The production of sesame seed oil in Vietnam has shown fluctuations over the past decade. From 2014 to 2023, production values varied, reaching a high of 11,000 metric tons in 2016 and a low of 4,000 metric tons in 2017. The production in 2023 stands at 7,000 metric tons. While the year-on-year variation from 2022 to 2023 is 0%, the compound annual growth rate (CAGR) over the last five years is -2.64%, indicating a general decline in production.
Significant year-on-year changes include a sharp decrease of 63.64% in 2017 and a subsequent recovery by 100% in 2018. The forecasted data from 2024 to 2028 suggests continued slight declines in production, with a five-year CAGR of -1.33% and an overall projected decrease of 6.47% by 2028.
Future trends to watch for include fluctuations in global sesame seed oil demand, changes in agricultural practices, climate impact on sesame crops, and potential governmental agricultural policies. These factors could significantly influence the production trends in the upcoming years.
