The demand for vegetable oils in Kenya has shown a notable upward trend over the past years. As of 2023, the value stood at 1.14 million metric tons, reflecting a year-on-year increase of 3.56%. This demand has been steadily increasing with a compound annual growth rate (CAGR) of 3.71% over the last five years. Despite fluctuations in specific years, including a significant spike in 2017 and minor declines in certain periods, the overall trend indicates consistent growth in demand.
Forecasts indicate that this upward trajectory will continue, with the demand expected to reach 1.34 million metric tons by 2028. The anticipated growth rate over the next five years is a CAGR of 2.55%, resulting in a total growth of 13.41% by 2028.
Future trends to watch for include changes in domestic production capabilities, impacts of global market prices, and shifts in consumer preferences towards healthier oils. Additionally, policy changes and economic developments in Kenya may influence import and demand dynamics.
