Introduction
Nigeria, known for its rich agricultural heritage, has become a significant player in the global sesame seed market. With Turkey emerging as a leading importer of sesame seeds for its thriving tahini, bakery, and oil industries, the export business offers immense potential for Nigerian entrepreneurs.
At Abubakar Group Ltd., we’ve analyzed the numbers and identified a lucrative opportunity in exporting sesame seeds. Here’s everything you need to know to dive into this profitable venture.
Why Invest in Sesame Seeds?
Sesame seeds are highly sought after for their nutritional value, versatility, and high oil content. Globally, the sesame market is projected to reach $15 billion by 2030, with Turkey accounting for a substantial share of imports.
By exporting sesame seeds, Nigerian businesses can tap into Turkey’s demand while boosting their profits. Our recent export operation involving 18 tonnes of sesame seeds highlights the profitability of this trade.
Financial Snapshot
Exporting 18 tonnes of sesame seeds in a 20DV container yielded the following:
- Total Expenses: $20,881.00
- Revenue: $27,000.00
- Net Profit: $6,119.00
- Profit Margin: 29.3%
This financial breakdown demonstrates the potential of sesame seeds as a profitable export commodity when managed efficiently.
Steps to Success
Maintain High Product Quality
Quality is critical when entering competitive markets like Turkey. Ensure your sesame seeds are clean, well-sorted, and comply with Turkish Food Codex standards. Obtaining certifications like ISO 22000 or HACCP can enhance credibility.Optimize Supply Chain Logistics
Minimize costs by working with trusted logistics providers and using cost-effective packaging methods. A well-managed supply chain ensures timely delivery and reduces expenses.Establish Market Connections
- Engage with Turkish wholesalers, tahini manufacturers, and distributors.
- Utilize platforms like Alibaba or attend trade fairs like the Istanbul Food Expo to connect with potential buyers.
- Build long-term relationships to ensure consistent orders and better pricing.
Why Turkey?
Turkey imports over $200 million worth of sesame seeds annually, driven by its growing demand for tahini, bakery products, and sesame oil. For Nigerian exporters, Turkey’s robust demand presents a steady and lucrative market.
Challenges and How to Overcome Them
- Logistics Costs: Offset these by bulk shipping and partnering with reliable transport companies.
- Market Competition: Stand out with superior quality and competitive pricing.
- Regulatory Compliance: Work closely with local Turkish agents to navigate import requirements.
Final Thoughts
The sesame seeds export business from Nigeria to Turkey offers remarkable profit potential, as demonstrated by our operations at Abubakar Group Ltd. By focusing on quality, optimizing logistics, and leveraging market opportunities, businesses can establish themselves as key players in this thriving trade.
Whether you’re new to exports or looking to expand your portfolio, sesame seeds provide a gateway to consistent profits and global market impact.
Interested in learning more about sesame seed exports? Connect with us at Abubakar Mall for resources and insights!
