Forecast: Import of Anhydrous Ammonia to India

From 2013 to 2023, there has been an overall upward trend in the import of anhydrous ammonia to India, culminating at 2.8761 billion kilograms in 2023. Year-on-year variations indicate considerable volatility, particularly in 2018 with a 10.75% increase and 2020 with a 14.77% decrease. Comparatively, the last two years showcased a modest growth with 2.45% in 2022 and 2.35% in 2023. Over the past five years, the compound annual growth rate (CAGR) averaged 2.1%.

Future trends to watch for include:

  • Expected steady growth continuing into 2028, driven by demand expansion in agriculture and industrial applications.
  • A forecasted 5-year CAGR of 1.78% suggesting a more stable market environment.
  • Potential impacts of global supply chain disturbances and domestic policies on import volumes.

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