In 2023, fertilizer consumption in Vietnam was at 433.23 kilograms per hectare of arable land. Forecasts for 2024 to 2028 indicate a gradual increase each year, with values ranging from 433.84 to 436.14 kilograms per hectare. Year-on-year variations show slight increases: 0.14% (2024), 0.14% (2025), 0.13% (2026), 0.13% (2027), and 0.12% (2028). The average annual growth rate (CAGR) over the five-year forecast period is 0.14%, reflecting a stable upward trend.
Future trends to watch for include potential impacts of climate change, technological advancements in agriculture, policy changes, and global market dynamics, which could influence fertilizer consumption patterns in Vietnam.
