In 2023, Africa's sesame oil production was 225.42 thousand metric tons. Over the past few years, from 2017 to 2023, production has shown minor fluctuations with an average annual growth rate (CAGR) of around 2.18%. Specifically, from 2022 to 2023, there was a 0.95% increase in production.
The data from 2013 onwards reveals a significant spike in 2013, followed by a steep decline in 2014. From 2015 onwards, despite some yearly variances, production has been relatively stable, exhibiting a modest growth trend. Notably, from 2016 to 2023, production demonstrated occasional growth spurts interspersed with slight declines.
Looking ahead to the forecasted data from 2024 to 2028, production is projected to continue a slow but steady increase, with a five-year CAGR of 0.75% and a total growth rate of 3.83% by 2028.
Future trends to watch for include technological advancements in sesame cultivation, potential impacts of climate change on agricultural yields, and market demand shifts driven by changes in dietary preferences and health trends.
