Sudan: Sesame Oil Market 2024

Sesame Oil Market Size in Sudan

The Sudanese sesame oil market rose notably to $X in 2021, with an increase of 9.6% against the previous year. In general, consumption, however, saw a deep reduction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Sesame Oil Production in Sudan

In value terms, sesame oil production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 174%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Sesame Oil Exports

Exports from Sudan

In 2021, after two years of growth, there was significant decline in overseas shipments of sesame oil, when their volume decreased by -16.6% to X tons. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 451%. The exports peaked at X tons in 2020, and then contracted remarkably in the following year.

In value terms, sesame oil exports shrank to $X in 2021. In general, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 568%. Over the period under review, the exports attained the peak figure at $X in 2020, and then shrank in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for sesame oil exports from Sudan, with a 55% share of total exports. Moreover, sesame oil exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia totaled +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+22.6% per year) and the UK (+12.8% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for sesame oil exports from Sudan, comprising 48% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 16% share of total exports. It was followed by the UK, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia amounted to +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+24.1% per year) and the UK (+14.6% per year).

Export Prices by Country

In 2021, the average sesame oil export price amounted to $X per ton, with an increase of 5.1% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 21%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United States (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sesame Oil Imports

Imports into Sudan

In 2021, overseas purchases of sesame oil increased by 80% to X tons, rising for the third consecutive year after two years of decline. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by 4,663%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, sesame oil imports surged to $X in 2021. Over the period under review, imports saw a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 2,183% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest sesame oil supplier to Sudan, accounting for a 83% share of total imports. Moreover, sesame oil imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), eightfold. The third position in this ranking was held by the UK (X tons), with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at +55.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (0.0% per year) and the UK (0.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of sesame oil to Sudan, comprising 75% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 9.9% share of total imports. It was followed by the UK, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +34.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+648.7% per year) and the UK (0.0% per year).

Import Prices by Country

The average sesame oil import price stood at $X per ton in 2021, declining by -4.7% against the previous year. Overall, the import price recorded a deep slump. The growth pace was the most rapid in 2018 an increase of 83%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+48.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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