U.S. - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSesame Oil Price in the United States - 2023
Contents:
- Sesame Oil Price in the United States (CIF) - 2023
- Sesame Oil Price in the United States (FOB) - 2023
- Sesame Oil Imports in the United States
- Sesame Oil Exports in the United States
Sesame Oil Price in the United States (CIF) - 2023
The average sesame oil import price stood at $6,317 per ton in September 2023, increasing by 13% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was South Korea ($10,512 per ton), while the price for India ($4,072 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 Taiwan (Chinese) (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Sesame Oil Price in the United States (FOB) - 2023
The average sesame oil export price stood at $3,282 per ton in September 2023, with a decrease of -11.2% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 28% against the previous month. As a result, the export price reached the peak level of $4,269 per ton. From June 2023 to September 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In September 2023, the highest price was recorded for prices to the Netherlands ($3,690 per ton) and Germany ($3,690 per ton), while the average price for exports to the UK ($2,690 per ton) and Belize ($2,690 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Sesame Oil Imports in the United States
In 2022, approx. 25K tons of sesame oil were imported into the United States; with an increase of 8.7% against the previous year. The total import volume increased at an average annual rate of +9.8% from 2019 to 2022; however, 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 15%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, sesame oil imports skyrocketed to $136M in 2022. The total import value increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sesame Oil in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 44.3 | 42.8 | 46.7 | 53.0 | 6.2% |
| Mexico | 25.7 | 35.1 | 32.0 | 38.9 | 14.8% |
| Taiwan (Chinese) | 15.7 | 15.0 | 15.5 | 23.3 | 14.1% |
| India | 4.9 | 7.3 | 7.4 | 6.1 | 7.6% |
| China | 3.6 | 4.6 | 5.6 | 5.6 | 15.9% |
| South Korea | 1.6 | 2.9 | 3.4 | 4.3 | 39.0% |
| Turkey | 0.2 | 0.6 | 0.9 | 1.3 | 86.6% |
| Others | 3.3 | 3.5 | 4.9 | 4.0 | 6.6% |
| Total | 99.3 | 112 | 116 | 136 | 11.1% |
Top Suppliers of Sesame Oil to the United States in 2022:
- Mexico (9.1K tons)
- Japan (7.2K tons)
- Taiwan (Chinese) (4.7K tons)
- India (1.5K tons)
- China (1.0K tons)
- Turkey (0.5K tons)
- South Korea (0.5K tons)
Sesame Oil Exports in the United States
In 2022, approx. 2.9K tons of sesame oil were exported from the United States; with an increase of 11% compared with 2021 figures. The total export volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, sesame oil exports totaled $9.7M in 2022. The total export value increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Sesame Oil in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 3,550 | 4,359 | 4,845 | 4,508 | 8.3% |
| Mexico | 465 | 383 | 583 | 815 | 20.6% |
| Brazil | 464 | 316 | 532 | 715 | 15.5% |
| Germany | 226 | 207 | 215 | 608 | 39.1% |
| Netherlands | 757 | 58.8 | 443 | 548 | -10.2% |
| China | 118 | 509 | 197 | 447 | 55.9% |
| United Kingdom | 1,077 | 310 | 662 | 293 | -35.2% |
| Colombia | 39.4 | 102 | 127 | 189 | 68.7% |
| Bangladesh | 6.6 | 68.3 | 110 | 167 | 193.6% |
| El Salvador | 30.3 | 46.7 | 36.2 | 150 | 70.4% |
| Dominican Republic | 24.6 | 16.7 | 65.1 | 149 | 82.3% |
| India | 645 | 437 | 244 | 147 | -38.9% |
| Others | 1,072 | 628 | 833 | 947 | -4.0% |
| Total | 8,474 | 7,442 | 8,893 | 9,684 | 4.5% |
Top Export Markets for Sesame Oil from the United States in 2022:
- Canada (1350.7 tons)
- Brazil (261.7 tons)
- Mexico (206.5 tons)
- Germany (178.4 tons)
- Netherlands (171.9 tons)
- United Kingdom (103.5 tons)
- China (95.5 tons)
- Bangladesh (80.2 tons)
- Colombia (54.5 tons)
- El Salvador (49.3 tons)
- Dominican Republic (47.7 tons)
- India (42.0 tons)
This report provides an in-depth analysis of the sesame oil market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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