The maize processing volume in Kenya has experienced fluctuating trends over the past decade. In 2023, the volume stood at 25.0 thousand metric tons. Over the last two years, the year-on-year variation has been positive, with 4.17% in 2023. The compound annual growth rate (CAGR) over the past five years averaged 2.59%, suggesting a moderate and steady increase.
In the earlier part of the decade, significant variations include a notable jump of 50% in 2015 and a subsequent decline of 18.52% in 2017. There have been periods of stability such as in 2018 and 2020, where no year-on-year growth was observed. However, other years like 2016 and 2021 showed moderate growth rates of 12.5% and 4.35% respectively.
The forecasted data for 2024 to 2028 indicates a more modest growth trend. With expected volumes reaching 27.0 thousand metric tons in 2028, the projected five-year CAGR is 1.55%, reflecting an overall growth rate of 8% over the forecast period.
Future trends to watch for:
- Technological advances in maize processing to improve efficiency and output.
- Government policies and support toward agriculture and local processing industries.
- Weather patterns and their impact on maize crops and subsequent processing volumes.
- Market demand shifts both locally and internationally, affecting production scalability.
- Investment in infrastructure and supply chain improvements.
