Based on the provided data, the demand for sesame seeds in Indonesia experienced several fluctuations between 2014 and 2023, peaking at 11.0 thousand metric tons in several years and exhibiting a slight decline in 2015. The demand reached 11.0 thousand metric tons in 2023 with no year-on-year variation from 2022, indicating stability. Over the past five years (2019-2023), the compound annual growth rate (CAGR) averaged at 1.92%. Looking forward from 2024, forecasts suggest moderate growth, with demand reaching 11.46 thousand metric tons by 2028, an average annual growth rate (CAGR) of 0.59%.
Future trends to watch for:
- Monitoring the impact of domestic agricultural policies and trade regulations on sesame seed production and import levels.
- Consumer preference shifts towards health-conscious food choices, potentially influencing sesame seed demand.
- Development in regional and international trade agreements that may alter import-export dynamics.
