The wheat market volume in Kenya has displayed a steady upward trend from 2014 to 2023, rising from 1.76 million metric tons to 2.11 million metric tons in 2023. The year-on-year variation shows fluctuations, notably a significant increase in 2018 (10.68%) and a minor decline in 2019 (-2.18%). The average annual growth rate over the last five years leading up to 2023 stands at 0.46%. Forecasts predict continued moderate growth, with the market expected to reach 2.22 million metric tons by 2028, indicating a 5-year CAGR of 0.78% and an overall growth rate of 3.94% from 2023 to 2028.
Future trends to watch include potential impacts of climate change on agricultural yields, advancements in farming technology, government policies on agricultural subsidies, and changes in consumer demand driven by population growth and dietary shifts. Monitoring these factors will be crucial for stakeholders in the wheat market.
