Hungary: Sesame Oil Market 2025

Sesame Oil Market Size in Hungary

The Hungarian sesame oil market dropped rapidly to $X in 2021, reducing by -63.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a noticeable decrease. As a result, consumption attained the peak level of $X, and then fell rapidly in the following year.

Sesame Oil Exports

Exports from Hungary

Sesame oil exports from Hungary soared to X tons in 2021, growing by 707% on the previous year's figure. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 150,340% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sesame oil exports soared to $X in 2021. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2016 when exports increased by 25,894% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Portugal (X tons) was the main destination for sesame oil exports from Hungary, with a 96% share of total exports. It was followed by Germany (X kg), with a 2.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Portugal totaled +133.5%.

In value terms, Portugal ($X) emerged as the key foreign market for sesame oil exports from Hungary, comprising 84% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Portugal totaled +123.1%.

Export Prices by Country

The average sesame oil export price stood at $X per ton in 2021, shrinking by -59.4% against the previous year. In general, the export price, however, posted notable growth. The most prominent rate of growth was recorded in 2017 an increase of 353% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Portugal amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

Sesame Oil Imports

Imports into Hungary

Sesame oil imports into Hungary fell remarkably to X tons in 2021, declining by -67% compared with the year before. In general, imports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 92% against the previous year. As a result, imports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, sesame oil imports declined remarkably to $X in 2021. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 when imports increased by 55%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Egypt (X tons), France (X tons) and China (X tons) were the main suppliers of sesame oil imports to Hungary, together accounting for 75% of total imports. Poland, South Korea, Germany, India and the Netherlands lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +38.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Egypt ($X) and Poland ($X) constituted the largest sesame oil suppliers to Hungary, together comprising 66% of total imports. These countries were followed by South Korea, China, Germany, India and the Netherlands, which together accounted for a further 23%.

India, with a CAGR of +28.8%, recorded 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

The average sesame oil import price stood at $X per ton in 2021, with an increase of 74% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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