Netherlands: Sesame Oil Market 2024

Sesame Oil Market Size in the Netherlands

In 2021, after two years of decline, there was significant growth in the Dutch sesame oil market, when its value increased by 37% to $X. In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Sesame Oil Production in the Netherlands

In value terms, sesame oil production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 62% against the previous year. Sesame oil production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Sesame Oil Exports

Exports from the Netherlands

In 2021, approx. X tons of sesame oil were exported from the Netherlands; surging by 30% against 2020. Overall, exports saw a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 59% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, sesame oil exports surged to $X in 2021. Over the period under review, exports recorded a strong increase. The growth pace was the most rapid in 2014 with an increase of 50%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for sesame oil exports from the Netherlands, with a 49% share of total exports. Moreover, sesame oil exports to Germany exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was taken by Belgium (X tons), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.3% per year) and Belgium (+2.7% per year).

In value terms, Germany ($X) remains the key foreign market for sesame oil exports from the Netherlands, comprising 41% of total exports. The second position in the ranking was held by France ($X), with a 14% share of total exports. It was followed by Belgium, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+14.3% per year) and Belgium (+7.9% per year).

Export Prices by Country

In 2021, the average sesame oil export price amounted to $X per ton, surging by 1.8% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per ton), while the average price for exports to Germany ($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 France (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sesame Oil Imports

Imports into the Netherlands

In 2021, sesame oil imports into the Netherlands surged to X tons, growing by 54% compared with the previous year's figure. Over the period under review, imports recorded a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 59% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, sesame oil imports skyrocketed to $X in 2021. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 53% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Mexico (X tons) constituted the largest sesame oil supplier to the Netherlands, accounting for a 39% share of total imports. Moreover, sesame oil imports from Mexico exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Singapore (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico totaled +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.6% per year) and Singapore (+9.6% per year).

In value terms, Mexico ($X) constituted the largest supplier of sesame oil to the Netherlands, comprising 35% of total imports. The second position in the ranking was taken by Singapore ($X), with an 11% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Mexico amounted to +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+11.4% per year) and India (+16.5% per year).

Import Prices by Country

The average sesame oil import price stood at $X per ton in 2021, which is down by -5.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2013 an increase of 24% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 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 Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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