The sesame seed market size volume in Indonesia showed modest fluctuations from 2014 to 2023, stabilizing at 11.0 thousand metric tons in 2023. The market experienced notable drops and upticks over the past decade, with a significant decline of 20% in 2015, followed by several years of growth and consistency. From 2018 to 2023, the market hovered around 11.0 thousand metric tons.
Year-on-year and compound annual growth rate (CAGR) analyses reveal the following trends:
• In 2015, there was a drop of 20% year-on-year.
• 2016 and 2017 saw noticeable rebounds with year-on-year growths of 12.5% and 11.11%, respectively.
• From 2019 to 2023, the market maintained relative stability with minor fluctuations.
• The most recent 5-year CAGR up to 2023 fell to 0%, indicating no significant growth or decline annually.
Future forecasts suggest a gradual increase in market volume with a 5-year CAGR of 0.59%, reaching 11.46 thousand metric tons by 2028.
Future trends to watch for:
• Technological advancements in agriculture.
• Increasing demand for sesame in health foods and culinary applications.
• Shifts in trade policies and import-export dynamics.
• Potential impacts of climate change on sesame seed cultivation.
