The demand for sesame seeds in South America has shown fluctuating trends from 2014 to 2023, with volumes standing at 48.0 thousand metric tons in 2023. Between 2014 and 2016, there were significant variations, seeing a sharp decline in 2015 followed by a substantial increase in 2016. From 2016 onwards, the trend has been more stable, with gradual increases observed each year, leading to moderate annual growth rates.
Year-on-year, there has been a consistent but small growth in demand over the last two years, achieving approximately 2.13% in 2023. The Compound Annual Growth Rate (CAGR) for the last five years up to 2023 was around 2.38%, illustrating a modest yet positive growth trend.
Looking forward to the forecasted period, demand is expected to continue rising at a steadier pace, with the 5-year forecasted CAGR projected at 0.8%, leading to an overall growth rate of approximately 4.08% by 2028. This indicates ongoing expansion in demand, albeit at a slower rate than observed in earlier years.
Future trends to watch for:
- Potential impacts of climate change on sesame seed production and availability.
- Shifts in consumer preferences towards healthier dietary options driving sesame seed inclusion.
- Developments in trade policies that could affect sesame seed imports and exports within South America.
