.2%
South Korea87.884.783.112111.3%
France11229.640.974.8-12.6%
Singapore11118989.436.5-31.0%
Taiwan (Chinese)629N/AN/AN/A0%
Bangladesh4591,567864N/A37.2%
Others14515711698.9-12.0%
Total2,7453,0792,6794,02313.6%

Top Suppliers of Sesame Oil to China in 2022:

  1. Japan (146.7 tons)
  2. India (85.0 tons)
  3. United States (36.7 tons)
  4. South Korea (12.7 tons)
  5. France (5.5 tons)
  6. Singapore (4.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sesame oil market in China. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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