The import of phosphorus to India is forecasted to increase steadily from 2024 to 2028. Starting at $121.51 million in 2024, imports are expected to grow to $136.83 million by 2028. As of 2023, the value stood at $117.89 million. Year-on-year variations show a consistent increase of approximately 3-3.5% annually, indicating sustained demand. The compound annual growth rate (CAGR) over the five-year period is expected to be around 3.5%.
Future trends suggest monitoring global phosphorus supply chains, potential domestic policy changes regarding import tariffs, and technological advancements in phosphorus utilization within industries. These factors could impact import patterns and economic reliance on phosphorus imports.
