Forecast: Arts, Entertainment and Recreation Services Exports to India by Kenya

The arts, entertainment, and recreation services exports from Kenya to India have seen significant growth from 2013 to 2023, reaching a value of 27,940 US Dollars in 2023. This represents a notable increase from 726 US Dollars in 2013. The years 2017 and 2018 showed the highest year-on-year growth rates, with the exports substantially rising in 2017 by 208.35% and maintaining a steady growth into 2018 with a 2.1% increase. However, there was a marked decline in 2020 with a -56.94% change due to external factors, followed by a strong recovery in 2021 with a 140.68% increase. The years 2022 and 2023 have seen more moderate yet consistent growth rates of 18.21% and 5.88%, respectively.

Looking ahead, the forecasted data from 2024 to 2028 suggests a continued positive trend in exports, with a five-year CAGR of 4.03% and a forecasted 21.83% growth rate by 2028. This indicates a steady and reliable increase, albeit at a slightly slower pace than in the past decade.

- Trend Analysis:

• Steady growth in exports from 2013 to 2023.
• Significant spikes in 2017 and 2018, followed by a downturn in 2020.
• A strong recovery in 2021 and consistent growth thereafter.

- Future Trends to Watch:

• Potential impact of global economic stability on export volumes.
• Growth driven by increasing demand for Kenyan arts, entertainment, and recreation services in India.
• Monitoring policy changes between Kenya and India that could influence future trade.