Forecast: Chemical Fertilizers Production in China

The production of chemical fertilizers in China stood at 53.9 million metric tons in 2023. Over the past decade, there has been a general declining trend in production levels, with some fluctuations apparent. Production peaked in 2015 at 74.3 million metric tons before experiencing a sharp decline. - Year-on-year, the production dropped by 1.41% in 2023.- The compound annual growth rate (CAGR) over the last five years was slightly negative at approximately -0.065%.- Looking ahead, the forecasted data from 2023 to 2028 shows a continuous decline with a forecasted 5-year CAGR of -1.14% and an overall forecasted reduction of 5.59%.

Future trends to watch for in the chemical fertilizers market in China include advancements in sustainable agricultural practices, government regulations aiming to reduce excessive fertilizer use, and potential shifts towards organic fertilizers. These factors could further influence the production landscape.