The natural phosphates market size value per capita in India has shown significant fluctuations from 2013 to 2023. As of 2023, the value stands at $2.49 per capita, after declining from a peak of $3.24 in 2014. The market has experienced a consistent decline, with minor stabilizations observed around 2018 and 2019.
- The year-on-year variation was minimal between 2022 and 2023, maintaining stability after several years of decline since 2018.
- The compound annual growth rate (CAGR) over the last five years highlights an average annual decrease, marking a downturn in per capita value.
Future trends to watch include potential recovery patterns stimulated by agricultural advancements, government incentives for boosted fertilizer use, and global supply chain dynamics that may impact the market value per capita.
