The banana market size volume in Kenya experienced fluctuations from 2014 to 2023, decreasing by 1.05% year-on-year in 2023 to stand at 1.13 million metric tons. From 2014 to 2023, the average compound annual growth rate (CAGR) was -1.28%, indicating a gradual decline in production over a decade. Notably, 2015 saw a significant drop of 21.47%, but production showed some recovery in subsequent years with occasional positive growth, like in 2017 at 11.42%. However, consistent minor declines continue to dominate the trend, marked by yearly decreases from 2018 onwards.
Looking forward, forecast data for 2024-2028 suggests that the banana market in Kenya will continue to shrink, with an anticipated 5-year CAGR of -0.93%, resulting in a total projected reduction of 4.57% by 2028. Future trends to watch include potential impacts of climate change on banana cultivation, evolving agricultural practices, and government policies aimed at stabilizing or boosting the sector.
