The rice and products market size volume in Kenya stood at 1.08 million metric tons in 2023. From 2014 to 2018, the market experienced fluctuations with significant changes in year-on-year growth, notably a decline by 19.63% in 2015 followed by a recovery. From 2019 onwards, the volume stabilized at 1.08 million metric tons, showing minimal year-on-year variation. Over the last five years, the Compound Annual Growth Rate (CAGR) was -0.83%, highlighting a slight overall decline. Forecasts for the next five years indicate marginal changes with a forecasted CAGR of -0.02%.
Future trends to watch for in Kenya's rice market include shifts in consumer preferences, advancements in agricultural technology, and government policies aimed at boosting domestic production and reducing import dependency. Monitoring these factors will be crucial for understanding potential deviations from the current stability in the market.