Sri Lanka: Sesame Seed Market 2024

Sesame Seed Market Size in Sri Lanka

In 2022, the Sri Lankan sesame seed market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a abrupt decrease. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Sesame Seed Production in Sri Lanka

In value terms, sesame seed production amounted to $X in 2022 estimated in export price. In general, production recorded a pronounced decrease. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average sesame seed yield in Sri Lanka amounted to X kg per ha, flattening at 2021 figures. Over the period under review, the yield, however, saw a slight downturn. The growth pace was the most rapid in 2019 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the average sesame seed yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the sesame seed harvested area in Sri Lanka declined significantly to X ha, waning by X% compared with the year before. Overall, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the harvested area increased by X%. The sesame seed harvested area peaked at X ha in 2021, and then fell rapidly in the following year.

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Sesame Seed Exports

Exports from Sri Lanka

In 2022, overseas shipments of sesame seed increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, sesame seed exports surged to $X in 2022. Overall, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Japan (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons) were the main destinations of sesame seed exports from Sri Lanka, with a combined X% share of total exports.

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

In value terms, the largest markets for sesame seed exported from Sri Lanka were Japan ($X), Taiwan (Chinese) ($X) and Singapore ($X), together comprising X% of total exports.

Among the main countries of destination, Japan, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average sesame seed export price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sesame Seed Imports

Imports into Sri Lanka

In 2022, overseas purchases of sesame seed decreased by X% to X kg, falling for the second consecutive year after five years of growth. Overall, imports faced a dramatic descent. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sesame seed imports contracted notably to $X in 2022. In general, imports showed a significant curtailment. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

In 2022, the United Arab Emirates (X kg) constituted the largest sesame seed supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, sesame seed imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Andorra (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of sesame seed to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by Andorra ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled X%.

Import Prices by Country

The average sesame seed import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price showed a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the United Arab Emirates ($X per ton), while the price for Andorra totaled $X per ton.

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

Source: IndexBox Platform

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