Spain - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSesame Oil Price in Spain - 2023
Contents:
- Sesame Oil Price in Spain (CIF) - 2023
- Sesame Oil Price in Spain (FOB) - 2022
- Sesame Oil Imports in Spain
- Sesame Oil Exports in Spain
Sesame Oil Price in Spain (CIF) - 2023
The average sesame oil import price stood at $5,701 per ton in August 2023, with a decrease of -27.5% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 60% against the previous month. The import price peaked at $8,574 per ton in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($9,661 per ton), while the price for Taiwan (Chinese) ($4,083 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Sesame Oil Price in Spain (FOB) - 2022
The average sesame oil export price stood at $7,979 per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 87% against the previous year. The export price peaked at $14,652 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($21,747 per ton), while the average price for exports to Japan ($4,071 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 Saudi Arabia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Sesame Oil Imports in Spain
In 2022, imports of sesame oil into Spain surged to 701 tons, rising by 47% against 2021 figures. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, sesame oil imports surged to $4.4M in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sesame Oil in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 290 | 439 | 615 | 1,247 | 62.6% |
| France | 108 | 238 | 548 | 712 | 87.5% |
| China | 349 | 322 | 571 | 561 | 17.1% |
| India | N/A | N/A | N/A | 420 | 0% |
| Portugal | 270 | 198 | 235 | 405 | 14.5% |
| Germany | 314 | 335 | 255 | 317 | 0.3% |
| Taiwan (Chinese) | 168 | 104 | 151 | 131 | -8.0% |
| Mexico | 61.3 | 24.4 | 16.1 | 48.3 | -7.6% |
| Others | 273 | 245 | 436 | 603 | 30.2% |
| Total | 1,833 | 1,905 | 2,828 | 4,446 | 34.4% |
Top Suppliers of Sesame Oil to Spain in 2022:
- Netherlands (155.0 tons)
- India (127.1 tons)
- France (97.3 tons)
- China (91.5 tons)
- Portugal (67.5 tons)
- Taiwan (Chinese) (40.9 tons)
- Germany (40.5 tons)
- Mexico (9.7 tons)
Sesame Oil Exports in Spain
In 2022, overseas shipments of sesame oil decreased by -16% to 101 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 140%. As a result, the exports reached the peak of 121 tons, and then contracted remarkably in the following year.
In value terms, sesame oil exports fell remarkably to $808K in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 151% against the previous year. As a result, the exports reached the peak of $954K, and then dropped notably in the following year.
| Export of Sesame Oil in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 26.9 | 66.3 | 453 | 398 | 145.5% |
| Portugal | 42.5 | 193 | 159 | 106 | 35.6% |
| South Korea | N/A | 4.9 | 58.5 | 75.1 | 291.5% |
| Canada | N/A | N/A | N/A | 56.3 | 0% |
| France | 18.8 | 5.4 | 17.7 | 22.4 | 6.0% |
| Morocco | 7.5 | 5.3 | 4.0 | 21.2 | 41.4% |
| Italy | 27.8 | 0.2 | 7.7 | 12.4 | -23.6% |
| Pakistan | 1.3 | 17.5 | 15.2 | 12.0 | 109.8% |
| Poland | 28.4 | 16.9 | 31.2 | 11.9 | -25.2% |
| Japan | 19.9 | 27.2 | 20.9 | 8.1 | -25.9% |
| South Africa | 8.5 | 10.3 | 60.3 | 0.9 | -52.7% |
| Others | 70.2 | 32.7 | 127 | 82.6 | 5.6% |
| Total | 252 | 380 | 954 | 808 | 47.5% |
Top Export Markets for Sesame Oil from Spain in 2022:
- United States (48.3 tons)
- Portugal (16.2 tons)
- Canada (6.2 tons)
- Morocco (4.2 tons)
- France (3.7 tons)
- South Korea (3.5 tons)
- Pakistan (2.5 tons)
- Poland (2.2 tons)
- Japan (2.0 tons)
- Italy (1.6 tons)
- South Africa (0.2 tons)
This report provides an in-depth analysis of the sesame oil market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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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