Ukraine: Sesame Oil Market 2024

Sesame Oil Market Size in Ukraine

The Ukrainian sesame oil market contracted modestly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, posted a strong increase. Over the period under review, the market hit record highs at $X in 2021, and then dropped modestly in the following year.

Sesame Oil Production in Ukraine

In value terms, sesame oil production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Sesame Oil Exports

Exports from Ukraine

In 2022, sesame oil exports from Ukraine dropped significantly to X tons, which is down by X% against the previous year. Over the period under review, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, sesame oil exports dropped remarkably to $X in 2022. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X tons), the United States (X tons) and Georgia (X kg) were the main destinations of sesame oil exports from Ukraine, with a combined X% share of total exports.

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

In value terms, Lithuania ($X), the United States ($X) and Hungary ($X) were the largest markets for sesame oil exported from Ukraine worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Lithuania, 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 oil export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price showed a pronounced curtailment. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hungary ($X per ton) and Romania ($X per ton), while the average price for exports to Georgia ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sesame Oil Imports

Imports into Ukraine

After six years of growth, supplies from abroad of sesame oil decreased by X% to X tons in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced sharply in the following year.

In value terms, sesame oil imports fell dramatically to $X in 2022. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest sesame oil supplier to Ukraine, accounting for a X% share of total imports. Moreover, sesame oil imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. Italy (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of sesame oil to Ukraine, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Italy (X% per year).

Import Prices by Country

The average sesame oil import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, import price indicated measured growth 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. Based on 2022 figures, sesame oil import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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