Forecast: Import of Nitrogen-Phosphorus-Potassium Fertilizers to Chile

Between 2013 and 2023, the import of nitrogen-phosphorus-potassium fertilizers to Chile experienced notable volatility with growth starting at 12.458 million kilograms in 2013, followed by a significant drop in 2014 by 39.32%. This trend reversed in the subsequent years, marked by notable rises, such as a 75.55% increase in 2019. The import volume stood at 23.811 million kilograms in 2023, indicating steady growth in recent years with a y-o-y increase of 4.33% and a 5-year CAGR of 12.91%.

Looking forward, forecasted data from 2024 to 2028 projects a moderate and steady annual increase, achieving a 5-year CAGR of 3.08%. By 2028, the import volume is expected to reach 28.975 million kilograms, reflecting a forecasted growth rate of 16.38% over this period.

Future trends to watch for:

• Fluctuations in global fertilizer prices influencing import volumes.
• Policies promoting local fertilizer production or substitutes.
• Agricultural demand trends in Chile impacting fertilizer imports.
• Environmental regulations affecting fertilizer usage and importation.