The import of sesame oil or fractions to the US is projected to grow steadily from 2024 to 2028, as indicated by the forecast values in million US dollars. This forecast exhibits a consistent growth pattern with a moderate year-on-year increase. In 2023, the imports were below the 2024 forecast level, reflecting a healthy upward trend.
The annual growth rate from 2024 to 2028 shows a slight year-on-year increase, with percentages ranging from approximately 2.7% to 2.9%. Calculating the Compound Annual Growth Rate (CAGR) over this period suggests a consistent average increase per year.
Future trends to watch for:
- Meteorological changes affecting sesame production.
- Fluctuations in the US dollar exchange rate impacting import costs.
- Shifts in consumer preferences towards healthy oils promoting demand.
