Forecast: Import of Nitrogenous Mineral or Chemical Fertilizers to Chile

The import of nitrogenous mineral or chemical fertilizers to Chile is forecasted to grow steadily from 2024 to 2028, starting at 228.01 million USD in 2024 and reaching 233.5 million USD in 2028. In 2023, the actual value stood at 226.75 million USD. Over the last two years, the year-on-year variation shows an average increase of approximately 0.65%. The compound annual growth rate (CAGR) over the next five years is projected to be around 0.56% per year.

Future trends to watch for include:

• Global supply chain disruptions that could affect import prices and availability.
• Changes in agricultural practices and the implementation of sustainable farming techniques that might alter demand.
• Government policies and regulations concerning the use of chemical fertilizers and their environmental impacts.
• Fluctuations in exchange rates and international trade agreements that could influence import costs.