Report Update: May 1, 2024

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

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Sesame Oil Price in Thailand - 2023

Sesame Oil Price in Thailand (FOB) - 2023

The average sesame oil export price stood at $7,184 per ton in September 2023, reducing by -19.4% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 when the average export price increased by 14% against the previous month. As a result, the export price reached the peak level of $8,915 per ton, and then dropped significantly in the following month.

There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Lebanon ($12,160 per ton), while the average price for exports to Cambodia ($5,850 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 Lebanon (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sesame Oil Price in Thailand (CIF) - 2023

In September 2023, the average sesame oil import price amounted to $4,275 per ton, picking up by 23% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 36% against the previous month. Over the period under review, average import prices attained the peak figure at $5,482 per ton in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($13,727 per ton), while the price for Singapore ($3,588 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 South Korea (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Sesame Oil Exports in Thailand

In 2022, exports of sesame oil from Thailand skyrocketed to 568 tons, growing by 29% on the previous year. The total export volume increased at an average annual rate of +12.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sesame oil exports expanded rapidly to $4.1M in 2022. The total export value increased at an average annual rate of +15.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 31% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Export of Sesame Oil in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	491	1,126	972	1,170	33.6%
Cambodia	642	580	422	926	13.0%
Sweden	650	702	865	859	9.7%
France	105	200	219	155	13.9%
South Africa	54.7	71.1	81.7	103	23.5%
Myanmar	N/A	59.3	58.6	97.3	28.1%
Lebanon	147	32.4	346	57.8	-26.7%
India	90.4	28.4	35.7	56.7	-14.4%
Germany	56.5	135	119	47.4	-5.7%
Others	452	576	596	618	11.0%
Total	2,687	3,511	3,716	4,089	15.0%

Top Export Markets for Sesame Oil from Thailand in 2022:

Cambodia (172.0 tons)
United States (148.3 tons)
Sweden (102.6 tons)
Myanmar (19.6 tons)
France (17.3 tons)
South Africa (10.6 tons)
India (9.7 tons)
Lebanon (8.3 tons)
Germany (6.8 tons)

Sesame Oil Imports in Thailand

In 2022, the amount of sesame oil imported into Thailand expanded slightly to 735 tons, surging by 4.9% against the year before. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.3% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 81% against the previous year. As a result, imports reached the peak of 828 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, sesame oil imports totaled $3.1M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 54% against the previous year. As a result, imports attained the peak of $3.3M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Sesame Oil in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	940	1,199	1,133	1,305	11.6%
China	252	644	781	486	24.5%
Taiwan (Chinese)	235	480	145	424	21.7%
Japan	351	330	277	281	-7.1%
Malaysia	194	334	276	269	11.5%
Netherlands	75.8	152	207	172	31.4%
Others	128	203	254	180	12.0%
Total	2,176	3,341	3,074	3,116	12.7%

Top Suppliers of Sesame Oil to Thailand in 2022:

Singapore (371.2 tons)
Malaysia (131.4 tons)
Taiwan (Chinese) (85.0 tons)
China (56.6 tons)
Japan (41.4 tons)
Netherlands (27.7 tons)

Source: IndexBox Market Intelligence Platform

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

Thailand

Data coverage:

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

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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