Finland: Sesame Seed Market 2025

Sesame Seed Market Size in Finland

In 2022, the Finnish sesame seed market decreased by -24.5% to $X, falling for the second year in a row after four years of growth. Overall, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -36.7% against 2020 indices. Sesame seed consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sesame Seed Exports

Exports from Finland

In 2022, shipments abroad of sesame seed increased by 104% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports saw buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 390% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, sesame seed exports soared to $X in 2022. In general, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by 238% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Sweden (X tons) was the main destination for sesame seed exports from Finland, accounting for a 67% share of total exports. Moreover, sesame seed exports to Sweden exceeded the volume sent to the second major destination, Poland (X tons), twofold. Estonia (X kg) ranked third in terms of total exports with a 0.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and Estonia (-32.6% per year).

In value terms, Sweden ($X) emerged as the key foreign market for sesame seed exports from Finland, comprising 68% of total exports. The second position in the ranking was held by Poland ($X), with a 32% share of total exports. It was followed by Estonia, with a 0.5% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and Estonia (-25.5% per year).

Export Prices by Country

In 2022, the average sesame seed export price amounted to $X per ton, with an increase of 14% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price 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, sesame seed export price decreased by -21.1% against 2020 indices. The growth pace was the most rapid in 2017 when the average export price increased by 98% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Russia ($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 Estonia (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sesame Seed Imports

Imports into Finland

In 2022, approx. X tons of sesame seed were imported into Finland; waning by -15.5% against the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 44% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, sesame seed imports reduced dramatically to $X in 2022. In general, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 52%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X tons) constituted the largest sesame seed supplier to Finland, accounting for a 62% share of total imports. Moreover, sesame seed imports from Nigeria exceeded the figures recorded by the second-largest supplier, India (X tons), ninefold. Mexico (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from Nigeria amounted to +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-5.7% per year) and Mexico (+25.8% per year).

In value terms, Nigeria ($X) constituted the largest supplier of sesame seed to Finland, comprising 51% of total imports. The second position in the ranking was held by Sweden ($X), with a 14% share of total imports. It was followed by India, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from Nigeria stood at +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+4.8% per year) and India (-6.7% per year).

Import Prices by Country

In 2022, the average sesame seed import price amounted to $X per ton, dropping by -1.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2013 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Sweden ($X per ton), while the price for Nigeria ($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 (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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