Cote d'Ivoire: Sesame Seed Market 2024

Sesame Seed Market Size in Cote d'Ivoire

The Cote d'Ivoire's sesame seed market dropped to $X in 2022, shrinking by -1.8% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Sesame Seed Production in Cote d'Ivoire

In value terms, sesame seed production declined modestly to $X in 2022 estimated in export price. In general, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.8% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 36%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average sesame seed yield in Cote d'Ivoire declined slightly to X kg per ha, remaining constant against 2021. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by 0.9%. The sesame seed yield peaked at X kg per ha in 2013; however, from 2014 to 2022, the 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.

The sesame seed harvested area in Cote d'Ivoire stood at X ha in 2022, standing approx. at 2021 figures. In general, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 4.7%. The sesame seed harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

Sesame Seed Exports

Exports from Cote d'Ivoire

In 2022, approx. X tons of sesame seed were exported from Cote d'Ivoire; increasing by 20% compared with the year before. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 888%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, sesame seed exports amounted to $X in 2022. In general, exports saw a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by 1,025% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for sesame seed exports from Cote d'Ivoire, with a 71% share of total exports. Moreover, sesame seed exports to Turkey exceeded the volume sent to the second major destination, India (X tons), fourfold. China (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at +27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+13.9% per year) and China (+4.9% per year).

In value terms, Turkey ($X) remains the key foreign market for sesame seed exports from Cote d'Ivoire, comprising 76% of total exports. The second position in the ranking was taken by India ($X), with a 13% share of total exports. It was followed by the Netherlands, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled +30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+12.3% per year) and the Netherlands (-3.6% per year).

Export Prices by Country

The average sesame seed export price stood at $X per ton in 2022, falling by -6.7% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 2017 when the average export price increased by 46% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained 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 the Netherlands ($X per ton), while the average price for exports to China ($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 the Netherlands (+11.0%), while the prices for the other major destinations experienced mixed trend patterns.

Sesame Seed Imports

Imports into Cote d'Ivoire

In 2022, approx. X tons of sesame seed were imported into Cote d'Ivoire; rising by 44% against 2021 figures. Over the period under review, imports saw a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by 525%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, sesame seed imports skyrocketed to $X in 2022. In general, imports recorded resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 547% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Mali (X tons) was the main supplier of sesame seed to Cote d'Ivoire, with a 93% share of total imports. Moreover, sesame seed imports from Mali exceeded the figures recorded by the second-largest supplier, Lebanon (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Mali stood at +31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+89.8% per year) and Burkina Faso (-14.1% per year).

In value terms, Mali ($X) constituted the largest supplier of sesame seed to Cote d'Ivoire, comprising 61% of total imports. The second position in the ranking was taken by Burkina Faso ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Mali totaled +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Burkina Faso (-6.5% per year) and Lebanon (+102.8% per year).

Import Prices by Country

In 2022, the average sesame seed import price amounted to $X per ton, growing by 2.8% against the previous year. Overall, the import price, however, recorded a deep slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by 85% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat 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 Burkina Faso ($X per ton), while the price for Mali ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform