Forecast: Fertilizer Consumption in Kenya

In 2023, fertilizer consumption in Kenya stood at 65.57 kilograms per hectare of arable land. From the historical data, we observe notable variability, with major fluctuations in year-on-year changes. Looking at the recent trends over the last two years: there was a 4.46% increase in 2022, followed by a 3.49% increase in 2023. The compound annual growth rate (CAGR) for the past five years stands at 6.38%, reflecting a steady rise in consumption.

Future projections suggest modest growth, with a forecast 5-year CAGR of 2.44% and an overall 5-year growth rate of 12.81%. This indicates a stable yet slower rate of increase compared to the recent past.

Future trends to watch for:

• Impact of climate change on agricultural practices
• Government policies and subsidies targeting fertilizer use
• Adoption of sustainable farming methods
• Changes in global fertilizer prices and availability