Southern Asia: Sesame Seed Market 2024

Sesame Seed Market Size in Southern Asia

In 2022, the South Asian sesame seed market decreased by -7.3% to $X, falling for the third year in a row after two years of growth. The total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Sesame Seed Production in Southern Asia

In value terms, sesame seed production dropped slightly to $X in 2022 estimated in export price. The total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 46% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of sesame seed production was India (X tons), comprising approx. 79% of total volume. Moreover, sesame seed production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), sixfold. The third position in this ranking was held by Afghanistan (X tons), with a 4.1% share.

In India, sesame seed production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (+14.7% per year) and Afghanistan (+1.8% per year).

In 2022, the average yield of sesame seed in Southern Asia dropped to X kg per ha, falling by -8.7% compared with 2021 figures. The yield figure increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 14% against the previous year. The level of yield peaked at X kg per ha in 2018; however, from 2019 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sesame seed in Southern Asia dropped to X ha, reducing by -6.1% against the year before. Overall, the harvested area, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 15% against the previous year. Over the period under review, the harvested area dedicated to sesame seed production reached the maximum at X ha in 2021, and then declined in the following year.

Sesame Seed Exports

Exports in Southern Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of sesame seed, when their volume decreased by -19.1% to X tons. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. As a result, the exports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, sesame seed exports shrank to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 28%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

India was the main exporting country with an export of about X tons, which resulted at 66% of total exports. It was distantly followed by Pakistan (X tons), comprising a 27% share of total exports. The following exporters - Bangladesh (X tons) and Sri Lanka (X tons) - together made up 6.1% of total exports.

From 2012 to 2022, average annual rates of growth with regard to sesame seed exports from India stood at -3.3%. At the same time, Pakistan (+15.9%), Sri Lanka (+14.0%) and Bangladesh (+4.0%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +15.9% from 2012-2022. Pakistan (+21 p.p.) and Sri Lanka (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -21.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest sesame seed supplier in Southern Asia, comprising 71% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 24% share of total exports. It was followed by Bangladesh, with a 2.5% share.

In India, sesame seed exports contracted by an average annual rate of -2.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (+16.8% per year) and Bangladesh (+5.6% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, rising by 12% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 34% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+2.0%), while the other leaders experienced more modest paces of growth.

Sesame Seed Imports

Imports in Southern Asia

In 2022, supplies from abroad of sesame seed decreased by -7.9% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 when imports increased by 611%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sesame seed imports expanded remarkably to $X in 2022. Over the period under review, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 800% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India prevails in imports structure, reaching X tons, which was near 87% of total imports in 2022. It was distantly followed by Nepal (X tons), mixing up a 9.1% share of total imports. Bangladesh (X tons) took a relatively small share of total imports.

Imports into India increased at an average annual rate of +9.0% from 2012 to 2022. At the same time, Bangladesh (+67.7%) and Nepal (+11.2%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +67.7% from 2012-2022. While the share of Bangladesh (+3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-4.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported sesame seed in Southern Asia, comprising 91% of total imports. The second position in the ranking was held by Nepal ($X), with a 6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +10.7%. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (+12.4% per year) and Bangladesh (+61.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, jumping by 16% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 +16.6% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the import price increased by 40% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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