The import value of Potassium Chloride to the US is forecasted to follow a gradual upward trend from $2.8035 billion in 2024 to $2.8648 billion in 2028. This reflects an average annual increase of approximately 0.54% over the five-year period from 2024 to 2028. In 2023, the import value stood at $2.79 billion, indicating a modest rise in subsequent years.
The year-on-year growth rate shows consistently slight increments, reflecting a stable but slow-growing demand. The compound annual growth rate (CAGR) over these forecasted years remains moderate, suggesting a steady import trajectory without significant volatility.
Future trends to watch involve shifts in global agricultural demand, as potassium chloride is a key fertilizer component. Changes in US agricultural policies, international trade agreements, and potential market disruptions due to geopolitical factors could influence import levels. Monitoring these factors can provide insight into potential deviations from current forecasts.
