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The sesame Indium plant produces sesame seeds, which are a valuable cash crop. For almost a thousand years, the oil-rich seeds have been employed in traditional medicine. Over the forecast period of 2021 to 2026, the worldwide sesame market is expected to increase at a CAGR of 2.2 percent. Sesame Seed Production in the World was 4.6 million metric tons in 2017, and it is predicted to grow at a CAGR of 1.3 percent from 2018 to 2023. For almost a thousand years, the oil-rich seeds have been employed in traditional medicine.
Nigeria is ranked third among the world's top five sesame growers. With an average annual imports rate of 149 Thousand Metric Tons, Japan is ranked second after China. Iran is the fourth largest importer of sesame seed, with imports increasing by more than 39%. Sesame seed consumption totaled $6,559.0 million dollars in 2019. With a CAGR of 1.7 percent, it is expected to reach $7,244.9 million by 2024.
Sudan is the world's leading exporter of sesame seeds, accounting for 25% of global exports. With an average yearly export quantity of 204.9 million dollars, Niger is Africa's top sesame seed exporter. Tanzania is one of Africa's largest producers of the product.
Breakdown and overview of the sesame seed international market
The global sesame market is projected to grow at a CAGR of 2.2 percent over the forecast period 2021 to 2026.
North America is one of the Major Consumer of Sesame Seeds.
Currently the standard international price of the commodity is 1075 united state dollars per metric tonne. However, in some instances the price may slightly vary but at the moment its is within the range of 1075 -to 1050
India, China, Nigeria, Myamar and Tanzania are the largest producers of sesame seed globally.
China is the highest importer of sesame seed while Japan, Turkey, Iran and South Korea falls within the ranking of top 5 importers of sesame seeds.
A brief overview of the sesame seed export market
Sudan is the largest exporter of sesame seed. In 2020, Sudan exported sesame seed quantity valued at 463 million dollars. Sudan is responsible for 25 percent of the Sesame Seeds’ global export.
Sub Sahara Africa is the largest exporter of sesame seeds globally
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