Forecast: Import of Animal or Vegetable Fertilizers to Chile

Based on the forecasted data, the import of animal or vegetable fertilizers to Chile is projected to increase steadily from 2024 to 2028. In 2023, the import volume stood at approximately 8.84 million kilograms. From 2024 to 2025, there is a year-on-year variation of approximately 4.7%. A similar upward trend can be observed from 2025 to 2026 with a 4.4% increase, from 2026 to 2027 with a 4.1% rise, and from 2027 to 2028 with a 3.9% increment. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 4.3%.

Future trends to watch for include the potential impacts of environmental policies on the import volumes, advancements in fertilizer technology influencing purchase patterns, and global supply chain dynamics which could affect prices and availability. Additionally, shifts in agricultural practices and crop types in Chile will play a significant role in determining the demand for animal or vegetable fertilizers.