The analysis of energy consumption in the transport sector in Kenya indicates a fluctuating trend over the years. Actual data from 2013 to 2023 shows an overall increase, with notable declines in 2017 and 2020. Significant year-on-year variations include a peak increase of 15.18% in 2015 and a drop of -3.9% in 2020. As of 2023, the total energy consumption stood at 21.27 units. The five-year compound annual growth rate (CAGR) from 2019 to 2023 is 2.79%, reflecting moderate growth.
Looking ahead, the forecast from 2024 to 2028 indicates a steadier growth rate, with a forecasted 5-year CAGR of 1.24% and an overall growth rate of 6.36%.
Future trends to watch for include:
- The impact of technological advancements and increased adoption of electric vehicles on energy consumption.
- Government policies promoting renewable energy sources and their effect on traditional energy consumption in transport.
- Potential economic fluctuations that could influence fuel prices and consumption patterns.