The nuts market in Kenya has been experiencing a consistent decline in volume over the past ten years. From a starting point of 46.0 thousand metric tons in 2014, the market size has dropped to 23.0 thousand metric tons in 2023. Notably, the year-on-year variation over the last two years was -4.17% in 2023. The compound annual growth rate (CAGR) over the past five years stands at -5.18%. Projections suggest that by 2028, the market volume will continue to decline, with a forecasted decrease at a CAGR of -6.17% resulting in a nearly 27.27% reduction by 2028.
Key trends to monitor for the future include fluctuations in global nut prices, environmental factors impacting production, and changes in consumer preferences toward healthier snack alternatives. Strengthening supply chain efficiencies and exploring export opportunities may offer avenues to counteract these downward trends.
