Sesame Oil Market Overview in Belgium
In value terms, sesame oil production totaled $ in 2018 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of % year-to-year. Over the period under review, production hit record highs in 2018 and is likely to see gradual growth in years to come.
The size of the sesame oil market in Belgium rose slightly to $ in 2018, growing 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). In general, consumption continues to indicate a significant increase. The most prominent rate of growth was recorded in 2010 when the market value increased by % against the previous year. Over the period under review, the market reached the peak level in 2018 and is expected to retain growth in the near future.