In 2023, the sesame seed oil import volume in the Philippines stood at 2.0 thousand metric tons. Forecasted data shows a steady increase: 2.1 in 2024, 2.2 in 2025 and 2026, 2.3 in 2027, and 2.4 in 2028. The year-on-year variation from 2023 to 2024 is 5%, from 2024 to 2025 is 4.76%, remaining flat at 0% from 2025 to 2026, 4.55% from 2026 to 2027, and 4.35% from 2027 to 2028. The overall Compound Annual Growth Rate (CAGR) over the forecast period is approximately 3.66%.
Future trends to watch for include fluctuations in global sesame seed prices, potential changes in trade policies, and shifts in consumer preferences towards healthier cooking oils. Market players should keep a close eye on these factors to make informed import decisions.
