Forecast: Metals Consumption in Kenya

The analysis of metals consumption in Kenya over the years from 2013 to 2028 reveals a fluctuating trend in domestic material consumption. From a high point in 2013, with a value of 9.8%, there was a stark decline in 2014 by 82.14%. Growth resumed in 2015 with a 240% increase, followed by another decline in 2016 by 21.57%. The most recent data for 2023 shows a gradual decline, with a year-on-year variation of -1.16% and an average variation per year over the last five years (CAGR) of -0.23%.

Wood significant trends to note over a longer period, from 2024 to 2028, the metals consumption is forecasted to decline at an average annual rate of -0.97%, resulting in a forecasted 5-year growth rate of -4.76%.

Future trends to watch for include:

• The impact of industrial development initiatives on metals consumption.
• Government policies aimed at infrastructure improvement and their effect on demand.
• The potentially increasing role of recycling efforts in curbing raw metals consumption.