The palm oil import in Kenya stood at 1.03 million metric tons in 2023. Forecasted values indicate a steady increase, reaching 1.07 million metric tons in 2024, 1.1 in 2025, 1.14 in 2026, 1.18 in 2027, and 1.22 in 2028. This represents year-on-year growth rates of approximately 3.88% from 2023 to 2024, 2.8% from 2024 to 2025, 3.64% from 2025 to 2026, 3.51% from 2026 to 2027, and 3.39% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the forecast period (2024-2028) is around 3.45%.
Future trends to watch for include changes in global palm oil prices, potential trade agreements, and sustainability practices influencing sourcing and consumption. Additionally, domestic agricultural policies and economic conditions in Kenya will play significant roles in shaping the import volumes.
