Forecast: Fossil Fuel Energy Consumption in Kenya

From 2013 to 2023, fossil fuel energy consumption in Kenya has shown a generally steady trend, starting at 18.27 units in 2013, dipping to 17.38 units in 2014, and consequently increasing to 17.92 units by 2023. The data from 2024 onwards is forecasted, with the consumption projected to reach 18.06 units by 2028. The year-on-year variations have generally been minimal, reflecting stability in consumption levels with minor fluctuations. Notably, the annual growth rate (CAGR) over the past five years up to 2023 is 0.17%, indicating a very gradual increase.

Looking ahead, the forecasted data suggests a continuation of this steady trend with a slight CAGR of 0.12% expected over the next five years, leading to a modest cumulative growth rate of 0.6% by 2028.

Future trends to watch for:

• Changes in energy policy and investment in renewable energy sources
• Technological advancements in energy efficiency
• Economic growth and its impact on energy demand
• Environmental regulations and global climate change initiatives