The forecast for fuel exports in Kenya from 2024 to 2028 indicates a consistent decline in value based on the projected data. The yearly values drop from 2.8 in 2024 to 2.32 by 2028, reflecting a steady year-on-year percentage decrease. Specifically, 2024 shows a forecasted value of 2.8, down to 2.67 in 2025, 2.55 in 2026, 2.43 in 2027, and 2.32 in 2028.
Year-on-year variations reveal:
- 2024 to 2025: -4.64%
- 2025 to 2026: -4.49%
- 2026 to 2027: -4.71%
- 2027 to 2028: -4.53%
The compound annual growth rate (CAGR) from 2024 to 2028 averages out to approximately -4.59% per year, showing a clear downward trend in fuel exports over the forecasted period.
Future trends to watch for include shifts in global oil prices, potential changes in trade policies, and technological advancements in energy production within Kenya. Additionally, evolving geopolitical scenarios and their impact on global trade routes could further influence these projections.
