Forecast: Groundnuts Demand in Kenya

The demand for groundnuts in Kenya shows a forecast of consistent demand at 36.0 Thousand Metric Tons for the years 2024 to 2026, followed by a slight decline to 35.0 Thousand Metric Tons in 2027 and 2028. This represents a year-on-year variation of 0% from 2024 to 2026 and a 2.78% decrease from 2026 to 2027. The Compound Annual Growth Rate (CAGR) over the five years from 2024 to 2028 indicates an average annual decline, considering the minor reduction in demand over time.

Future trends to watch for include:

  • Potential shifts in consumer preferences and dietary trends.
  • Changes in economic conditions that may affect purchasing power.
  • Climate and agricultural factors influencing groundnut production.
  • Trade policies and import/export dynamics impacting supply and prices.
  • Developments in technology and farming practices that could improve yield and supply.

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