The UK's exports of food, beverages, and tobacco products to Kenya have shown a mixed but generally upward trend from 2013 to 2023, growing from $23.331 million to $37.739 million. Year-on-year variations highlight significant volatility, particularly with notable growth in 2016 (16.21%) and 2018 (21.03%). However, stabilization is evident in recent years, with a steady CAGR of 2.27% from 2019-2023. The forecast for 2024-2028 suggests a 5-year CAGR of 2.21%, projecting continued moderate growth leading to a value of $43.424 million in 2028.
Future trends to watch for include:
- The impact of trade agreements post-Brexit.
- Changes in Kenyan agricultural policies affecting import demand.
- Global economic uncertainties influencing market stability.