Report Update Nov 1, 2024

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

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Romania: Sesame Oil Market 2024

Sesame Oil Market Size in Romania

The Romanian sesame oil market skyrocketed to $X in 2021, with an increase of 61% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a remarkable increase. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Sesame Oil Exports

Exports from Romania

In 2021, approx. X tons of sesame oil were exported from Romania; falling by -30.5% compared with the previous year's figure. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2016 when exports increased by 2,914%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, sesame oil exports shrank sharply to $X in 2021. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 680%. Over the period under review, the exports hit record highs at $X in 2020, and then contracted markedly in the following year.

Exports by Country

Greece (X kg), Spain (X kg) and Italy (X kg) were the main destinations of sesame oil exports from Romania, together comprising 91% of total exports.

From 2015 to 2021, the biggest increases were in Greece (with a CAGR of +137.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X) remains the key foreign market for sesame oil exports from Romania, comprising 71% of total exports. The second position in the ranking was held by Moldova ($X), with a 14% share of total exports. It was followed by Spain, with a 9.2% share.

From 2015 to 2021, the average annual growth rate of value to Greece amounted to -40.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+69.9% per year) and Spain (+48.2% per year).

Export Prices by Country

In 2021, the average sesame oil export price amounted to $X per ton, which is down by -11.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 273% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably country of destination: the country with the highest price was Moldova ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+15.3%), while the prices for the other major destinations experienced a decline.

Sesame Oil Imports

Imports into Romania

In 2021, approx. X tons of sesame oil were imported into Romania; picking up by 42% against 2020 figures. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 84% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, sesame oil imports soared to $X in 2021. In general, imports posted a strong increase. The pace of growth was the most pronounced in 2015 when imports increased by 93% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

The Netherlands (X tons), Austria (X tons) and France (X tons) were the main suppliers of sesame oil imports to Romania, with a combined 70% share of total imports. These countries were followed by China, Ukraine, Germany, Bulgaria and the Czech Republic, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were in Bulgaria (with a CAGR of +148.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Austria ($X) and France ($X) appeared to be the largest sesame oil suppliers to Romania, together comprising 66% of total imports. China, Germany, Ukraine, Bulgaria and the Czech Republic lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Bulgaria, with a CAGR of +208.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average sesame oil import price amounted to $X per ton, increasing by 17% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sesame oil import price increased by +101.5% against 2014 indices. The most prominent rate of growth was recorded in 2015 an increase of 50% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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, together accounting for 49% 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 accounting for a further 32%.

What are the leading suppliers of sesame oil to Romania?

In value terms, the Netherlands, Austria and France were the largest sesame oil suppliers to Romania, together accounting for 66% of total imports. These countries were followed by China, Germany, Ukraine and Bulgaria, which together accounted for a further 23%.

What are the leading importers of sesame oil from Romania?

In value terms, Greece remains the key foreign market for sesame oil exports from Romania, comprising 71% of total exports. The second position in the ranking was occupied by Moldova, with a 14% share of total exports. It was followed by Spain, with a 9.2% share.

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

In 2021, the average sesame oil export price amounted to $6,173 per ton, picking up by 47% against the previous year.

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

In 2021, the average sesame oil import price amounted to $7,483 per ton, with an increase of 46% against the previous year.

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

Romania

Data coverage:

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