Denmark: Sesame Oil Market Overview 2021

Sesame Oil Market Size in Denmark

In 2020, the Danish sesame oil market decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, recorded a slight descent. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Sesame oil consumption peaked at $X in 2010; however, from 2011 to 2020, consumption stood at a somewhat lower figure.

Sesame Oil Production in Denmark

In value terms, sesame oil production declined notably to $X in 2020 estimated in export prices. In general, production saw a perceptible reduction. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Sesame oil production peaked at $X in 2010; however, from 2011 to 2020, production failed to regain the momentum.

Sesame Oil Exports

Exports from Denmark

For the third consecutive year, Denmark recorded growth in overseas shipments of sesame oil, which increased by X% to X tonnes in 2020. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the immediate term.

In value terms, sesame oil exports soared to $X in 2020. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure in 2020 and are likely to see steady growth in the near future.

Exports by Country

Norway (X tonnes) was the main destination for sesame oil exports from Denmark, with a X% share of total exports. Moreover, sesame oil exports to Norway exceeded the volume sent to the second major destination, Finland (X tonnes), threefold. The third position in this ranking was occupied by Sweden (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Norway stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and Sweden (+X% per year).

In value terms, the largest markets for sesame oil exported from Denmark were Finland ($X), Sweden ($X) and Norway ($X), together comprising X% of total exports.

Finland (+X% per year) recorded 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

The average sesame oil export price stood at $X per tonne in 2020, which is down by -X% against the previous year. In general, the export price showed a perceptible reduction. The pace of growth was the most pronounced in 2009 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2010 to 2020, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Finland ($X per tonne), while the average price for exports to Norway ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced a decline.

Sesame Oil Imports

Imports into Denmark

In 2020, the amount of sesame oil imported into Denmark skyrocketed to X tonnes, rising by X% against 2019 figures. Overall, total imports indicated notable growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sesame oil imports skyrocketed to $X in 2020. Over the period under review, total imports indicated strong growth 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, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2020 and are likely to continue growth in years to come.

Imports by Country

Germany (X tonnes), France (X tonnes) and the Netherlands (X tonnes) were the main suppliers of sesame oil imports to Denmark, with a combined X% share of total imports. Sweden, Spain, Poland, Thailand, Japan and Syrian Arab Republic lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) constituted the largest sesame oil suppliers to Denmark, with a combined X% share of total imports. These countries were followed by Poland, Sweden, Spain, Thailand, Japan and Syrian Arab Republic, which together accounted for a further X (+X% per year) recorded the highest rates of growth with regard to the value of imports, among 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, approximately equating the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, 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?

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The countries with the highest volumes of sesame oil consumption in 2020 were China (301K tonnes), Myanmar (153K tonnes) and India (73K tonnes), together comprising 51% of global consumption. Sudan, Japan, Uganda, Turkey, South Korea, Saudi Arabia, Mexico, Iran, Tanzania and the U.S. lagged somewhat behind, together comprising a further 31%.

What are the largest producers of sesame oil in the world?

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China (306K tonnes) constituted the country with the largest volume of sesame oil production, accounting for 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 Denmark?

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In value terms, Germany ($351K), France ($340K) and the Netherlands ($212K) were the largest sesame oil suppliers to Denmark, together comprising 72% of total imports. Poland, Sweden, Spain, Thailand, Japan and Syrian Arab Republic lagged somewhat behind, together accounting for a further 24%.

What are the leading importers of sesame oil from Denmark?

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In value terms, Finland ($164K), Sweden ($90K) and Norway ($68K) constituted the largest markets for sesame oil exported from Denmark worldwide, with a combined 91% share of total exports.

What is the average export price for sesame oil in Denmark?

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In 2020, the average sesame oil export price amounted to $3,790 per tonne, waning by -20.2% against the previous year.

What is the average import price for sesame oil in Denmark?

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The average sesame oil import price stood at $6,738 per tonne in 2020, almost unchanged from the previous year.