Global Sesame Oil Market Overview
In value terms, sesame oil production reached $ in estimated in export prices. Overall, the total production indicated a pronounced expansion from 2007 to : its value decreased at an average annual rate of -% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2018 indices. The pace of growth was the most pronounced in 2010 when the production volume increased by % year-to-year. Global production peaked in and is likely to see gradual growth in the near future.
China ( tonnes) remains the largest sesame oil producing country worldwide, accounting for % of total volume. Moreover, sesame oil production in China exceeded the figures recorded by the second-largest producer, Myanmar ( tonnes), twofold. The third position in this ranking was occupied by India ( tonnes), with a % share.
In China, sesame oil production expanded at an average annual rate of +% over the period from 2007-. The remaining producing countries recorded the following average annual rates of production growth: Myanmar (-% per year) and India (-% per year).
The global sesame oil market size expanded sharply to $ in , with an increase of % 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 when the market value increased by % year-to-year. Global consumption peaked at $ in 2012; afterwards, it flattened through to .
From 2007 to , the biggest increases were in Mexico, while sesame oil consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest sesame oil markets worldwide were China ($), Myanmar ($) and Japan ($), together comprising % of the global market. South Korea, India, Sudan, Uganda, Mexico, the U.S., Turkey, Iran, Tanzania and Saudi Arabia lagged somewhat behind, together accounting for a further %.
Among the main consuming countries, Mexico saw the highest rates of growth with regard to market size, over the period under review, while sesame oil market for the other global leaders experienced more modest paces of growth.
In , the highest levels of sesame oil per capita consumption was registered in Myanmar ( kg per persons), followed by Sudan ( kg per persons), Saudi Arabia ( kg per persons) and Uganda ( kg per persons), while the world average per capita consumption of sesame oil was estimated at kg per persons.
From 2007 to , the average annual rate of growth in terms of the sesame oil per capita consumption in Myanmar amounted to -%. In the other countries, the average annual rates were as follows: Sudan (-% per year) and Saudi Arabia (+% per year).