Hungary - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSesame Oil Price in Hungary - 2023
Contents:
- Sesame Oil Price in Hungary (CIF) - 2022
- Sesame Oil Price in Hungary (FOB) - 2022
- Sesame Oil Imports in Hungary
- Sesame Oil Exports in Hungary
Sesame Oil Price in Hungary (CIF) - 2022
The average sesame oil import price stood at $6,006 per ton in 2022, surging by 7.6% against the previous year. In general, the import price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2021 an increase of 74% against the previous year. The import price peaked at $10,943 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($13,150 per ton), while the price for Egypt ($2,449 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Sesame Oil Price in Hungary (FOB) - 2022
The average sesame oil export price stood at $9,867 per ton in 2022, surging by 75% against the previous year. In general, the export price continues to indicate strong growth. The growth pace was the most rapid in 2017 when the average export price increased by 349% against the previous year. Over the period under review, the average export prices reached the maximum at $27,395 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($17,837 per ton), while the average price for exports to Portugal ($5,590 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 France (+47.7%), while the prices for the other major destinations experienced more modest paces of growth.
Sesame Oil Imports in Hungary
In 2022, supplies from abroad of sesame oil decreased by -5.7% to 31 tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 93% against the previous year. As a result, imports attained the peak of 99 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sesame oil imports expanded slightly to $184K in 2022. Overall, imports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2020 with an increase of 55% against the previous year. As a result, imports reached the peak of $316K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Sesame Oil in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 76.0 | 50.4 | 60.9 | 65.0 | -5.1% |
| Egypt | N/A | N/A | 31.9 | 33.9 | 6.3% |
| Germany | 6.3 | 9.5 | 8.2 | 25.9 | 60.2% |
| Poland | 12.9 | 16.9 | 27.2 | 19.9 | 15.5% |
| Thailand | 7.6 | 8.9 | 7.6 | 16.9 | 30.5% |
| India | 7.7 | 16.8 | 5.8 | 5.1 | -12.8% |
| China | 14.7 | 1.8 | 11.2 | 4.5 | -32.6% |
| Slovenia | 65.6 | 192 | N/A | N/A | 192.7% |
| Others | 12.8 | 20.2 | 28.7 | 12.9 | 0.3% |
| Total | 203 | 316 | 181 | 184 | -3.2% |
Top Suppliers of Sesame Oil to Hungary in 2022:
- Egypt (13.8 tons)
- France (8.9 tons)
- Germany (2.1 tons)
- Poland (1.5 tons)
- Thailand (1.5 tons)
- China (1.0 tons)
- India (0.8 tons)
Sesame Oil Exports in Hungary
In 2022, sesame oil exports from Hungary reduced remarkably to 2.1 tons, falling by -56.9% compared with the previous year. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 611% against the previous year. As a result, the exports reached the peak of 4.9 tons, and then plummeted in the following year.
In value terms, sesame oil exports dropped remarkably to $21K in 2022. Over the period under review, exports saw a slight decline. The pace of growth appeared the most rapid in 2021 when exports increased by 228% against the previous year. As a result, the exports reached the peak of $28K, and then contracted sharply in the following year.
| Export of Sesame Oil in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 4.6 | N/A | 23.0 | 6.2 | 10.5% |
| France | N/A | N/A | N/A | 6.1 | 0% |
| Germany | 1.8 | 2.8 | 3.4 | 4.8 | 38.7% |
| Bosnia and Herzegovina | N/A | N/A | N/A | 2.1 | 0% |
| Norway | N/A | N/A | N/A | 0.8 | 0% |
| Slovakia | 9.2 | 3.8 | 0.2 | 0.2 | -72.1% |
| Bulgaria | 5.4 | 0.9 | N/A | N/A | -83.3% |
| Others | 0.4 | 0.9 | 1.0 | 0.6 | 14.5% |
| Total | 21.4 | 8.4 | 27.5 | 20.8 | -0.9% |
Top Export Markets for Sesame Oil from Hungary in 2022:
- Portugal (1110.0 kg)
- France (370.0 kg)
- Germany (270.0 kg)
- Bosnia and Herzegovina (263.0 kg)
- Norway (48.0 kg)
- Slovakia (8.0 kg)
This report provides an in-depth analysis of the sesame oil market in Hungary. 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:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- 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
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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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