Forecast: Chemical and Fertiliser Minerals Domestic Material Consumption in the UK

The forecast for the UK's chemical and fertilizer minerals domestic material consumption from 2024 to 2028 shows a gradual decline, with figures decreasing steadily from 3.19 to 3.04 million metric tons. This follows a period of fluctuation in recent years, with the consumption standing at 3.25 million metric tons in 2023. The year-on-year variations indicate a subtle downward trend, averaging around 1% decrease annually from 2024 onwards. The five-year Compound Annual Growth Rate (CAGR) reflects a consistent decline, suggesting reduced reliance or efficiency gains in material usage.

Future trends to watch for include:

• Shifts in agricultural practices or technology advancements that could further impact fertilizer demand.
• Regulatory changes in the UK’s environmental policies possibly affecting the chemical sector.
• Global market dynamics impacting domestic consumption as the UK navigates post-Brexit economic adjustments.