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

Sesame Oil Market Size in Singapore

The Singaporean sesame oil market contracted notably to $X in 2020, which is down by -X% against the previous year. In general, consumption recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Sesame oil consumption peaked at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Sesame Oil Production in Singapore

In value terms, sesame oil production stood at $X in 2020 estimated in export prices. Overall, production continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% year-to-year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

Sesame Oil Exports

Exports from Singapore

In 2020, approx. X tonnes of sesame oil were exported from Singapore; with a decrease of -X% against 2019 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Exports peaked at X tonnes in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, sesame oil exports contracted significantly to $X in 2020. In general, exports, however, continue to indicate pronounced growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Exports peaked at $X in 2019, and then reduced rapidly in the following year.

Exports by Country

Indonesia (X tonnes), Australia (X tonnes) and Thailand (X tonnes) were the main destinations of sesame oil exports from Singapore, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sesame oil exported from Singapore were Australia ($X), Indonesia ($X) and the Netherlands ($X), with a combined X% share of total exports. France, Thailand, the UK, Malaysia, Sweden, Israel, Germany and Hong Kong SAR lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Thailand saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average sesame oil export price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, export price indicated a tangible increase from 2007 to 2020: its price 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, sesame oil export price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was France ($X per tonne), while the average price for exports to Hong Kong SAR ($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 France, while the prices for the other major destinations experienced more modest paces of growth.

Sesame Oil Imports

Imports into Singapore

Sesame oil imports into Singapore contracted significantly to X tonnes in 2020, waning by -X% compared with the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. From 2019 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, sesame oil imports dropped remarkably to $X in 2020. Over the period under review, imports, however, recorded a moderate expansion. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019, and then dropped markedly in the following year.

Imports by Country

Malaysia (X tonnes), China (X tonnes) and India (X tonnes) were the main suppliers of sesame oil imports to Singapore, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in India, while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest sesame oil suppliers to Singapore were Malaysia ($X), China ($X) and India ($X), with a combined X% share of total imports.

In terms of the main suppliers, India recorded the highest rates of growth with regard to 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 average sesame oil import price stood at $X per tonne in 2020, remaining stable against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2011; however, from 2012 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 India ($X per tonne), while the price for Nigeria ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, 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, 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. India (83K tonnes) ranked third in terms of total production with a 8.2% share.
What are the leading suppliers of sesame oil to Singapore?
+
In value terms, Malaysia ($1.6M), China ($1.5M) and India ($1.2M) appeared to be the largest sesame oil suppliers to Singapore, with a combined 89% share of total imports.
What are the leading importers of sesame oil from Singapore?
+
In value terms, Australia ($3M), Indonesia ($2.2M) and the Netherlands ($1.3M) were the largest markets for sesame oil exported from Singapore worldwide, with a combined 54% share of total exports. France, Thailand, the UK, Malaysia, Sweden, Israel, Germany and Hong Kong SAR lagged somewhat behind, together comprising a further 31%.
What is the average export price for sesame oil in Singapore?
+
In 2020, the average sesame oil export price amounted to $6,035 per tonne, jumping by 16% against the previous year.
What is the average import price for sesame oil in Singapore?
+
The average sesame oil import price stood at $3,636 per tonne in 2020, approximately reflecting the previous year.

Product coverage:
• FCL 290 - Oil of Sesame Seed

This report provides an in-depth analysis of the sesame oil market in Singapore. 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:
• Singapore

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