The coconut oil production in Kenya stood steady at 3.0 thousand metric tons in 2023. Historical data reveals a peak at 4.0 thousand metric tons between 2014 and 2016, followed by a decline to 3.0 thousand metric tons in 2017, remaining mostly stable until slight fluctuation in 2020 and a recovery in 2021. The compound annual growth rate (CAGR) over the last five years is 0, indicating stagnation.
Looking forward, the forecast predicts a gradual decline, with year-on-year variations showing stabilization at -1.58% CAGR over the next five years, projecting a value of 2.69 thousand metric tons by 2028. This suggests a negative average annual change.
**Future Trends to Watch For:**
- Impact of climate change and environmental factors on coconut yields.
- Market demand shifts towards sustainable and organic products.
- Technological advancements in agricultural practices.
- Economic conditions affecting local and global market dynamics.
