Panama: Sesame Seed Market 2025

Sesame Seed Market Size in Panama

The Panamanian sesame seed market reduced modestly to $X in 2022, falling by -4.6% against the previous year. Over the period under review, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.5% against 2020 indices. Sesame seed consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Sesame Seed Production in Panama

In value terms, sesame seed production fell to $X in 2022 estimated in export price. In general, production, however, posted a slight increase. The pace of growth appeared the most rapid in 2016 with an increase of 184% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

In 2022, the average yield of sesame seed in Panama reduced to X kg per ha, approximately equating the year before. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 1.2%. The sesame seed yield peaked at X kg per ha in 2021, and then reduced modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sesame seed harvested area in Panama amounted to X ha in 2022, stabilizing at the previous year. Overall, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 2.6% against the previous year. The sesame seed harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

Sesame Seed Exports

Exports from Panama

In 2022, sesame seed exports from Panama dropped to X kg, with a decrease of -5.6% on the year before. Overall, exports, however, continue to indicate a tangible expansion. The pace of growth appeared the most rapid in 2017 with an increase of 32,958% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, sesame seed exports shrank dramatically to $X in 2022. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 26,273% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X kg) was the main destination for sesame seed exports from Panama, accounting for a 100% share of total exports. It was followed by Colombia (X kg), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France stood at +12.8%.

In value terms, France ($X) remains the key foreign market for sesame seed exports from Panama, comprising 100% of total exports. The second position in the ranking was taken by Colombia ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +16.7%.

Export Prices by Country

In 2022, the average sesame seed export price amounted to $X per ton, dropping by -20.8% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 an increase of 90% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Colombia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.4%).

Sesame Seed Imports

Imports into Panama

In 2022, approx. X tons of sesame seed were imported into Panama; shrinking by -1.8% compared with the previous year's figure. In general, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 2,565%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sesame seed imports expanded sharply to $X in 2022. Overall, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 2,836%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Guatemala (X tons) constituted the largest supplier of sesame seed to Panama, with a 63% share of total imports. Moreover, sesame seed imports from Guatemala exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Guatemala stood at +205.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+130.9% per year) and the United States (+78.8% per year).

In value terms, Guatemala ($X) constituted the largest supplier of sesame seed to Panama, comprising 57% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Guatemala stood at +243.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+146.1% per year) and the United States (+101.7% per year).

Import Prices by Country

The average sesame seed import price stood at $X per ton in 2022, rising by 12% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% 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 +51.5% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 31%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform