Key Market Indicators
Kenya's fuel import volume is projected to surge significantly over the next five years. By 2028, the country is expected to import approximately 39 cubic meters of fuel annually, up from the current 31 cubic meters in 2023. This represents a compound annual growth rate (CAGR) of 3.6%. On the export front, Kenya's fuel exports are also on an upward trajectory, though at a more modest pace. The nation's fuel exports are anticipated to rise to 26 cubic meters by 2028, compared to 25 cubic meters this year. This equates to an average annual growth rate of 0.8%. These trends indicate a robust and expanding fuel market in Kenya, driven by both increasing domestic demand and a steady rise in export activities.
