In 2023, Tanzania's coal trade balance with Kenya stood at 2.83 million USD. Based on the forecasted data, the trade balance is expected to experience a steady increase each year, reaching 3.1956 million USD by 2028. The year-on-year variation indicates a consistent growth pattern: 2.58% from 2024 to 2025, 2.47% from 2025 to 2026, 2.36% from 2026 to 2027, and 2.25% from 2027 to 2028. Analyzing the compound annual growth rate (CAGR) reveals an average yearly growth of approximately 2.38% over the forecasted period.
Future trends to watch for:
- Potential shifts in regional energy policies and their impact on coal demand.
- Technological advancements in cleaner energy sources which could reduce reliance on coal.
- Economic growth rates in Kenya and Tanzania that might influence overall trade volumes.
- Regulatory changes and tariffs that could affect the cost and flow of coal trade.