Forecast: Fertilizer Consumption in Brazil

Forecasting fertilizer consumption in Brazil indicates a consistent increase over the next few years, with values projected to move from 384.01 kg/hectare in 2024 to 423.52 kg/hectare in 2028. From 2024 to 2025, consumption grows by approximately 2.59%, followed by 2.52% in 2026, then 2.44% in 2027, and finally 2.36% into 2028, presenting a decreasing growth trend. Starting in 2023, the compound annual growth rate (CAGR) over five years shows an average annual increase of around 2.48%.

Looking ahead, future trends to watch include the impact of global fertilizer prices, advancements in agricultural technology, and ecological regulations promoting sustainable practices, which may affect consumption patterns. Climate change and its influence on crop yields also remain crucial determinants for future fertilizer demand.