Sesame Oil Market Overview in Malaysia
In value terms, sesame oil production skyrocketed to $ in estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Sesame oil production peaked at $ in 2011; however, from 2012 to , production remained at a lower figure.
The value of the sesame oil market in Malaysia was estimated at $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of % year-to-year. As a result, consumption reached the peak level of $. from 2014 to , the growth of the market failed to regain the momentum.