From 2013 to 2023, US sesame seed imports have seen a consistent annual decline. The volume of sesame seed imports in 2023 stands at 62.52 million pounds, down from 76.16 million pounds in 2013. The year-on-year drop and compound annual growth rate (CAGR) reflect an average annual decrease of approximately 1.75% over the last five years.
Future projections suggest continued declines, with the forecasted 2028 volume being 56.72 million pounds, translating to a five-year CAGR of -1.54%. This suggests a 7.48% total reduction over the period.
Future trends to watch for:
- Changes in global sesame supply chains and potential disruptions.
- Shifts in consumer preferences toward alternative seeds and oils.
- Impact of trade policies and tariffs on import volumes.