The import of Ammonium Sulphate to Brazil showed varied trends over the years. From 2013 to 2023, the values fluctuated with some significant changes. In 2023, the import volume stood at 2.5409 billion kilograms. Between 2022 and 2023, there was a year-on-year increase of 2.21%, while from 2021 to 2022, the increase was 2.31%. The Compound Annual Growth Rate (CAGR) for the last five years (2018-2023) was 1.80%, indicating a steady upward trend amid annual fluctuations.
For the future, from 2024 onwards, a slower yet consistent growth is forecasted with an expected CAGR of 1.69% over the next five years, which would result in an overall increase of 8.72% by 2028.
Future trends to watch for:
- Policy changes affecting agricultural imports in Brazil.
- Global market supply chain disruptions.
- Fluctuations in global fertilizer prices.
- Technological advancements in agricultural productivity.
