The forecast for fertilizer imports to India indicates a consistent increase from 2024 to 2028, starting at $5.7249 billion in 2024 and rising to $5.8542 billion by 2028. In 2023, imports were reportedly at $5.700 billion. The year-on-year growth rate suggests a steady climb, with slight percentages of approximately 0.58% from 2024 to 2025, and continuing in a similar range annually afterward. The compound annual growth rate (CAGR) over this five-year period is projected to be about 0.56%.
Future trends to watch include:
- Potential impacts of domestic policy changes on agricultural subsidies and fertilizer usage.
- Global fertilizer price fluctuations influenced by geopolitical tensions or supply chain changes.
- Technological advancements in sustainable agriculture potentially reducing dependency on imported fertilizers.
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