In 2023, the re-import value of sesame oil or fractions to Canada stood significantly higher compared to the forecasted downward trend beginning in 2024, valued at $774.24. A consistent decline is depicted in the following years, reaching $647.28 by 2028. Year-on-year, the values indicate a decrease by about 4-4.5% annually, hinting at a negative trend in demand or pricing strategies affecting re-imports. The compound annual growth rate (CAGR) reflects a gradual decrease over the forecasted five-year period.
Future trends to watch for include monitoring changes in global sesame oil production, price fluctuations due to market conditions, and potential shifts in Canadian consumer preferences or health trends that could impact demand.
