Belgium: Sesame Oil Market 2024

Sesame Oil Market Size in Belgium

In 2022, the Belgian sesame oil market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Sesame Oil Production in Belgium

In value terms, sesame oil production reached $X in 2022 estimated in export price. In general, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Sesame Oil Exports

Exports from Belgium

In 2022, shipments abroad of sesame oil decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. In general, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, sesame oil exports dropped modestly to $X in 2022. Overall, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank modestly in the following year.

Exports by Country

Germany (X tons), Brazil (X tons) and France (X tons) were the main destinations of sesame oil exports from Belgium, with a combined X% share of total exports. Hungary, the Netherlands and Egypt lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sesame oil exported from Belgium were Germany ($X), Brazil ($X) and Egypt ($X), with a combined X% share of total exports.

Egypt, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sesame oil export price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to France ($X 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 Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sesame Oil Imports

Imports into Belgium

In 2022, supplies from abroad of sesame oil increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sesame oil imports expanded remarkably to $X in 2022. In general, imports saw a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

France (X tons), Mexico (X tons) and the Netherlands (X tons) were the main suppliers of sesame oil imports to Belgium, together accounting for X% of total imports. Germany, Kenya, Italy, Singapore and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kenya (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sesame oil suppliers to Belgium were France ($X), Mexico ($X) and Germany ($X), with a combined X% share of total imports. The Netherlands, Kenya, Italy, Singapore and Turkey lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Kenya, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sesame oil import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sesame oil import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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