The import of ammonium sulphate to the Philippines is forecasted to show a gradual decline from 2024 through 2028. Starting from a value of $65.151 million in 2024, the imports are expected to decrease to $62.399 million by 2028. This represents a clear downward trend in the import value of ammonium sulphate over the next five years. The year-on-year percentage variations show a consistent annual contraction, with the compound annual growth rate (CAGR) reflecting an overall negative trend.
Key Points:
- 2024: $65.151 million
- 2025: $64.442 million (a decrease of approximately 1.1%)
- 2026: $63.747 million (a decrease of approximately 1.1%)
- 2027: $63.066 million (a decrease of approximately 1.1%)
- 2028: $62.399 million (a decrease of approximately 1.1%)
Future trends to watch for include fluctuations in global supply chains, changes in agricultural policies, and evolving market demands for fertilizers. Additionally, advancements in alternative fertilizers and innovations in agricultural efficiency may impact the long-term import scenarios for ammonium sulphate in the Philippines.
