Import of Ammonium Dihydrogenorthophosphate (Monoammonium Phosphate) to India stood at 44.397 million USD in 2023. Forecasted data suggests a declining trend over the next five years: 2024 (39.175 million USD), 2025 (34.089 million USD), 2026 (29.104 million USD), 2027 (24.22 million USD), and 2028 (19.433 million USD).
Year-on-year variation shows a consistent negative growth:
2023 to 2024: -11.77%
2024 to 2025: -12.97%
2025 to 2026: -14.67%
2026 to 2027: -16.79%
2027 to 2028: -19.76%
Over a five-year period, the Compound Annual Growth Rate (CAGR) is expected to be approximately -14.43%, indicating a steady decline in import value.
Future trends to watch for include potential shifts in global supply chains, changes in agricultural policies, and technological advancements in phosphate production. Monitoring these factors will help assess future import values and market dynamics for Monoammonium Phosphate in India.
