The consumption of palm oil for non-food uses in Kenya has demonstrated significant growth from 2014 to 2023, increasing from 84.0 thousand metric tons to 357.0 thousand metric tons. This growth is characterized by substantial year-on-year variations, including a notable peak in 2017 with a 158.2% increase. The Compound Annual Growth Rate (CAGR) over the past 5 years indicates an average annual growth of 5.28%. In 2023, the year-on-year growth stood at 4.39%.
Looking ahead, the forecasted data suggest a moderated but continued growth trend with a 5-year CAGR of 2.93% by 2028 and an overall growth rate of 15.55%. This forecast points towards a steady yet decelerated expansion compared to past performance.
Future trends to watch for include:
- Advancements in sustainable palm oil production methods affecting supply chains.
- Increases in regulatory and environmental pressures that may impact production and importation.
- Shifts in industrial applications and technological developments in non-food industries.
