Market research

Sesame oil and fractions market in Venezuela

$Sesame oil and fractions market in Venezuela$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The market volume for sesame oil and fractions in Venezuela experienced substantial fluctuations between 2018 and 2023. It started at 6 365 t in 2018, grew slightly to 6 431 t in 2019, then surged by 57% to 10 131 t in 2020. After this peak, the market contracted to 8 835 t in 2021, saw a modest recovery to 9 019 t in 2022, and fell sharply by 40% to 5 414 t in 2023.

The 2021 market adjustment coincided with the ongoing influence of Venezuela's Seed Law, enacted in prior years, which regulates seed production and commercialization—including sesame—with a focus on food sovereignty and agroecology. This framework shapes the supply chain for sesame oil by affecting raw material availability. By 2024, local producers reported an unprecedented price increase for sesame oil due to export demand, which reduced domestic availability and likely contributed to market pressures.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Venezuela
  1. 5.1.1. Annual dynamics of production in Venezuela in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Venezuela in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, kg
    1. 6.1.2.1. Annual dynamics of product's imports to Venezuela in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Venezuela by countries, 2018-2024, kg
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Venezuela in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Venezuela by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Venezuela, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Venezuela by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, kg
    1. 6.2.2.1. Annual dynamics of product's imports to Venezuela in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Venezuela by countries, 2018-2024, kg
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Venezuela in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Venezuela by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Venezuela, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Venezuela by countries, 2018-2024, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, kg
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, kg
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production sesame oil and fractions in Venezuela

In kind, 2017-2020, t

From 2017 to 2020, Venezuela ranked 24th globally in the production of sesame oil and fractions.

Top producers of sesame oil and fractions, 2017-2020

Source: SHEV.io

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

Source: SHEV.io

Venezuela's production of sesame oil and fractions grew for the third consecutive year. In 2020, the country produced 10 101 tonnes, representing a substantial increase of 57.8% compared to 2019. Over the entire period from 2017 to 2020, production rose by 142.1%, which translates to an average annual growth rate of 34.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	52.6%	0.6%	57.8%	34.3%

Source: SHEV.io

Exports sesame oil and fractions from Venezuela

According to market analysis, Venezuela did not export any sesame oil and fractions between 2017 and 2020.

Imports sesame oil and fractions to Venezuela

Imports in kind, kg

The market for sesame oil and fractions imports into Venezuela showed an unstable trend during this period. In 2018, imports hit their lowest point at 1 249 kg, with a sharp decline of 60.0% that year. However, 2019 saw a dramatic rebound, with imports surging by 2,152.4%. By 2020, imports reached 29 864 kg, reflecting a moderate year-on-year increase of 6.1%. Overall, from 2018 to 2020, the market experienced a peak-to-trough amplitude of 24 times.

Annual dynamics of product's imports to Venezuela in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	(60.0%)	2 152.4%	6.1%	112.3%

Source: SHEV.io

Between 2017 and 2020, Venezuela's imports of sesame oil and fractions in kind were almost entirely sourced from Lebanon and Asia, not elsewhere specified, which together accounted for 100.0% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

The import market in value terms displayed volatility over the observed years. In 2018, imports dropped to their minimum of 7.2 thousand US dollars, declining by 50.5%. The following year, 2019, witnessed a remarkable increase of 1,085.5%. By 2020, imports peaked at 106.4 thousand US dollars, showing a significant advance of 24.2% compared to 2019. From 2018 to 2020, the market saw a 14.7-fold shift between the lowest and highest points.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(50.5%)	1 085.5%	24.2%	93.9%

Source: SHEV.io

From 2017 to 2020, the geographical distribution of Venezuela's imports in value terms was dominated by Lebanon and Asia, not elsewhere specified, which together made up 100.0% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io