Eritrea: Sesame Oil Market 2020

Sesame Oil Market Size in Eritrea

The revenue of the sesame oil market in Eritrea amounted to $X in 2018, dropping by -X% against the previous year. In general, sesame oil consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, the sesame oil market reached its peak figure level at $X in 2010; however, from 2011 to 2018, consumption failed to regain its momentum.

Sesame Oil Production in Eritrea

In value terms, sesame oil production totaled $X in 2018 estimated in export prices. Over the period under review, sesame oil production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when production volume increased by X% against the previous year. Over the period under review, sesame oil production attained its peak figure level at $X in 2010; however, from 2011 to 2018, production failed to regain its momentum.

Sesame Oil Exports

Exports by Country

India (X tons), Mexico (X tons) and Japan (X tons) represented roughly X% of total exports of sesame oil in 2018. Taiwan, Chinese (X tons) held the next position in the ranking, followed by China (X tons) and Singapore (X tons). All these countries together occupied approx. X% share of total exports. Bangladesh (X tons), Vietnam (X tons), Germany (X tons), the U.S. (X tons), the Netherlands (X tons) and Tanzania (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, the largest sesame oil markets from Eritrea were Japan ($X), Mexico ($X) and India ($X), together accounting for X% of total exports.

India experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the sesame oil export price in Eritrea amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the sesame oil export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Japan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Sesame Oil Imports

Imports into Eritrea

Sesame oil imports into Eritrea amounted to X kg in 2018, picking up by X% against the previous year. Overall, sesame oil imports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. In that year, sesame oil imports attained their peak of X kg. From 2011 to 2018, the growth of sesame oil imports remained at a somewhat lower figure.

In value terms, sesame oil imports amounted to $X in 2018. In general, sesame oil imports continue to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. In that year, sesame oil imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

The U.S. represented the main importing country with an import of around X tons, which resulted at X% of total imports. Taiwan, Chinese (X tons) took the second position in the ranking, followed by the UK (X tons) and Japan (X tons). All these countries together took near X% share of total imports. Canada (X tons), Mexico (X tons), Singapore (X tons), China, Hong Kong SAR (X tons), Germany (X tons), Australia (X tons), the Netherlands (X tons) and France (X tons) occupied a relatively small share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Taiwan, Chinese (+X%), Mexico (+X%), Singapore (+X%), Australia (+X%), France (+X%), Canada (+X%), Germany (+X%), the Netherlands (+X%), Japan (+X%) and the UK (+X%) displayed positive paces of growth. Moreover, Taiwan, Chinese emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., Taiwan, Chinese, Mexico, Singapore, Canada and Australia increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while China, Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported sesame oil into Eritrea, comprising X% of global imports. The second position in the ranking was occupied by Canada ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

In the U.S., sesame oil imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Canada (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2018, the sesame oil import price in Eritrea amounted to $X per ton, jumping by X% against the previous year. In general, the sesame oil import price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. Eritrea import price peaked in 2018 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Australia ($X per ton), while Taiwan, Chinese ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform