Forecast: Import of Urea Including Aqueous Solution to India

The import of urea to India is predicted to experience a slight and consistent decline from 2024 to 2028, with values dropping from 1.3915 billion USD in 2024 to 1.3513 billion USD in 2028. Compared to 2023, these forecasted values reflect a gradual annual decrease with minor year-on-year variations. The compound annual growth rate (CAGR) for this period indicates a modest average decline, signaling a stable yet shrinking demand for imported urea over the next five years.

Future trends to watch for include:

  • Changes in domestic urea production capacity and government policies impacting import needs.
  • Fluctuations in global urea prices and trade dynamics.
  • Development of sustainable and alternative agricultural inputs reducing dependency on imported urea.

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