Forecast: Arts, Entertainment and Recreation Services Exports to Kenya by South Africa

The Arts, Entertainment, and Recreation Services exports from South Africa to Kenya experienced significant fluctuations from 2013 to 2023, falling from 44.95 thousand USD in 2013 to 21.71 thousand USD in 2023. The year-on-year variations highlight the volatility, with notable increases in 2016 (89.12%) and 2017 (216.22%), but notable declines in other years, such as 2014 (-23.95%) and 2015 (-73.85%). Over the past five years (from 2018 to 2023), the compound annual growth rate (CAGR) was -5.19%, indicating an overall declining trend. The last two years also saw decreases in exports, with 2022 and 2023 showing -7.76% and -8.25% year-on-year variations respectively.

Looking forward, the forecast data predicts a continual decline in exports to 11.52 thousand USD by 2028, with a forecast 5-year CAGR of -10.06% and an overall forecasted growth rate of -41.14%. Future trends to watch include potential shifts in market dynamics, bilateral trade policy changes, and growing competitive pressures from other markets which could further influence these exports.