The forecast for the re-import of anhydrous ammonia to Canada indicates a progressive decline from $139.13 thousand in 2024 to $100.19 thousand by 2028. This downward trend translates into a year-on-year decrease of approximately 7-8% annually. The compound annual growth rate (CAGR) over this five-year period highlights an average decline of around 7.87% per year. As of 2023, the value stood higher before this projected decrease.
Future trends to watch for include:
- Shifts in global ammonia production and pricing dynamics.
- Impact of environmental regulations on ammonia production and re-importation.
- Technological advancements that may reduce dependency on ammonia re-imports.
