The sesameseed oil demand in Germany steadily declined from 14.0 thousand metric tons in 2014 to 10.0 thousand metric tons in 2023. Year-on-year variations show occasional drops ranging from -7.14% to -9.09%, with periods of stability. The last two years only record a 0% change while the last five years indicate a CAGR of -1.89%. Forecasts predict a further decline to 9.0 thousand metric tons by 2028, reflecting a forecasted CAGR of -2.09%. This long-term trend suggests a 10% decrease in demand over five years.
Future Trends to Watch For:
- Shifts in consumer preferences towards alternative oils or dietary trends.
- Impact of health trends emphasizing or de-emphasizing sesame oil benefits.
- Potential regulatory changes affecting sesame oil production and import in Germany.