Italy: Sesame Seed Market 2024

Sesame Seed Market Size in Italy

The Italian sesame seed market contracted markedly to $X in 2022, shrinking by -22.4% against the previous year. In general, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2021, and then contracted markedly in the following year.

Sesame Seed Production in Italy

In value terms, sesame seed production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2013 with an increase of 86% against the previous year. Sesame seed production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The average yield of sesame seed in Italy rose to X tons per ha in 2022, growing by 3.2% compared with 2021 figures. Overall, the yield indicated buoyant growth from 2012 to 2022: its figure increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sesame seed yield decreased by -2.5% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the yield increased by 66%. Over the period under review, the average sesame seed yield hit record highs at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sesame seed in Italy dropped slightly to X ha, leveling off at 2021 figures. Over the period under review, the harvested area continues to indicate a slight decline. The most prominent rate of growth was recorded in 2014 when the harvested area increased by 1.1% against the previous year. The sesame seed harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Sesame Seed Exports

Exports from Italy

After three years of growth, shipments abroad of sesame seed decreased by -18.4% to X tons in 2022. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 124% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank significantly in the following year.

In value terms, sesame seed exports dropped sharply to $X in 2022. In general, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 100% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then plummeted in the following year.

Exports by Country

Greece (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of sesame seed exports from Italy, together comprising 67% of total exports. Turkey, France, Sweden, Belgium and the UK lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +463.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sesame seed exported from Italy were Germany ($X), Greece ($X) and the Netherlands ($X), with a combined 56% share of total exports. France, Turkey, Sweden, Belgium and the UK lagged somewhat behind, together accounting for a further 33%.

Turkey, with a CAGR of +737.8%, saw the highest rates of growth with regard to the value of exports, among 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

The average sesame seed export price stood at $X per ton in 2022, which is down by -5.2% against the previous year. In general, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 29% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Greece ($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 Turkey (+48.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sesame Seed Imports

Imports into Italy

In 2022, overseas purchases of sesame seed decreased by -30.4% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +3.0% 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 2015 when imports increased by 20%. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced dramatically in the following year.

In value terms, sesame seed imports declined notably to $X in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 51% against the previous year. Imports peaked at $X in 2021, and then contracted dramatically in the following year.

Imports by Country

Brazil (X tons), Turkey (X tons) and India (X tons) were the main suppliers of sesame seed imports to Italy, together accounting for 54% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +177.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sesame seed suppliers to Italy were Brazil ($X), Turkey ($X) and Germany ($X), together accounting for 52% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +165.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sesame seed import price stood at $X per ton in 2022, rising by 18% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sesame seed import price increased by +7.5% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 34%. The import price peaked at $X per ton in 2014; however, from 2015 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 Germany ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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