In 2023, the import of Ammonium Dihydrogenorthophosphate (Monoammonium Phosphate) to Mexico stood at 117 million kilograms. The forecasted data from 2024 to 2028 exhibit a consistent decrease in import volumes, with figures dropping from 116.09 million kilograms in 2024 to 113.35 million kilograms in 2028. Year-on-year variation shows a gradual decline, with percentage changes around -0.61% to -0.58%. Over the last two years, the trend also indicates a slight but steady reduction in imports. The Compound Annual Growth Rate (CAGR) over this five-year period, from 2024 to 2028, demonstrates an average annual decrease of approximately -0.61%.
Future trends to watch for include:
- Shifts in agricultural policies and subsidies affecting demand for fertilizers
- Global market prices and supply chain stability, especially from key exporting countries
- Potential growth in alternative fertilizers or organic farming reducing dependency on chemical fertilizers
- Technological advancements in fertilizer use efficiency which could impact overall import volumes
