Report Update Nov 1, 2024

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

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Myanmar: Sesame Oil Market 2024

Sesame Oil Market Size in Myanmar

The Myanmar's sesame oil market declined to $X in 2022, reducing by -4.6% against the previous year. Over the period under review, consumption, however, saw a abrupt curtailment. Sesame oil consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Sesame Oil Production in Myanmar

In value terms, sesame oil production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of 52% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Sesame Oil Exports

Exports from Myanmar

Sesame oil exports from Myanmar fell dramatically to X tons in 2022, with a decrease of -79.6% on 2021. Overall, exports recorded a dramatic contraction. The pace of growth appeared the most rapid in 2018 with an increase of 764%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, sesame oil exports declined significantly to $X in 2022. Over the period under review, exports showed a sharp downturn. The growth pace was the most rapid in 2018 when exports increased by 652%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for sesame oil exports from Myanmar, accounting for a 98% share of total exports. It was followed by Japan (X kg), with a 1.9% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to South Korea stood at -11.8%.

In value terms, South Korea ($X) remains the key foreign market for sesame oil exports from Myanmar, comprising 67% of total exports. The second position in the ranking was taken by Japan ($X), with a 33% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to South Korea amounted to -17.0%.

Export Prices by Country

The average sesame oil export price stood at $X per ton in 2022, jumping by 32% against the previous year. In general, the export price, however, saw a slight decline. The pace of growth appeared the most rapid in 2021 an increase of 46%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to South Korea amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+37.6%), while the prices for the other major destinations experienced a decline.

Sesame Oil Imports

Imports into Myanmar

Sesame oil imports into Myanmar reduced notably to X kg in 2022, which is down by -97.7% on the previous year's figure. Overall, imports saw a significant decrease. The pace of growth was the most pronounced in 2020 with an increase of 393% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, sesame oil imports declined rapidly to $X in 2022. Over the period under review, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 459%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X kg) was the main sesame oil supplier to Myanmar, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea amounted to +26.3%.

In value terms, South Korea ($X) constituted the largest supplier of sesame oil to Myanmar.

From 2012 to 2022, the average annual growth rate of value from South Korea stood at +17.9%.

Import Prices by Country

The average sesame oil import price stood at $X per ton in 2022, shrinking by -2.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 13%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for South Korea.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +18.3% per year.

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. These countries were followed by Japan, Turkey, Tanzania, Uganda, Nigeria, South Sudan, Saudi Arabia, Mexico, South Korea and Iran, which together accounted for 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. Japan, Nigeria, Turkey, Tanzania, Uganda, Mexico, South Sudan, Saudi Arabia, South Korea and Sudan lagged somewhat behind, together comprising a further 32%.

What are the leading suppliers of sesame oil to Myanmar?

In value terms, Singapore, Thailand and Japan constituted the largest sesame oil suppliers to Myanmar, with a combined 98% share of total imports.

What are the leading importers of sesame oil from Myanmar?

In value terms, South Korea emerged as the key foreign market for sesame oil exports from Myanmar, comprising 49% of total exports. The second position in the ranking was occupied by Singapore, with a 24% share of total exports. It was followed by Taiwan Chinese), with a 15% share.

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

In 2021, the average sesame oil export price amounted to $3,517 per ton, surging by 29% against the previous year.

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

In 2021, the average sesame oil import price amounted to $7,656 per ton, with a decrease of -3% against the previous year.

This report provides an in-depth analysis of the sesame oil market in Myanmar. 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:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
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