The forecasted demand for rapeseed oil and mustard oil in Kenya shows a consistent increasing trend, starting from 4.38 thousand metric tons in 2024 to 5.43 thousand metric tons by 2028. Compared to 2023, there has been a significant increase year-on-year, indicating robust growth. The annual growth rate over the forecast period (CAGR) is around 5.5%, showcasing steady market expansion.
In terms of future trends, several factors are key to watch:
- Changes in dietary preferences towards healthier oils
- Government policies promoting local production and import regulations
- Developments in agricultural technology enhancing yield
- Fluctuations in international rapeseed and mustard oil market prices
