New Zealand: Sesame Seed Market 2024

Sesame Seed Market Size in New Zealand

In 2022, the New Zealand sesame seed market decreased by X% to $X, falling for the second year in a row after four years of growth. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Sesame Seed Exports

Exports from New Zealand

In 2022, after two years of growth, there was significant decline in overseas shipments of sesame seed, when their volume decreased by X% to X tons. In general, exports, however, saw perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, sesame seed exports reduced markedly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for sesame seed exports from New Zealand, with a X% share of total exports. Moreover, sesame seed exports to Australia exceeded the volume sent to the second major destination, Cook Islands (X kg), more than tenfold. Samoa (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (X% per year) and Samoa (X% per year).

In value terms, Australia ($X) emerged as the key foreign market for sesame seed exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by Cook Islands ($X), with a X% share of total exports. It was followed by Solomon Islands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (X% per year) and Solomon Islands (X% per year).

Export Prices by Country

The average sesame seed export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was New Caledonia ($X per ton), while the average price for exports to Australia ($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 New Caledonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Sesame Seed Imports

Imports into New Zealand

In 2022, overseas purchases of sesame seed decreased by X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports recorded a mild downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sesame seed imports reduced to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest sesame seed supplier to New Zealand, accounting for a X% share of total imports. Moreover, sesame seed imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Mexico (X% per year).

In value terms, India ($X) constituted the largest supplier of sesame seed to New Zealand, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Mexico (X% per year).

Import Prices by Country

The average sesame seed import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated a perceptible expansion 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. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs 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 supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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