Report Update Nov 1, 2024

Kenya - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Sesame Oil Market 2024

Sesame Oil Market Size in Kenya

In 2021, the Kenyan sesame oil market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a pronounced increase. Sesame oil consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Sesame Oil Production in Kenya

In value terms, sesame oil production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 56% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Sesame Oil Exports

Exports from Kenya

Sesame oil exports from Kenya reduced markedly to X tons in 2021, with a decrease of -42.7% on the previous year's figure. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 680% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, sesame oil exports contracted significantly to $X in 2021. Over the period under review, exports recorded a deep downturn. The pace of growth was the most pronounced in 2020 when exports increased by 1,017%. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Belgium (X tons), France (X tons) and the UK (X tons) were the main destinations of sesame oil exports from Kenya, together accounting for 79% of total exports.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +85.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the UK ($X) and France ($X) constituted the largest markets for sesame oil exported from Kenya worldwide, together comprising 87% of total exports.

In terms of the main countries of destination, France, with a CAGR of +69.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average sesame oil export price amounted to $X per ton, shrinking by -17% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 193%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average 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 ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sesame Oil Imports

Imports into Kenya

In 2021, after three years of growth, there was significant decline in purchases abroad of sesame oil, when their volume decreased by -49.9% to X tons. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 224% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, sesame oil imports shrank rapidly to $X in 2021. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2015 when imports increased by 181%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Uganda (X tons) was the main sesame oil supplier to Kenya, with a 97% share of total imports. It was followed by China (X kg), with a 1.7% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Uganda amounted to -19.1%.

In value terms, Uganda ($X) constituted the largest supplier of sesame oil to Kenya, comprising 95% of total imports. The second position in the ranking was held by China ($X), with a 3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Uganda totaled -14.5%.

Import Prices by Country

In 2021, the average sesame oil import price amounted to $X per ton, picking up by 15% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sesame oil import price increased by +54.2% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 49%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Uganda amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sesame oil in the world?

The countries with the highest volumes of sesame oil consumption in 2021 were China, Myanmar and India, with a combined 49% share of global consumption. Japan, Turkey, Tanzania, Uganda, Nigeria, South Sudan, Saudi Arabia, Mexico, South Korea and Iran lagged somewhat behind, together comprising a further 30%.

What are the largest producers of sesame oil in the world?

The countries with the highest volumes of sesame oil production in 2021 were China, Myanmar and India, with a combined 51% share of global production. These countries were followed by Japan, Nigeria, Turkey, Tanzania, Uganda, Mexico, South Sudan, Saudi Arabia, South Korea and Sudan, which together accounted for a further 32%.

What are the leading suppliers of sesame oil to Kenya?

In value terms, Uganda constituted the largest supplier of sesame oil to Kenya, comprising 93% of total imports. The second position in the ranking was occupied by China $968), with a 3% share of total imports.

What are the leading importers of sesame oil from Kenya?

In value terms, the Netherlands, Belgium and the United States appeared to be the largest markets for sesame oil exported from Kenya worldwide, together accounting for 92% of total exports. Uganda lagged somewhat behind, accounting for a further 0.7%.

What is the average export price for sesame oil in Kenya?

In 2021, the average sesame oil export price amounted to $3,071 per ton, with a decrease of -29.1% against the previous year.

What is the average import price for sesame oil in Kenya?

The average sesame oil import price stood at $2,887 per ton in 2021, growing by 29% against the previous year.

This report provides an in-depth analysis of the sesame oil market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 290 - Oil of Sesame Seed

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023