The import of urea into India is projected to increase steadily from 2024 to 2028, beginning at 6.0648 billion kilograms in 2024 and reaching 6.2069 billion kilograms by 2028. From the year 2023 to 2024, there was a noticeable increase. The year-on-year growth rate indicates moderate consistency with slight upward variation each year. Over a five-year span, the Compounded Annual Growth Rate (CAGR) demonstrates a low but stable growth pattern, suggesting a gradual incremental trend.
Future trends to monitor include the global urea supply chain dynamics, domestic production adjustments, and potential impacts of environmental policies on urea import needs. Watch for shifts in agricultural demand, which could affect import volumes significantly.
