Nigeria: Sesame Oil Market 2025

Sesame Oil Market Size in Nigeria

In 2021, the Nigerien sesame oil market decreased by -1.7% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption continues to indicate a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Sesame Oil Production in Nigeria

In value terms, sesame oil production shrank modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when the production volume increased by 513% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Sesame Oil Exports

Exports from Nigeria

Sesame oil exports from Nigeria expanded markedly to X tons in 2021, picking up by 7.1% compared with the previous year. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 98,381% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sesame oil exports rose to $X in 2021. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 25,657%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for sesame oil exports from Nigeria, accounting for a 79% share of total exports. Moreover, sesame oil exports to China exceeded the volume sent to the second major destination, Japan (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to China totaled +55.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+36.3% per year) and Hong Kong SAR (0.0% per year).

In value terms, China ($X) remains the key foreign market for sesame oil exports from Nigeria, comprising 81% of total exports. The second position in the ranking was held by Japan ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China amounted to +51.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+21.5% per year) and Hong Kong SAR (0.0% per year).

Export Prices by Country

The average sesame oil export price stood at $X per ton in 2021, falling by -2.4% against the previous year. Over the period under review, the export price saw a noticeable decrease. The most prominent rate of growth was recorded in 2013 an increase of 256% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Japan ($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 China (-2.4%).

Sesame Oil Imports

Imports into Nigeria

In 2021, approx. X tons of sesame oil were imported into Nigeria; with a decrease of -88.5% against 2020. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 2,322%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, sesame oil imports fell markedly to $X in 2021. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 1,880% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Lebanon (X tons), China (X tons) and the United Arab Emirates (X kg) were the main suppliers of sesame oil imports to Nigeria, together comprising 100% of total imports.

From 2013 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lebanon (with a CAGR of +46.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lebanon ($X), China ($X) and the United Arab Emirates ($X) constituted the largest sesame oil suppliers to Nigeria, with a combined 100% share of total imports.

Lebanon, with a CAGR of +30.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average sesame oil import price amounted to $X per ton, with an increase of 45% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 138%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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