In 2023, Germany's import of chemical and fertilizer minerals was at a baseline level that, starting from 2024, begins a gradual decline. The forecasted data from 2024 to 2028 indicate a consistent drop in import volume from 1.4656 billion kilograms annually to 1.436 billion kilograms. This reflects a continuous annual decrease, culminating in a Compound Annual Growth Rate (CAGR) that illustrates a diminishing trend over five years.
Future trends to watch:
- Potential changes in agricultural practices that might affect fertiliser demand.
- Geopolitical influences on global supply chains and trade agreements influencing import dynamics.
- Technological advancements in fertiliser production could shift the reliance on imports.
- Environmental regulations pushing towards more sustainable and reduced use of chemical fertilizers.