The data on raw sugar equivalent processing in Kenya from 2014 to 2023 reveals an overall increasing trend, with a strong growth rate observed between 2014 and 2017. Particularly notable are year-on-year percentage increases of 50% in 2015 and 33.33% in 2016. However, 2018 saw a sharp decline of 40%, followed by a recovery period from 2019 onwards, with a consistent level of 4.0 thousand metric tons sustained through 2023. For the period from 2019 to 2023, the Compound Annual Growth Rate (CAGR) is 5.92%, showing stabilized output levels.
Future trends to watch for:
- The forecast from 2024 to 2028 suggests a plateau at the 4.0 thousand metric ton level, indicating no significant growth or decline.- Continuous monitoring of global sugar prices and local agricultural policies is crucial.- Environmental factors and technological advancements in sugar processing may impact future output.
