In 2023, the import value of ammonium nitrate to India stood at 66.790 million USD. The forecasted data for the subsequent years show a consistent upward trend in imports: 67.995 million USD in 2024, 69.116 million USD in 2025, 70.215 million USD in 2026, 71.292 million USD in 2027, and 72.348 million USD in 2028. The year-on-year percentage variations are approximately 1.80% from 2024 to 2025, 1.59% from 2025 to 2026, 1.53% from 2026 to 2027, and 1.48% from 2027 to 2028. Over a five-year period, the compound annual growth rate (CAGR) is about 1.59%.
Future trends to watch for include the impact of changes in global supply chains, fluctuations in international nitrogen fertilizer prices, and India's domestic agricultural and industrial demand for ammonium nitrate. Monitoring regulatory changes and environmental policies will also be crucial in understanding future import patterns.
