Finland - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSesame Oil Price in Finland - 2023
Contents:
- Sesame Oil Price in Finland (CIF) - 2022
- Sesame Oil Price in Finland (FOB) - 2022
- Sesame Oil Imports in Finland
- Sesame Oil Exports in Finland
Sesame Oil Price in Finland (CIF) - 2022
In 2022, the average sesame oil import price amounted to $9,448 per ton, with an increase of 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.9%. The pace of growth was the most pronounced in 2013 when the average import price increased by 77% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($46,462 per ton), while the price for the UK ($3,710 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+44.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Sesame Oil Price in Finland (FOB) - 2022
In 2022, the average sesame oil export price amounted to $44,017 per ton, with an increase of 10% against the previous year. Overall, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2017 an increase of 239%. The export price peaked at $44,204 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($121,328 per ton), while the average price for exports to Belarus ($10,860 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 Russia (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.
Sesame Oil Imports in Finland
In 2022, sesame oil imports into Finland totaled 86 tons, picking up by 8.6% on 2021 figures. The total import volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 29% against the previous year. As a result, imports attained the peak of 97 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sesame oil imports surged to $811K in 2022. The total import value increased at an average annual rate of +9.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 28%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Sesame Oil in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 6.5 | 132 | 145 | 269 | 245.9% |
| Netherlands | 82.7 | 125 | 108 | 143 | 20.0% |
| China | 11.7 | 28.8 | 50.7 | 69.8 | 81.4% |
| France | 48.8 | 49.4 | 51.9 | 57.3 | 5.5% |
| Poland | 42.9 | 37.0 | 40.0 | 53.9 | 7.9% |
| Greece | 40.0 | 61.7 | 62.0 | 47.3 | 5.7% |
| Mexico | 27.9 | 28.1 | 26.4 | 22.1 | -7.5% |
| Germany | 61.9 | 48.4 | 2.9 | 15.3 | -37.2% |
| Sweden | 1.2 | 37.5 | 5.5 | 13.5 | 124.1% |
| India | 3.5 | 10.1 | 6.3 | 12.8 | 54.1% |
| Denmark | 73.9 | 7.2 | 6.6 | 4.5 | -60.7% |
| United Kingdom | 152 | 161 | 71.4 | 0.5 | -85.1% |
| Others | 59.9 | 58.2 | 80.8 | 102 | 19.4% |
| Total | 613 | 784 | 658 | 811 | 9.8% |
Top Suppliers of Sesame Oil to Finland in 2022:
- Italy (31.2 tons)
- Netherlands (19.7 tons)
- China (10.4 tons)
- France (7.1 tons)
- Mexico (3.6 tons)
- Greece (3.3 tons)
- Sweden (2.4 tons)
- India (2.2 tons)
- Germany (1.8 tons)
- Poland (1.2 tons)
- Denmark (0.6 tons)
- United Kingdom (0.1 tons)
Sesame Oil Exports in Finland
For the third year in a row, Finland recorded decline in overseas shipments of sesame oil, which decreased by -22% to 2.6 tons in 2022. In general, exports continue to indicate a deep downturn. The smallest decline of -5.4% was in 2021.
In value terms, sesame oil exports contracted to $112K in 2022. Over the period under review, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 6.4%.
| Export of Sesame Oil in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 64.6 | 73.9 | 67.7 | 92.2 | 12.6% |
| Russia | N/A | N/A | N/A | 14.1 | 0% |
| Estonia | 4.3 | 6.2 | 6.8 | 5.3 | 7.2% |
| Belarus | N/A | N/A | N/A | 0.6 | 0% |
| South Korea | N/A | N/A | 3.2 | N/A | 0% |
| South Africa | 91.4 | 42.6 | 53.0 | N/A | -23.9% |
| Others | 8.3 | 0.1 | N/A | 0.1 | -77.1% |
| Total | 169 | 123 | 131 | 112 | -12.8% |
Top Export Markets for Sesame Oil from Finland in 2022:
- Norway (1882.0 kg)
- Estonia (467.0 kg)
- Russia (116.0 kg)
- Belarus (57.0 kg)
This report provides an in-depth analysis of the sesame oil market in Finland. 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:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- 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
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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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