The import of nitrogenous mineral or chemical fertilizers to Malaysia has shown a consistent declining trend from 2013 to 2023, with imports dropping from 480.06 million USD to 208.12 million USD. Each year, the industry experienced fluctuations and a general downward trajectory, depicting an annual average decrease of 3.38% over the last five years. The year-on-year variations display a pattern of decreasing imports, though specific years like 2017 and 2018 had slight increases. For the years following 2023, the forecast suggests a continuing decline, bringing the imports to 172.55 million USD by 2028, with a forecasted annual reduction rate of 2.97%, resulting in a cumulative decrease of 14% over five years.
Future trends to watch for include the impact of global supply chain dynamics, local agricultural policies, and advancements in fertilizer alternatives. A closer look should be given to the potential effects of sustainable agricultural practices and technological innovations that may influence the demand for traditional nitrogenous fertilizers in Malaysia.
