Based on the provided data, the forecasted export volume of distilled alcoholic beverages in Kenya is expected to increase steadily from 2024 to 2028. In 2023, the actual export volume was recorded at 17.0 Thousand Metric Tons. The year-on-year percentage variation shows a consistent growth rate of approximately 2.3% from 2024 to 2025, 1.7% from 2025 to 2026, 1.7% from 2026 to 2027, and 1.6% from 2027 to 2028. The compound annual growth rate (CAGR) over the period from 2024 to 2028 is approximately 1.8%, indicating a stable upward trend in export volumes over the next five years.
Future trends to watch for include:
- Potential changes in trade policies that could impact export volumes. - Fluctuations in global demand for distilled alcoholic beverages. - Currency exchange rates, which might affect the competitiveness of Kenyan exports. - Innovation and diversification within the distilled alcoholic beverage sector in Kenya that may drive additional growth.