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Colombia - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights
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Colombia: Sesame Oil Market Overview 2021

Sesame Oil Market Size in Colombia

The Colombian sesame oil market rose modestly to $X in 2020, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a temperate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Sesame oil consumption peaked at $X in 2014; however, from 2015 to 2020, consumption failed to regain the momentum.

Sesame Oil Production in Colombia

In value terms, sesame oil production reached $X in 2020 estimated in export prices. Over the period under review, production enjoyed a perceptible increase. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Sesame oil production peaked at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

Sesame Oil Exports

Exports from Colombia

In 2020, the amount of sesame oil exported from Colombia was estimated at X kg, remaining relatively unchanged against 2019 figures. Over the period under review, exports recorded a relatively flat trend pattern. Exports peaked at X kg in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

In value terms, sesame oil exports amounted to $X in 2020. In general, exports saw a relatively flat trend pattern. Over the period under review, exports reached the peak figure at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X kg) was the main destination for sesame oil exports from Colombia, accounting for a approx. X% share of total exports.

From 2007 to 2011, the average annual growth rate of volume to Ecuador was relatively modest.

From 2007 to 2011, the average annual rate of growth in terms of value to Ecuador was relatively modest.

Export Prices by Country

In 2011, the average sesame oil export price amounted to $X per tonne, remaining relatively unchanged against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked in 2011 and is likely to see gradual growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Ecuador.

From 2007 to 2011, the rate of growth in terms of prices for Ecuador amounted to X% per year.

Sesame Oil Imports

Imports into Colombia

In 2020, overseas purchases of sesame oil decreased by -X% to X tonnes for the first time since 2016, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2019, and then declined in the following year.

In value terms, sesame oil imports contracted dramatically to $X in 2020. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Imports peaked at $X in 2019, and then dropped remarkably in the following year.

Imports by Country

In 2020, Mexico (X tonnes) constituted the largest supplier of sesame oil to Colombia, accounting for a X% share of total imports. Moreover, sesame oil imports from Mexico exceeded the figures recorded by the second-largest supplier, Japan (X tonnes), twofold. The third position in this ranking was occupied by Lebanon (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Mexico stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Lebanon (+X% per year).

In value terms, Mexico ($X), Japan ($X) and Taiwan (Chinese) ($X) appeared to be the largest sesame oil suppliers to Colombia, with a combined X% share of total imports.

Japan (+X% per year) saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average sesame oil import price amounted to $X per tonne, falling by -X% against the previous year. In general, import price indicated mild growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, sesame oil import price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per tonne), while the price for Lebanon ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sesame oil in the world?
+
The countries with the highest volumes of sesame oil consumption in 2020 were China (301K tonnes), Myanmar (153K tonnes) and India (73K tonnes), together accounting for 51% of global consumption. These countries were followed by Sudan, Japan, Uganda, Turkey, South Korea, Saudi Arabia, Mexico, Iran, Tanzania and the U.S., which together accounted for a further 31%.
What are the largest producers of sesame oil in the world?
+
China (306K tonnes) remains the largest sesame oil producing country worldwide, comprising approx. 30% of total volume. Moreover, sesame oil production in China exceeded the figures recorded by the second-largest producer, Myanmar (153K tonnes), twofold. The third position in this ranking was occupied by India (83K tonnes), with a 8.2% share.
What are the leading suppliers of sesame oil to Colombia?
+
In value terms, the largest sesame oil suppliers to Colombia were Mexico ($106K), Japan ($83K) and Taiwan (Chinese) ($36K), together accounting for 69% of total imports.
What is the average export price for sesame oil in Colombia?
+
In 2011, the average sesame oil export price amounted to $8,000 per tonne, approximately mirroring the previous year.
What is the average import price for sesame oil in Colombia?
+
The average sesame oil import price stood at $5,383 per tonne in 2020, with a decrease of -22% against the previous year.

Product coverage:
• FCL 290 - Oil of Sesame Seed

This report provides an in-depth analysis of the sesame oil market in Colombia. 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 2025.


Country coverage:
• Colombia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Colombia
• 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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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