The forecast for the import of sesame oil or its fractions to the Philippines indicates a steady increase from 2024 through 2028. In 2024, imports are expected to be at 2.2061 million kilograms, rising to 2.5347 million kilograms by 2028. This projection follows a previous year's (2023) volume of 2.1263 million kilograms, indicating a year-on-year growth rate of 3.75% in 2024. The year-on-year growth continues to show positive trends, with a variation of: - 3.84% from 2024 to 2025, - 3.63% from 2025 to 2026, - 3.42% from 2026 to 2027, - 3.25% from 2027 to 2028. Overall, this results in a compounded annual growth rate (CAGR) of approximately 3.58% over five years.
Future trends to watch include potential market disruptions due to geopolitical events, changes in global supply chains, or shifts in consumer preferences towards local oil products. Additionally, any introduction of trade tariffs or changes in international trade agreements may impact import volumes and market stability over the forecast period.
