Thailand - Sesame Seed - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

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

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Sesame Seed Price in Thailand - 2023

Contents:

  1. Sesame Seed Price in Thailand (CIF) - 2023
  2. Sesame Seed Price in Thailand (FOB) - 2023
  3. Sesame Seed Imports in Thailand
  4. Sesame Seed Exports in Thailand

Sesame Seed Price in Thailand (CIF) - 2023

The average sesame seed import price stood at $1,584 per ton in September 2023, shrinking by -10.3% against the previous month. Overall, import price indicated a slight expansion from September 2022 to September 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, sesame seed import price increased by +135.5% against June 2023 indices. The pace of growth appeared the most rapid in July 2023 an increase of 65% month-to-month. The import price peaked at $1,765 per ton in August 2023, and then contracted in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Myanmar ($2,459 per ton), while the price for India ($781 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 India (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Sesame Seed Price in Thailand (FOB) - 2023

The average sesame seed export price stood at $3,401 per ton in September 2023, reducing by -8.4% against the previous month. Over the period under review, the export price, however, continues to indicate a notable increase. The most prominent rate of growth was recorded in January 2023 an increase of 127% against the previous month. The export price peaked at $4,401 per ton in April 2023; however, from May 2023 to September 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Germany ($4,941 per ton), while the average price for exports to Lao People's Democratic Republic ($1,975 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 Taiwan (Chinese) (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sesame Seed Imports in Thailand

After three years of growth, purchases abroad of sesame seed decreased by -19.5% to 13K tons in 2022. The total import volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. As a result, imports attained the peak of 16K tons, and then contracted rapidly in the following year.

In value terms, sesame seed imports reduced markedly to $13M in 2022. Overall, imports faced a abrupt slump. The smallest decline of -2.8% was in 2021.

Import of Sesame Seed in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Myanmar10.78.811.410.3-1.3%
India1.51.82.11.4-2.3%
Lao People's Democratic Republic0.31.30.60.838.7%
Bangladesh1.52.90.90.3-41.5%
China4.51.00.60.1-71.9%
Others0.40.70.40.614.5%
Total19.116.616.113.5-10.9%

Top Suppliers of Sesame Seed to Thailand in 2022:

  1. China (undefinedK tons)
  2. Myanmar (6.2K tons)
  3. India (5.3K tons)
  4. Lao People's Democratic Republic (0.9K tons)
  5. Bangladesh (0.5K tons)

Sesame Seed Exports in Thailand

In 2022, after three years of growth, there was significant decline in shipments abroad of sesame seed, when their volume decreased by -27.8% to 3.7K tons. Over the period under review, total exports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +4.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +14.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 56% against the previous year. As a result, the exports attained the peak of 5.2K tons, and then declined dramatically in the following year.

In value terms, sesame seed exports reduced rapidly to $7M in 2022. The total export value increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year. As a result, the exports reached the peak of $8.9M, and then contracted markedly in the following year.

Export of Sesame Seed in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)4.54.54.24.60.7%
United States0.60.50.60.5-5.9%
Germany0.30.40.50.30.0%
Lao People's Democratic RepublicN/AN/A0.60.2-66.7%
China0.1N/A0.80.226.0%
MyanmarN/AN/A0.60.1-83.3%
Others1.21.11.71.0-5.9%
Total6.76.58.97.01.5%

Top Export Markets for Sesame Seed from Thailand in 2022:

  1. Taiwan (Chinese) (2556.8 tons)
  2. Lao People's Democratic Republic (453.1 tons)
  3. China (154.2 tons)
  4. United States (124.7 tons)
  5. Myanmar (87.1 tons)
  6. Germany (80.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sesame seed 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 289 - 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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