MERCOSUR: Sesame Seed Market 2024

Sesame Seed Market Size in MERCOSUR

The MERCOSUR sesame seed market skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption posted a resilient increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Sesame Seed Production in MERCOSUR

In value terms, sesame seed production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Brazil (X tons), Paraguay (X tons) and Venezuela (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average sesame seed yield contracted to X kg per ha in 2022, with a decrease of X% against the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by X% against the previous year. Over the period under review, the sesame seed yield reached the peak level at X kg per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sesame seed harvested area expanded markedly to X ha in 2022, with an increase of X% against the year before. In general, the harvested area saw a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Sesame Seed Exports

Exports in MERCOSUR

In 2022, shipments abroad of sesame seed decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, sesame seed exports fell sharply to $X in 2022. Over the period under review, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the major exporter of sesame seed in MERCOSUR, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Paraguay (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Venezuela (X%). Argentina (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the sesame seed exports, with a CAGR of X% from 2012 to 2022. At the same time, Argentina (X%) displayed positive paces of growth. Paraguay experienced a relatively flat trend pattern. By contrast, Venezuela (X%) illustrated a downward trend over the same period. Brazil (X p.p.) and Argentina (X p.p.) significantly strengthened its position in terms of the total exports, while Venezuela and Paraguay saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Brazil ($X), Paraguay ($X) and Venezuela ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Brazil, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (X%), while the other leaders experienced a decline in the export price figures.

Sesame Seed Imports

Imports in MERCOSUR

In 2022, the amount of sesame seed imported in MERCOSUR contracted to X tons, with a decrease of X% on 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sesame seed imports fell slightly to $X in 2022. Total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of sesame seed, namely Peru, Brazil and Argentina, represented more than half of total import. Colombia (X tons) ranks next in terms of the total imports with an X% share, followed by Paraguay (X%) and Chile (X%). Ecuador (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Paraguay (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and Peru ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Colombia, Chile, Paraguay and Ecuador lagged somewhat behind, together accounting for a further X%.

Paraguay, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ecuador ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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