In 2023, the palm oil supply in Kenya stood at 1.13 million metric tons. The forecasted data for the upcoming years shows a steady increase in supply: 1.16 million metric tons in 2024, 1.19 in 2025, 1.22 in 2026, 1.25 in 2027, and 1.28 in 2028. Yearly growth rates indicate a consistent upward trend:
- 2024: +2.65%
- 2025: +2.59%
- 2026: +2.52%
- 2027: +2.46%
- 2028: +2.40%
Over the last two years, the Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 2.52%, reflecting moderate but steady growth.
Future trends to watch for include the impact of climatic conditions on palm oil yields, government policies affecting agricultural practices, and the international market demand for palm oil, which could influence domestic supply positively or negatively. Furthermore, technological advancements in agricultural practices could foster higher productivity, contributing to the anticipated growth in supply.
