The UK sesame oil market saw consumption of 3.6K tons valued at $19M in 2024, a slight decline from recent peaks. Driven by increasing demand, the market is forecast to grow slowly at a CAGR of +1.0% in volume and +1.1% in value through 2035, reaching 4K tons and $21M. Mexico is the dominant import source (46% share), while the United States is the leading export destination (36% share). Import and export prices have shown consistent long-term growth, averaging $5,666 and $8,353 per ton respectively in 2024.<\/p>\n
Key Findings<\/p>\n
UK sesame oil market forecast to grow slowly to 4K tons and $21M by 2035 at CAGRs of +1.0% and +1.1%Market consumption in 2024 was 3.6K tons ($19M), down from 2020 and 2023 peaksMexico is the largest import source, supplying 46% of volume and 47% of valueThe United States is the top export destination, taking 36% of volume and 43% of valueAverage import and export prices have risen steadily, reaching $5,666 and $8,353 per ton in 2024Market Forecast<\/p>\n
Driven by increasing demand for sesame oil in the UK, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.0% for the period from 2024 to 2035, which is projected to bring the market volume to 4K tons by the end of 2035.<\/p>\n
In value terms, the market is forecast to increase with an anticipated CAGR of +1.1% for the period from 2024 to 2035, which is projected to bring the market value to $21M (in nominal wholesale prices) by the end of 2035.<\/p>\n
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ConsumptionUnited Kingdom’s Consumption of Sesame Oil<\/p>\n
In 2024, approx. 3.6K tons of sesame oil were consumed in the UK; with a decrease of -7.6% against 2023 figures. Over the period under review, the total consumption indicated a moderate expansion from 2013 to 2024: its volume increased at an average annual rate of +4.4% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +26.3% against 2022 indices. Sesame oil consumption peaked at 4K tons in 2020; however, from 2021 to 2024, consumption remained at a lower figure.<\/p>\n
The size of the sesame oil market in the UK fell to $19M in 2024, which is down by -1.9% 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). In general, consumption, however, recorded prominent growth. Sesame oil consumption peaked at $19M in 2023, and then declined modestly in the following year.<\/p>\n
ImportsUnited Kingdom’s Imports of Sesame Oil<\/p>\n
In 2024, approx. 4.2K tons of sesame oil were imported into the UK; shrinking by -8.7% compared with 2023 figures. The total import volume increased at an average annual rate of +2.8% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2023 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs at 4.9K tons in 2020; however, from 2021 to 2024, imports stood at a somewhat lower figure.<\/p>\n
In value terms, sesame oil imports shrank slightly to $24M in 2024. In general, total imports indicated a resilient expansion from 2013 to 2024: its value increased at an average annual rate of +5.8% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +17.6% against 2022 indices. The pace of growth was the most pronounced in 2019 when imports increased by 32% against the previous year. Imports peaked at $24M in 2020; however, from 2021 to 2024, imports stood at a somewhat lower figure.<\/p>\n
Imports By Country<\/p>\n
In 2024, Mexico<\/a> (1.9K tons) constituted the largest supplier of sesame oil to the UK, accounting for a 46% share of total imports. Moreover, sesame oil imports from Mexico exceeded the figures recorded by the second-largest supplier, China<\/a> (481 tons), fourfold. India<\/a> (457 tons) ranked third in terms of total imports with an 11% share.<\/p>\n From 2013 to 2024, the average annual growth rate of volume from Mexico amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.5% per year) and India (+6.9% per year).<\/p>\n In value terms, Mexico ($11M) constituted the largest supplier of sesame oil to the UK, comprising 47% of total imports. The second position in the ranking was taken by China ($3M), with a 13% share of total imports. It was followed by India, with a 7.8% share.<\/p>\n From 2013 to 2024, the average annual growth rate of value from Mexico stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.6% per year) and India (+7.7% per year).<\/p>\n Import Prices By Country<\/p>\n In 2024, the average sesame oil import price amounted to $5,666 per ton, surging by 8.1% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2022 when the average import price increased by 19%. The import price peaked in 2024 and is likely to continue growth in the immediate term.<\/p>\n There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was South Korea<\/a> ($10,690 per ton), while the price for Somalia<\/a> ($712 per ton) was amongst the lowest.<\/p>\n From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United Arab Emirates<\/a> (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.<\/p>\n ExportsUnited Kingdom’s Exports of Sesame Oil<\/p>\n Sesame oil exports from the UK declined to 639 tons in 2024, which is down by -14.3% compared with 2023 figures. In general, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. The exports peaked at 929 tons in 2016; however, from 2017 to 2024, the exports stood at a somewhat lower figure.<\/p>\n In value terms, sesame oil exports fell to $5.3M in 2024. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 21%. As a result, the exports reached the peak of $6.2M. From 2021 to 2024, the growth of the exports remained at a lower figure.<\/p>\n Exports By Country<\/p>\n The United States<\/a> (228 tons) was the main destination for sesame oil exports from the UK, with a 36% share of total exports. Moreover, sesame oil exports to the United States<\/a> exceeded the volume sent to the second major destination, Ireland<\/a> (105 tons), twofold. The Netherlands<\/a> (92 tons) ranked third in terms of total exports with a 14% share.<\/p>\n From 2013 to 2024, the average annual rate of growth in terms of volume to the United States totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+4.1% per year) and the Netherlands<\/a> (+1.3% per year).<\/p>\n In value terms, the United States ($2.3M) remains the key foreign market for sesame oil exports from the UK, comprising 43% of total exports. The second position in the ranking was held by Ireland ($665K), with a 12% share of total exports. It was followed by Germany<\/a>, with a 12% share.<\/p>\n From 2013 to 2024, the average annual rate of growth in terms of value to the United States amounted to +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+5.0% per year) and Germany (-7.3% per year).<\/p>\n Export Prices By Country<\/p>\n In 2024, the average sesame oil export price amounted to $8,353 per ton, surging by 6.2% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 25%. The export price peaked in 2024 and is expected to retain growth in years to come.<\/p>\n There were significant differences in the average prices for the major overseas markets. In 2024, amid the top suppliers, the country with the highest price was Spain<\/a> ($11,855 per ton), while the average price for exports to the Netherlands ($4,852 per ton) was amongst the lowest.<\/p>\n From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.<\/p>\n