Bentonite production in Kenya has shown a general upward trend. From 2013 to 2023, production grew from 80 to 165 metric tons, showing significant annual variations and an overall positive trajectory. The highest year-on-year growth was 37.5% in 2014, while the most notable decline was a –13.57% drop in 2020. Over the last two years (2022-2023), there has been stable growth with year-on-year increases of 2.56% and 3.13%, respectively. The 5-year CAGR leading up to 2023 is 3.34%, indicating steady average annual growth.
Forecasts show a continued positive trend with an expected CAGR of 2.23% from 2024 to 2028, suggesting a gradual increase in production. For 2028, projections estimate production at 190.12 metric tons. This highlights a forecast growth rate of 11.64% over the next five years.
Future trends to watch for include:
• Advancements in extraction technology.
• Improvements in supply chain efficiencies.
• Potential impacts of environmental regulations on production practices.
• Shifts in market demand driven by industrial applications.