Ukraine: Sesame Oil Market 2024

Sesame Oil Market Size in Ukraine

The Ukrainian sesame oil market skyrocketed to $X in 2021, jumping by 15% against the previous year. Overall, consumption recorded a strong increase. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the near future.

Sesame Oil Production in Ukraine

In value terms, sesame oil production reduced to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 35%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Sesame Oil Exports

Exports from Ukraine

In 2021, exports of sesame oil from Ukraine shrank to X tons, falling by -5.4% compared with 2020 figures. In general, exports, however, recorded a mild increase. The pace of growth was the most pronounced in 2018 when exports increased by 79%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, sesame oil exports rose slightly to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 73% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Lithuania (X tons), the United Arab Emirates (X tons) and Romania (X tons) were the main destinations of sesame oil exports from Ukraine, together accounting for 61% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +73.0%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X) remains the key foreign market for sesame oil exports from Ukraine, comprising 40% of total exports. The second position in the ranking was taken by Romania ($X), with an 11% share of total exports. It was followed by the Czech Republic, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Lithuania amounted to +71.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+71.9% per year) and the Czech Republic (+50.4% per year).

Export Prices by Country

In 2021, the average sesame oil export price amounted to $X per ton, picking up by 7.5% against the previous year. In general, the export price, however, continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 14%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per ton), while the average price for exports to the United Arab Emirates ($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 Romania (+17.5%), while the prices for the other major destinations experienced mixed trend patterns.

Sesame Oil Imports

Imports into Ukraine

In 2021, imports of sesame oil into Ukraine soared to X tons, growing by 40% compared with the year before. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 133% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, sesame oil imports skyrocketed to $X in 2021. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 138% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of sesame oil to Ukraine, with a 67% share of total imports. Moreover, sesame oil imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), tenfold. Italy (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +59.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.6% per year) and Italy (+31.6% per year).

In value terms, China ($X) constituted the largest supplier of sesame oil to Ukraine, comprising 53% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by Japan, with a 9% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +64.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+34.4% per year) and Japan (+4.7% per year).

Import Prices by Country

The average sesame oil import price stood at $X per ton in 2021, shrinking by -7.6% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of 79% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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