Kenya's molasses production has experienced significant fluctuations over the years, starting at 138.0 thousand metric tons in 2013 and reaching 393.99 thousand metric tons in 2023. The production saw notable year-on-year variations, such as a 73.91% increase in 2014 and a 45% rise in 2017. However, there were also declines, like the -18.37% drop in 2016. Over the last two years, the growth rates were 3.86% in 2022 and 3.64% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stood at 2.99%. Looking ahead to 2028, the forecasted 5-year CAGR is 2.65%, projecting continued growth.
Future trends to watch for:
- Potential impacts of climatic changes on molasses production.
- Shifts in agricultural practices and technologies.
- Market demand fluctuations for molasses and related industries.
