Sourced from actual production data, France's sesame oil production showed a mixed trend over recent years. Between 2013 and 2023, production peaked and declined in certain periods, seeing a remarkable increase from 5.44 Thousand Metric Tons in 2017 to 6.37 Thousand Metric Tons by 2023. The highest variation year-over-year was in 2017 with 13.64%, whereas in 2014 there was a notable decline of -6.9%. The CAGR for the last 5 years averaged to 2.16%, showcasing steady growth despite some fluctuations.
Going forward, the forecasted data from 2024 to 2028 shows a consistent increasing trend, predicting an 8.92% rise in production, reaching 7.11 Thousand Metric Tons by 2028. The future 5-year CAGR stands at 1.72%, indicating moderate growth.
Future trends to watch for include:
• Potential impacts of climate change and agricultural innovations on sesame seed yield.
• Changes in consumer preferences towards natural oils and their impact on demand.
• Trade policies and market dynamics influencing import and export activities.
