Latvia: Sesame Seed Market 2025

Sesame Seed Market Size in Latvia

The Latvian sesame seed market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption continues to indicate resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sesame Seed Exports

Exports from Latvia

In 2022, approx. X tons of sesame seed were exported from Latvia; rising by 85% on the previous year's figure. In general, exports recorded a mild increase. The growth pace was the most rapid in 2018 with an increase of 297%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, sesame seed exports skyrocketed to $X in 2022. Overall, exports showed a perceptible increase. The most prominent rate of growth was recorded in 2018 when exports increased by 253%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Romania (X tons) was the main destination for sesame seed exports from Latvia, with a 52% share of total exports. Moreover, sesame seed exports to Romania exceeded the volume sent to the second major destination, Lithuania (X tons), threefold. The third position in this ranking was taken by Estonia (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Romania totaled +40.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-7.6% per year) and Estonia (+5.7% per year).

In value terms, Romania ($X) emerged as the key foreign market for sesame seed exports from Latvia, comprising 52% of total exports. The second position in the ranking was taken by Estonia ($X), with a 16% share of total exports. It was followed by Lithuania, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Romania amounted to +50.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+8.5% per year) and Lithuania (-5.2% per year).

Export Prices by Country

In 2022, the average sesame seed export price amounted to $X per ton, shrinking by -18.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 42%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then declined rapidly in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Estonia ($X per ton) and Ukraine ($X per ton), while the average price for exports to Greece ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sesame Seed Imports

Imports into Latvia

After two years of decline, supplies from abroad of sesame seed increased by 94% to X tons in 2022. In general, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sesame seed imports soared to $X in 2022. Overall, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), Germany (X tons) and Lithuania (X tons) were the main suppliers of sesame seed imports to Latvia, with a combined 94% share of total imports. Poland and Finland lagged somewhat behind, together comprising a further 5.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +125.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Germany ($X) and Lithuania ($X) constituted the largest sesame seed suppliers to Latvia, with a combined 93% share of total imports. Poland and Finland lagged somewhat behind, together accounting for a further 5.8%.

Finland, with a CAGR of +88.7%, recorded the highest growth rate of the value of imports, in terms of 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 seed import price stood at $X per ton in 2022, increasing by 4.3% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 +66.7% against 2016 indices. The pace of growth was the most pronounced in 2013 an increase of 41%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Poland ($X per ton) and Germany ($X per ton), while the price for India ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform