Sesame oil and fractions market in Bangladesh

Earlier Report Observations

The sesame oil market in Bangladesh opened the period with a strong volume of 7,460 t in 2018, supported by a peak in domestic production. This output was driven by favorable agricultural conditions and an increased cultivation area for sesame seeds. However, market volume fell to 5,609 t in 2019 and further to 5,058 t in 2020, as production momentum faltered due to monsoon variability affecting regional seed supply and broader global supply chain disruptions.

Market volume gradually declined to 4,842 t in 2021, a period marked by consolidation within the edible oil refining industry that reduced the number of active processors. A partial recovery to 5,208 t was recorded in 2022, a year that also saw a diversification of countries exporting sesame oil to Bangladesh. The market then contracted sharply to 2,975 t in 2023, a year of significant structural change characterized by the entry of over 45 new cold-press sesame oil startups and the major consolidation move by BEOL, which took over the operations of Shun Shing Edible Oil Ltd.

Production sesame oil and fractions in Bangladesh

In kind, 2017-2020, t

Between 2017 and 2020, Bangladesh ranked as the 21st largest producer of sesame oil and fractions globally.

Top producers of sesame oil and fractions, 2017-2020

World map of production of sesame oil and fractions, 2017-2020

Sesame oil and fractions production in Bangladesh declined for the second consecutive year. In 2020, Bangladesh produced 6 571 tonnes of sesame oil and fractions, marking a significant 13.5% decrease compared to 2019. From 2017 to 2020, production fell by 18.4%, which translates to an average annual decline of 6.5%. The highest production level was recorded in 2018 at 10 462 tonnes, with the largest year-on-year increase of 30.0% occurring that same year. Conversely, the sharpest drop of 27.3% was observed in 2019.

Annual dynamics of production in Bangladesh in kind, 2017-2020, t

Exports sesame oil and fractions from Bangladesh

Exports in kind, t

Sesame oil and fractions exports from Bangladesh declined for the third consecutive year. In 2020, exports totaled 1 574 tonnes, reflecting a substantial 23.5% decrease from the previous year. Over the 2017-2020 period, exports plummeted by 82.3%, corresponding to a compound annual growth rate (CAGR) of -43.8%.

Annual dynamics of product's exports from Bangladesh in kind, 2017-2020, t

From 2017 to 2020, Bangladesh's sesame oil and fractions exports in kind were heavily concentrated on India, which accounted for 75.5% of total flows, with the remaining share distributed among other countries.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Bangladesh in kind, 2017-2020

Exports in value, K $ US

Sesame oil and fractions exports from Bangladesh declined for the third consecutive year. In 2020, export value reached 2 927 thousand US dollars, showing a dramatic 30.3% reduction compared to the prior year. Between 2017 and 2020, exports decreased by 69.4%, with a compound annual growth rate (CAGR) of -32.6%.

Annual dynamics of product's exports from Bangladesh in value, 2017-2020, K $ US

During 2017-2020, India remained the dominant destination for Bangladesh's sesame oil and fractions exports in value terms, holding a 72.9% share of total flows, while other markets accounted for the fragmented remainder.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Bangladesh in value, 2017-2020

Imports sesame oil and fractions to Bangladesh

Imports in kind, t

The market exhibited volatility over the observed period. Imports reached their peak in 2018 at 118 tonnes and fell to their lowest point in 2020 at 61 tonnes, representing a 1.9-fold variation between these years. In 2020, sesame oil and fractions imports into Bangladesh amounted to 61 tonnes, down by 8.5% from 2019. The largest decline of 43.3% occurred in 2019, while the most significant increase of 81.7% was recorded in 2018.

Annual dynamics of product's imports to Bangladesh in kind, 2017-2020, t

From 2017 to 2020, the main suppliers of sesame oil and fractions to Bangladesh in kind were India (40.4% of imports), Singapore (26.2%), and the United Arab Emirates (14.1%), together comprising 80.7% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Bangladesh in kind, 2017-2020

Imports in value, K $ US

The data indicates irregular changes, pointing to a volatile market environment. Imports peaked in 2019 at 229 thousand US dollars and hit their lowest level in 2017, with a 2.4-fold difference between these years. In 2020, Bangladesh's sesame oil and fractions import value stood at 194 thousand US dollars, representing a significant 15.1% drop from the previous year. The largest increase of 135.1% was observed in 2018.

Annual dynamics of product's imports to Bangladesh in value, 2017-2020, K $ US

Between 2017 and 2020, the primary suppliers of sesame oil and fractions to Bangladesh in value terms were India (41.9% of imports), Singapore (24.7%), and the United States (10.1%), collectively accounting for 76.7% of total imports.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Bangladesh in value, 2017-2020