Forecast: Phosphate Fertilizer use on Crops in Angola

The use of phosphate fertilizers on crops in Angola has shown significant year-on-year fluctuations from 2013 to 2023. In 2023, the usage stood at 1.99 kg per hectare, with a moderate year-on-year increase of 2.05%. In the last two years (2022-2023), the annual growth has been relatively stable with minimal variation. The compound annual growth rate (CAGR) over the past five years (2018-2023) is 10.1%, indicating a steady upward trend in phosphate fertilizer usage.

Looking forward, forecasted data from 2024 to 2028 suggests a continued upward trajectory in phosphate fertilizer use, with an anticipated CAGR of 1.7% and a total growth rate of 8.78%. Monitoring future economic conditions, agricultural policies, and global fertilizer markets will be crucial in understanding and anticipating changes in fertilizer usage patterns in Angola.