Rising Sesame Imports in Global Markets
The global sesame trade experienced significant changes in 2024, with China and South Korea reporting notable increases in imports. However, the United States recorded a slight decline. Indian sesame exporters are under pressure due to rising competition from African suppliers and geopolitical issues.
Over the last few weeks, the free-on-board (FOB) export price for Indian sesame dropped by 8%, settling at USD 1,88–1,92 per kg. Market conditions suggest that Indian sesame prices may remain subdued in the near term.
China’s Growing Sesame Demand
China’s sesame imports grew by 23% in 2024, reaching 959,000 tonnes between January and October, up from 779,000 tonnes during the same period in 2023. The average import price fell slightly, from USD 1,67 per kg to USD 1,64 per kg.
Key contributors to this growth included African nations:
- Nigeria: Exports to China rose from 163,446 tonnes to 283,364 tonnes, while average prices dropped from USD 1,84 per kg to USD 1,56 per kg.
- Tanzania: Exports increased from 126,000 tonnes to 138,000 tonnes.
- Mozambique: Exported 86,227 tonnes to China during this period.
South Korea Expands Sesame Imports
South Korea also saw a 20% rise in sesame imports, increasing from 57,050 tonnes to 68,536 tonnes. Despite this growth, the average import price declined slightly. Indian sesame exports to South Korea grew by 17%, totaling 18,141 tonnes.
In the U.S., sesame imports fell slightly, totaling 23,963 tonnes in January–September 2024, compared to 24,176 tonnes in 2023. Indian exports, while still dominant, decreased by 3%, reflecting the competitive challenges Indian exporters face.
Conclusion
China and South Korea’s increased sesame imports present opportunities for exporters, but India’s competitiveness is hampered by rising African exports and price pressures. To remain competitive, Indian exporters must strategize to address these challenges and tap into growing global demand.
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