Forecast: Fertilizer Consumption in Australia

In 2023, fertilizer consumption in Australia stood at 83.25 kilograms per hectare of arable land. Starting from 2024, the forecasted data shows a steady but marginal increase in consumption rates, rising from 83.3 kg/ha in 2024 to 83.5 kg/ha in 2028. This indicates a consistent year-on-year increase of approximately 0.06% annually. Over a five-year period, this translates to a compound annual growth rate (CAGR) of around 0.06%.

Future Trends to Watch For:

  • Technological advancements in precision agriculture that could optimize fertilizer usage.
  • Environmental policies and sustainability initiatives influencing fertilizer demand.
  • Market and price fluctuations of raw materials used in fertilizers.
  • Shifts in crop patterns and types of arable land impacting overall fertilizer needs.

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