Kenya's container port traffic has seen a consistent upward trend over the past decade, reaching 1,569.2 thousand TEUs in 2023. The port traffic displayed strong year-on-year growth, particularly between 2017 and 2019, with growth rates hovering around 8% to 9%. However, notable fluctuations occurred in 2020 with a slight drop of 4.05%. The growth resumed in the subsequent years, with 2023 showing a modest 3.92% increase. The last 5-year CAGR before 2023 was 3.74%, indicating a steady but slightly decelerating growth trajectory.
Looking ahead, the forecasted data from 2024 to 2028 suggests a moderate growth path, with the 5-year CAGR expected to soften to 2.66%. By 2028, container port traffic is projected to reach 1,856.5 thousand TEUs, reflecting a total growth rate of 14.05% over the forecast period.
Future trends to monitor include:
- Infrastructure enhancements at major ports to handle increased volumes efficiently.
- Adoption of technology and digital solutions to streamline port operations.
- The impact of regional trade agreements and economic policies on cargo throughput.
- Shipping industry trends, such as shifts in global trade routes and shipping alliances.
