Sesame Oil Market Overview in Colombia
In value terms, sesame oil production rose notably to $ in estimated in export prices. Overall, production continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to , production remained at a lower figure.
The revenue of the sesame oil market in Colombia expanded modestly to $ in , growing by % 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). Overall, the total consumption indicated a noticeable increase from 2007 to : its value increased 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, consumption increased by +% against 2017 indices. The growth pace was the most rapid in 2011 with an increase of % against the previous year. Sesame oil consumption peaked at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.