Honduras: Sesame Oil Market 2020

Sesame Oil Market Size in Honduras

The revenue of the sesame oil market in Honduras amounted to $X in 2018, surging by X% against the previous year. Over the period under review, sesame oil consumption continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Honduras sesame oil consumption peaked at $X in 2009; however, from 2010 to 2018, consumption remained at a lower figure.

Sesame Oil Production in Honduras

In value terms, sesame oil production amounted to $X in 2018 estimated in export prices. Over the period under review, sesame oil production continues to indicate strong growth. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, sesame oil production attained its maximum level at $X in 2009; however, from 2010 to 2018, production remained at a lower figure.

Sesame Oil Exports

Exports from Honduras

In 2017, the amount of sesame oil exported from Honduras totaled X kg, falling by -X% against the previous year. In general, sesame oil exports continue to indicate a precipitous deduction. The pace of growth appeared the most rapid in 2017 when exports decreased by -X% y-o-y. Over the period under review, sesame oil exports reached their maximum at X kg in 2016, and then declined slightly in the following year.

In value terms, sesame oil exports amounted to $X in 2017. Over the period under review, sesame oil exports continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2017 with a decrease of -X% y-o-y. Over the period under review, sesame oil exports attained their peak figure at $X in 2016, and then declined slightly in the following year.

Exports by Country

The exports of the three major exporters of sesame oil, namely India, Mexico and Japan, represented more than third of total export. Taiwan, Chinese (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by China (X%) and Singapore (X%). Bangladesh (X tons), Vietnam (X tons), Germany (X tons), the U.S. (X tons), the Netherlands (X tons) and Tanzania (X tons) held a relatively small share of total exports.

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 Honduras were Japan ($X), Mexico ($X) and India ($X), together comprising X% of total exports.

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

Export Prices by Country

In 2018, the sesame oil export price in Honduras amounted to $X per ton, going down by -X% against the previous year. Overall, the sesame oil export price continues to indicate a perceptible decline. Honduras export price peaked at $X per ton in 2016; however, from 2017 to 2018, export prices failed to regain their momentum.

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 Honduras

In 2018, the amount of sesame oil imported into Honduras amounted to X kg, declining by -X% against the previous year. Overall, sesame oil imports continue to indicate a mild contraction. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, sesame oil imports attained their maximum at X kg in 2014; however, from 2015 to 2018, imports remained at a lower figure.

In value terms, sesame oil imports totaled $X in 2018. In general, sesame oil imports continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. In that year, sesame oil imports attained their peak of $X. From 2014 to 2018, the growth of sesame oil imports failed to regain its momentum.

Imports by Country

The U.S. was the main importing country with an import of around X tons, which amounted to X% of total imports. Taiwan, Chinese (X tons) ranks second in terms of the total imports with a X% share, followed by the UK (X%) and Japan (X%). 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) took a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to sesame oil imports into the U.S. stood at +X%. 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. ($X) constitutes the largest market for imported sesame oil into Honduras, comprising X% of global imports. The second position in the ranking was occupied by Canada ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Canada (+X% per year) and the UK (+X% per year).

Import Prices by Country

The sesame oil import price in Honduras stood at $X per ton in 2018, growing by X% against the previous year. Over the period under review, the sesame oil import price continues to indicate resilient growth. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. In that year, the import prices for sesame oil attained their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; 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