The demand for sesame seeds in Vietnam has seen significant fluctuations over the past decade. From 2014 to 2023, the volume decreased from 109.0 thousand metric tons to 63.0 thousand metric tons. The CAGR from 2018 to 2023 was -5.81%, with notable yearly variations such as a sharp decline of 67.23% in 2017 and a major recovery of 117.95% in 2018. However, recent trends show a continued decrease, with a -4.55% year-on-year decline in 2023.
Future forecasted data from 2024 to 2028 predict a continued downward trend, with a forecasted 5-year CAGR of -3.97% and an overall decline of 18.33% by 2028, reaching a volume of 49.0 thousand metric tons. Factors to watch include global sesame seed market conditions, import-export policies, and local production capacity in Vietnam.
