Germany: Sesame Oil Market 2024

Sesame Oil Market Size in Germany

The German sesame oil market expanded notably to $X in 2022, picking up by 5.6% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Sesame oil consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sesame Oil Production in Germany

In value terms, sesame oil production rose to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 18% against the previous year. Sesame oil production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Sesame Oil Exports

Exports from Germany

In 2022, overseas shipments of sesame oil decreased by -5.2% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.2% 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 with an increase of 24%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, sesame oil exports fell to $X in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Switzerland (X tons), France (X tons) and Austria (X tons) were the main destinations of sesame oil exports from Germany, with a combined 42% share of total exports. Poland, the Netherlands, Italy, Belgium, the UK, the Czech Republic, Denmark, Spain and the United States lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +29.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sesame oil exported from Germany were Switzerland ($X), Austria ($X) and France ($X), with a combined 41% share of total exports. Poland, the Netherlands, Belgium, Italy, the UK, Denmark, the Czech Republic, Spain and the United States lagged somewhat behind, together comprising a further 44%.

Belgium, with a CAGR of +32.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, waning by -5.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. The export price peaked 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 Belgium ($X per ton), while the average price for exports to the Czech Republic ($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 Spain (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sesame Oil Imports

Imports into Germany

For the third consecutive year, Germany recorded growth in purchases abroad of sesame oil, which increased by 4.5% to X tons in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, sesame oil imports rose slightly to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.5% against 2017 indices. The growth pace was the most rapid in 2020 when imports increased by 16%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Mexico (X tons), the Netherlands (X tons) and the UK (X tons) were the main suppliers of sesame oil imports to Germany, together comprising 58% of total imports. France, Taiwan (Chinese), China, the United States, the Czech Republic, South Korea, India, Japan, Singapore and Belgium lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +143.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), the Netherlands ($X) and France ($X) were the largest sesame oil suppliers to Germany, with a combined 57% share of total imports. The UK, China, Taiwan (Chinese), South Korea, the United States, Singapore, Japan, India, the Czech Republic and Belgium lagged somewhat behind, together accounting for a further 36%.

The Czech Republic, with a CAGR of +90.4%, saw the highest growth rate of 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, stabilizing at the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 13% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 Singapore ($X per ton), while the price for the Czech Republic ($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 (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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