CIS: Sesame Oil Market 2024

Sesame Oil Market Size in CIS

The CIS sesame oil market reduced to $X in 2022, which is down by X% against the previous year. In general, consumption, however, enjoyed buoyant growth. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Sesame Oil Production in CIS

In value terms, sesame oil production reduced to $X in 2022 estimated in export price. Overall, production saw a measured expansion. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Sesame Oil Exports

Exports in CIS

Sesame oil exports fell to X tons in 2022, dropping by X% compared with the previous year. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of export peaked at X tons in 2021, and then declined slightly in the following year.

In value terms, sesame oil exports expanded notably to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia was the major exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Uzbekistan (X tons) and Kazakhstan (X tons), together constituting a X% share of total exports. Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sesame oil exports from Russia stood at X%. At the same time, Uzbekistan (X%), Kazakhstan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Uzbekistan, Kazakhstan and Belarus increased by X, X and X percentage points, respectively.

In value terms, Russia ($X) remains the largest sesame oil supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the export price figures.

Sesame Oil Imports

Imports in CIS

Sesame oil imports contracted to X tons in 2022, which is down by X% compared with the year before. In general, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by X%. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, sesame oil imports fell to $X in 2022. Overall, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Russia (X tons) represented the major importer of sesame oil, constituting X% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a X% share, followed by Belarus (X%). Kyrgyzstan (X tons), Uzbekistan (X tons) and Armenia (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sesame oil imports into Russia stood at X%. At the same time, Uzbekistan (X%), Kyrgyzstan (X%), Belarus (X%), Kazakhstan (X%) and Armenia (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kazakhstan, Belarus, Uzbekistan and Kyrgyzstan increased by X, X, X and X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported sesame oil in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with an X% share of total imports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, reducing by X% against the previous year. Overall, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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