Key Market Indicators
Fertilizer production in India is expected to reach 50 million metric tons by 2026, increasing by 2.7% year on year on average. In 2021, the country was number two in the global ranking, with 42.8 million metric tons, behind Russia. India, Vietnam, and Indonesia took the second, third, and fourth spots, respectively. Indian fertilizer imports are forecast to reach 8.5 million metric tons by 2026, growing by 4% year on year on average. Over the last 14 years, demand has risen 19.6% year on year. India ranked sixth in 2021, with 6.6 million metric tons, behind Poland. Brazil, Spain, and Thailand took the second, third, and fourth spots, respectively. Exports of fertilizer from India are projected to reach 750,000 metric tons by 2026, increasing by 1.3% year on year on average. Since 2007, supply has decreased by 2.3% year on year. In 2021, the country was number 31, with 69,000 metric tons, overtaken by Canada. Norway, Belgium, and Finland took the second, third, and fourth spots, respectively.