Denmark: Sesame Oil Market 2024

Sesame Oil Market Size in Denmark

The Danish sesame oil market was estimated at $X in 2022, increasing by 8.9% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Sesame Oil Production in Denmark

In value terms, sesame oil production shrank to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of 16%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Sesame Oil Exports

Exports from Denmark

In 2022, overseas shipments of sesame oil decreased by -20.6% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 146% against the previous year. The exports peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, sesame oil exports soared to $X in 2022. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 111%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Norway (X tons), Finland (X tons) and Sweden (X tons) were the main destinations of sesame oil exports from Denmark, with a combined 98% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +55.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sesame oil exported from Denmark were Finland ($X), Norway ($X) and Sweden ($X), together comprising 95% of total exports.

Among the main countries of destination, Finland, with a CAGR of +49.4%, 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, with an increase of 52% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The export price peaked at $X per ton in 2012; however, from 2013 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 Finland ($X per ton), while the average price for exports to Norway ($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 Portugal (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Sesame Oil Imports

Imports into Denmark

For the third consecutive year, Denmark recorded growth in overseas purchases of sesame oil, which increased by 22% to X tons in 2022. Overall, imports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 40% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, sesame oil imports skyrocketed to $X in 2022. In general, imports saw a strong increase. The growth pace was the most rapid in 2020 when imports increased by 50% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of sesame oil imports to Denmark, with a combined 62% share of total imports. Sweden, Poland, Japan, Thailand, Spain, Italy and India lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +140.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) constituted the largest sesame oil suppliers to Denmark, with a combined 61% share of total imports. Sweden, Poland, Thailand, Japan, Spain, Italy and India lagged somewhat behind, together accounting for a further 33%.

Spain, with a CAGR of +137.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sesame oil import price amounted to $X per ton, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 32% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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