In 2023, Canada imported sesame oil or fractions valued at approximately 17.09 million US dollars. Forecasts predict continuous growth in this sector, reaching 19.544 million US dollars by 2028. This indicates steady annual growth in imports, with year-on-year increases ranging between 2.89% and 2.52% from 2024 to 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) is estimated at around 2.73%.
Future trends to watch include potential shifts in consumer preferences towards healthier oils, which may further drive imports. Additionally, trade policy changes and currency fluctuations could affect import costs and volumes.
