The sesame seed market in Mexico experienced various fluctuations from 2014 to 2023. Starting at a volume of 25.0 thousand metric tons in 2014, it maintained the same level until 2017 when it dropped by 20%. The market saw a recovery in 2018, reaching 25.0 thousand metric tons again before experiencing gradual declines and fluctuations in subsequent years. In 2023, the volume stood at 23.0 thousand metric tons, marking a 4.17% decrease compared to 2022. Over the last five years, the compound annual growth rate (CAGR) has shown a decline of 1.65%, indicative of a decreasing trend in market volume.
Future trends to watch for include:
- Forecasts predict a continued slow decline with the market volume expected to decrease to 22.77 thousand metric tons by 2028.
- The forecasted 5-year CAGR is projected at -0.35%, highlighting a sustained downward trend.
- Market factors such as climate change, farming practices, and international trade policies will be critical in shaping the sesame seed market.
