Belgium's sesame seed import volume in 2023 stood at 4.8 thousand metric tons. The forecast for the years 2024 to 2028 shows a consistent import volume of 5.0 thousand metric tons. This indicates a year-on-year increase of 4.17% from 2023 to 2024. Over the last 2 years (2022 to 2023 and 2023 to 2024), the average increase has been approximately 2.08% year-on-year. The CAGR for the forecast period from 2024 to 2028 would be 0%, as the volume remains constant throughout.
Future trends to watch for:
- The impact of global sesame seed supply chain dynamics due to geopolitical factors.
- Changing consumer preferences in Belgium towards healthier and organic food options.
- Fluctuations in sesame seed prices due to varying crop yields in major producing countries.
- Regulatory changes in Belgium and the EU affecting import practices.