Analyzing the demand for sugar cane in Kenya, the data from 2014 to 2023 indicates a significant fluctuation. In 2014, the demand stood at 6.41 million metric tons, peaking in 2015 at 7.17 million metric tons before consistently declining to 4.73 million metric tons by 2023. The year-on-year percentage variations reveal notable changes, such as an 11.78% rise in 2015 and a dramatic 33.02% fall in 2017. Recent trends show a consistent decline, with a -2.21% decrement yearly from 2021 to 2023 and an average annual contraction (CAGR) of -2.11% over the last five years.
Forecasting future trends, the demand for sugar cane in Kenya is projected to continue downwards, reaching 4.17 million metric tons by 2028. The forecasted 5-year compound annual growth rate (CAGR) is -2%, representing an aggregated decrease of approximately 9.63% from 2024 to 2028. It is crucial to monitor factors such as weather patterns, government policies, and shifts in economic conditions, which could influence the production and consumption dynamics significantly.
