Based on the provided forecast data for the coal trade balance between South Africa and Kenya, it is evident that there is a consistent upward trend from 2024 to 2028. The value is anticipated to grow from 119.84 million USD in 2024 to 140.29 million USD in 2028. Assuming we are in 2024, and considering no data is provided for 2023, it is presumed that there has been a steady increase leading up to the forecast period.
Year-on-year variations show a growth of approximately 4.39% from 2024 to 2025, 4.13% from 2025 to 2026, 3.88% from 2026 to 2027, and 3.66% from 2027 to 2028. For a broader perspective, the compound annual growth rate (CAGR) over the five-year forecast period averages about 4.01%.
Future trends to watch for include potential shifts in global coal demand, fluctuations in energy policies, changes in bilateral trade agreements between South Africa and Kenya, and advancements in alternative energy sources which may affect coal trade dynamics. Monitoring these factors will be crucial in understanding and anticipating changes in the coal trade balance.