Based on the provided data, the import of Ammonium Dihydrogenorthophosphate (Monoammonium Phosphate) to South Korea is projected to increase steadily from 2024 to 2028. The imports stood at 6.9445 million kilograms in 2024 and are expected to reach 7.7232 million kilograms by 2028. From 2025 onwards, we observe a year-on-year growth rate of around 2.9% to 3% annually, indicating a consistent upward trend.
In 2023, the volume of imports needs to be specified to calculate the exact variation percentages for the last two years. However, with 2024 as a reference year, subsequent years display a positive growth trajectory. The average compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 2.68%.
Future trends to watch for include the potential impacts of global agricultural demands, changes in domestic fertilizer application practices, and international trade policies. Additionally, innovations in sustainable farming and environmental regulations may also influence imports and overall market dynamics.
