The vegetable oils production in Kenya has shown significant growth over the past decade, rising from 183 thousand metric tons in 2014 to 459 thousand metric tons in 2023, marking a Compound Annual Growth Rate (CAGR) of 4.13%. Key variations were observed in 2017 with an exceptional year-on-year increase of 115.08%. Although there were fluctuations with minor declines in 2015 and 2020, the overall trend remained upwards, supported by steady growth in recent years.
For future trends, attention should be given to improving agricultural practices and dealing with climate change impact, as these could significantly influence production capacities. The forecast indicates continued growth, albeit at a slightly moderating pace, with a forecasted CAGR of 2.62% from 2024 to 2028, resulting in a production of 542.5 thousand metric tons by 2028.
In summary:
- 2014-2023: Significant growth with occasional fluctuations
- 2024-2028: Steady growth expected, with a forecasted 2.62% CAGR
