The import of nitrogen to the UK is projected to gradually increase from 15.697 million cubic meters in 2024 to 17.233 million cubic meters in 2028. With the baseline standing at 15.3 million cubic meters in 2023, forecasts suggest a consistent upward trend over the next five years. The year-on-year growth rates highlight an average annual growth rate (CAGR) of approximately 2%. This indicates a steady increase in the demand for imported nitrogen, demonstrating positive momentum in the market.
Future trends to watch for:
- Technological advancements improving nitrogen usage efficiency, potentially affecting import needs.
- Policy changes related to environmental regulations impacting nitrogen production and importation.
- Shifts in global supply chains affecting availability and prices of nitrogen imports.