Norway - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSesame Oil Price in Norway - 2023
Contents:
- Sesame Oil Price in Norway (CIF) - 2022
- Sesame Oil Price in Norway (FOB) - 2022
- Sesame Oil Imports in Norway
- Sesame Oil Exports in Norway
Sesame Oil Price in Norway (CIF) - 2022
In 2022, the average sesame oil import price amounted to $8,831 per ton, rising by 15% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $11,097 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 ($12,212 per ton), while the price for the United States ($4,164 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Sesame Oil Price in Norway (FOB) - 2022
The average sesame oil export price stood at $9,940 per ton in 2022, rising by 6.1% against the previous year. Overall, the export price, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2018 an increase of 137% against the previous year. Over the period under review, the average export prices reached the peak figure at $32,110 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From 2014 to 2022, the rate of growth in terms of prices for Sweden amounted to -13.6% per year.
Sesame Oil Imports in Norway
In 2022, overseas purchases of sesame oil decreased by -3.9% to 90 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 28%.
In value terms, sesame oil imports expanded markedly to $792K in 2022. The total import value increased at an average annual rate of +13.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 25% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Sesame Oil in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 150 | 152 | 217 | 278 | 22.8% |
| Singapore | 82.1 | 125 | 97.2 | 134 | 17.7% |
| United Kingdom | 95.6 | 180 | 136 | 93.8 | -0.6% |
| China | 31.8 | 11.6 | 35.5 | 60.6 | 24.0% |
| United States | 68.0 | 0.4 | 51.4 | 51.6 | -8.8% |
| India | 7.8 | 62.9 | 38.7 | 30.7 | 57.9% |
| Japan | 18.4 | 17.0 | 28.1 | 26.2 | 12.5% |
| Others | 86.1 | 128 | 113 | 118 | 11.1% |
| Total | 540 | 677 | 716 | 792 | 13.6% |
Top Suppliers of Sesame Oil to Norway in 2022:
- Poland (22.8 tons)
- United Kingdom (14.8 tons)
- Singapore (12.5 tons)
- United States (12.4 tons)
- China (6.8 tons)
- India (5.5 tons)
- Japan (3.0 tons)
Sesame Oil Exports in Norway
In 2022, shipments abroad of sesame oil decreased by -44.5% to 1.5 tons, falling for the second year in a row after two years of growth. Overall, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 4.6% against the previous year. As a result, the exports attained the peak of 2.9 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, sesame oil exports contracted sharply to $15K in 2022. In general, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 27%.
| Export of Sesame Oil in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 17.5 | 21.4 | 25.1 | 15.0 | -5.0% |
| Austria | N/A | 0.9 | 0.5 | N/A | -44.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 17.5 | 22.2 | 25.5 | 15.0 | -5.0% |
Top Export Markets for Sesame Oil from Norway in 2022:
- Sweden (1.5 tons)
This report provides an in-depth analysis of the sesame oil market in Norway. 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:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- 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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