Kenya's wheat demand has shown a consistent upward trend over the past decade. From 2014 to 2023, there has been an overall increase in wheat demand from 1.85 million metric tons to 2.22 million metric tons. Despite some fluctuations in yearly growth rates, such as a decline in 2015, the trajectory has remained positive, with notable spikes in growth during 2017 and 2018. The year-on-year variation in 2023 was 1.09%, and the five-year CAGR leading up to 2023 stood at 0.45%. Forecasted data suggests continued growth, with a 5-year CAGR of 0.77% and an overall 5-year forecast growth rate of 3.92% from 2024 to 2028.
Future Trends to Watch For:
- Potential impacts of climate change on local wheat production and import dependency.
- Government policies aimed at increasing agricultural productivity and food security.
- Technological advancements in farming practices and infrastructure improvements.
- Changes in consumer preferences and dietary trends influencing demand.
- Global market conditions, especially the influence of major wheat-exporting countries.
