Forecast: Import of Fertilizers Containing Phosphorus and Potassium to India

In 2023, the import of fertilizers containing phosphorus and potassium to India was at a certain baseline level, with forecasted data suggesting a steady increase from 2024 onwards. Year-on-year growth is evident, with increases of approximately 4.2% in 2025, 4% in 2026, 3.7% in 2027, and 3.5% in 2028. Over this five-year period, the compound annual growth rate (CAGR) is about 3.8%, indicating a consistent upward trend in the import volumes.

Future trends to watch for:

• Changes in global supply chain dynamics, which could affect India's import needs.
• Policy shifts in agricultural subsidies or self-sufficiency programs impacting fertilizer demand.
• Technological advancements in agriculture, potentially reducing reliance on imports.