The export value of Arts, Entertainment, and Recreation Services from Kenya to Sweden has seen significant fluctuations over the past decade. In recent history, there was a notable drop in values from 2013 to 2016, reaching a low point before dramatically spiking in 2017. This surge was maintained with ups and downs, most notably in 2018 and 2019. From 2020 onwards, the values varied significantly with a noticeable dip followed by a robust recovery in 2021, and a steady upward trend leading to a value of 6290 USD in 2023. The Compound Annual Growth Rate (CAGR) over the last five years leading up to 2023 stands at 3.06%.
Future trends to watch for include:
- Continued growth in the sector with a forecasted CAGR of 4.17% from 2024 to 2028, pointing to a steady increase in export values.
- The sector’s probable resilience in the face of economic variability, supported by the anticipated 22.69% growth rate over the next five years.
- The potential impact of digital transformation in arts and entertainment, which could further bolster export values.
- Market dynamics in Sweden and fluctuations in demand for Kenyan arts, entertainment, and recreation services, which may influence future trends.
