Despite fluctuations in Kenya's cassava market volume over the past decade, the overall trend suggests moderate stabilization and gradual growth. In 2023, the market stood at 919.0 thousand metric tons, showing a 0.99% year-on-year increase. From 2019 to 2023, the compound annual growth rate (CAGR) has been -0.6%. Historical volatility included significant drops from 2014 to 2016 followed by a recovery, peaking in 2018. Growth trends in recent years have started to stabilize with minimal year-on-year variations, suggesting market maturity.
Looking forward, the forecasted data indicates a slow yet steady growth with a forecasted 5-year CAGR of approximately 0.72%, leading to a 3.66% total growth rate by 2028. Future trends to watch for include technological improvements in cassava farming, shifts in market demand, and potential government policy changes affecting agriculture.
