Southern Asia: Sesame Oil Market 2024

Sesame Oil Market Size in Southern Asia

The South Asian sesame oil market contracted modestly to $X in 2022, which is down by -2.1% against the previous year. Overall, consumption showed a slight decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Sesame Oil Production in Southern Asia

In value terms, sesame oil production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 39% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Sesame Oil Exports

Exports in Southern Asia

In 2022, after two years of growth, there was decline in shipments abroad of sesame oil, when their volume decreased by -0.9% to X tons. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +162.7% against 2012 indices. The pace of growth appeared the most rapid in 2013 with an increase of 65%. The volume of export peaked at X tons in 2021, and then dropped modestly in the following year.

In value terms, sesame oil exports reached $X in 2022. Overall, exports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2013 when exports increased by 116%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

India represented the largest exporting country with an export of around X tons, which resulted at 83% of total exports. It was distantly followed by Bangladesh (X tons), achieving a 17% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sesame oil exports from India stood at +8.9%. At the same time, Bangladesh (+22.3%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +22.3% from 2012-2022. From 2012 to 2022, the share of Bangladesh increased by +11 percentage points.

In value terms, India ($X) remains the largest sesame oil supplier in Southern Asia, comprising 88% of total exports. The second position in the ranking was taken by Bangladesh ($X), with an 11% share of total exports.

In India, sesame oil exports expanded at an average annual rate of +13.9% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, surging by 3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Bangladesh amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.6%).

Sesame Oil Imports

Imports in Southern Asia

In 2022, supplies from abroad of sesame oil decreased by -59.4% to X tons, falling for the third year in a row after two years of growth. In general, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 1,570% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sesame oil imports fell remarkably to $X in 2022. Overall, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2013 when imports increased by 567% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

India was the major importer of sesame oil in Southern Asia, with the volume of imports resulting at X tons, which was approx. 43% of total imports in 2022. Bangladesh (X tons) took the second position in the ranking, distantly followed by Sri Lanka (X tons), Pakistan (X tons) and Nepal (X tons). All these countries together took near 50% share of total imports. Maldives (X tons) and Bhutan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bhutan (with a CAGR of +53.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported sesame oil in Southern Asia, comprising 66% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 13% share of total imports. It was followed by Sri Lanka, with a 9.3% share.

In India, sesame oil imports increased at an average annual rate of +12.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+28.5% per year) and Sri Lanka (-7.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, rising by 57% against the previous year. Over the period under review, the import price recorded a moderate increase. The pace of growth was the most pronounced in 2015 an increase of 125%. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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