The data on oilseed processing in Kenya shows a fluctuating yet generally steady trend from 2014 to 2023. Between 2022 and 2023, the year-on-year growth was 1.32%, with a compound annual growth rate (CAGR) of 0.26% over the past five years. From 2014 to 2018, the industry experienced some volatility, evidenced by yearly variations such as a decline of 1.39% in 2015 and a rise of 5.63% in 2016. Between 2019 and 2022, growth plateaued at 76.0 thousand metric tons. Moving forward, a modest annual growth rate at a CAGR of 0.26% is forecasted, leading to a volume of 78.0 thousand metric tons by 2028.
Future trends to watch for include:
- Potential technological advancements that could enhance processing efficiency.
- Changes in government policies affecting agriculture and trade.
- Market dynamics related to supply chain disruptions and global demand patterns.
