Forecast: Import of Nitrogenous Mineral or Chemical Fertilizers to India

The forecast for nitrogenous mineral or chemical fertilizer imports to India shows a gradual decline from $1.5208 billion in 2024 to $1.4945 billion by 2028. As of 2023, imports stood at $1.527 billion. Year-on-year variation indicates a steady decrease of approximately 0.45% annually. With a calculated compound annual growth rate (CAGR) of -0.43% over these five years, the trend reflects a slight decline in import values.

Future trends to consider:

• India's growing emphasis on sustainable agriculture could impact the demand for chemical fertilizers.
• Fluctuations in global fertilizer prices may influence import levels.
• Technological advancements in fertilizer production could alter future import needs.