The sesameseed oil export volume in Malaysia stood at 1.0 Thousand Metric Tons in 2023. Between 2014 and 2023, the export volume displayed remarkable stability, maintaining at 1.0 Thousand Metric Tons for the most part, aside from modest deviations. Notably, in 2015, there was a significant rise of 100% followed by a 50% drop in 2016. The year-on-year variations for the subsequent years hovered around 0%, with minor negative variations such as the 5% drop noted in 2020.
Looking ahead, the forecasted data indicates a slight downward trend. Starting from 2024, sesameseed oil export volume is expected to experience a gradual decline, tapering off to 0.96 Thousand Metric Tons by 2028. This reflects a forecasted 5-year CAGR of -0.61%, equating to an overall projected decrease of 3.03% from 2023 to 2028.
Future trends to watch for include potential impacts from global market shifts, economic conditions in importing countries, and possible changes in trade regulations or local production capabilities that could influence Malaysia's export volumes. Monitoring these factors would be pivotal in anticipating further trends and making informed strategic decisions.