In 2023, India's import of Diammonium Phosphate stood at 2.56 billion US dollars. The forecast for the years 2024 to 2028 shows a consistent upward trend with year-on-year increases as follows: 2024 (2.668 billion USD), 2025 (2.7113 billion USD), 2026 (2.7538 billion USD), 2027 (2.7954 billion USD), and 2028 (2.8362 billion USD). The compound annual growth rate (CAGR) from 2024 to 2028 is projected to average 1.6% per year.
Future trends to watch for:
- Potential shifts in global phosphate supply dynamics due to geopolitical or economic factors.
- India's domestic agricultural demand changes affecting import quantities.
- Developments in sustainable and alternative fertilizer solutions could influence import needs.
