Analyzing the data for sesame seed demand in Saudi Arabia from 2014 to 2023, we observe a general upward trend with fluctuations. The demand reached 52.0 thousand metric tons in 2023, a value maintaining from the previous two years. A significant spike occurred in 2018, with a notable 13.04% year-on-year increase. However, there were declines observed in 2016 and 2017. The compound annual growth rate (CAGR) over the last five years (2019–2023) is neutral at 0%, indicating a stabilized demand in recent years.
Future trends to watch for:
- Forecasts indicate a gradual increase in demand, with the 5-year CAGR (2024–2028) predicted to be 0.54% and an overall growth rate of 2.72% by 2028.
- Potential increases in health trends leading to higher sesame seed consumption due to its nutritional benefits.
- The influence of economic factors such as import regulations and price fluctuations affecting the sesame seed market.