Eastern Europe: Sesame Oil Market 2024

Sesame Oil Market Size in Eastern Europe

The East European sesame oil market expanded remarkably to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Sesame Oil Production in Eastern Europe

In value terms, sesame oil production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a strong increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Sesame Oil Exports

Exports in Eastern Europe

In 2022, sesame oil exports in Eastern Europe was estimated at X tons, increasing by X% on the previous year. Over the period under review, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, sesame oil exports declined to $X in 2022. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Poland (X tons) was the main exporter of sesame oil, mixing up X% of total exports. It was distantly followed by the Czech Republic (X tons) and Russia (X tons), together constituting a X% share of total exports. Lithuania (X tons), Latvia (X tons) and Ukraine (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sesame oil exports from Poland stood at X%. At the same time, the Czech Republic (X%), Latvia (X%) and Russia (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Lithuania experienced a relatively flat trend pattern. By contrast, Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, the Czech Republic, Russia and Latvia increased by X, X, X and X percentage points, respectively.

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

In Poland, sesame oil exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

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

Sesame Oil Imports

Imports in Eastern Europe

In 2022, overseas purchases of sesame oil increased by X% to X tons, rising for the seventh year in a row after two years of decline. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, sesame oil imports expanded to $X in 2022. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Russia (X tons) and Poland (X tons) prevails in imports structure, together achieving X% of total imports. It was distantly followed by the Czech Republic (X tons), creating a X% share of total imports. The following importers - Romania (X tons), Lithuania (X tons), Belarus (X tons) and Hungary (X tons) - together made up X% of total imports.

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

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Lithuania, Romania, Belarus and Hungary lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Belarus, 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

The import price in Eastern Europe stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price saw a slight contraction. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lithuania ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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