The forecasted use of nitrogen fertilizer on crops in Mexico is set to increase steadily from 2024 onwards. In 2023, the use stood at 64.78 kilograms per hectare. The forecasted data shows a year-on-year increase of approximately 1.5% in 2024, with consistent increments of around 1.47% annually through 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is projected at 1.48%. This trend illustrates a gradual but consistent rise in nitrogen fertilizer application, reflecting ongoing efforts to boost agricultural productivity and crop yields.
Key future trends to watch for include:
- Technological advancements in fertilizer efficiency that may alter usage rates.
- Environmental regulations potentially influencing fertilizer application practices.
- Market demands and crop rotation practices impacting annual fertilizer needs.