The forecast for the import of Urea and Thiourea Resins to India, expressed in million kilograms, shows a consistent downward trend from 2024 to 2028, beginning at 2.4226 million kilograms in 2024 and declining to 2.3924 million kilograms by 2028. In 2023, the import volume was consistent with these figures, reflecting a slight year-on-year decrease that averages to a compounded annual growth rate (CAGR) of a small negative percentage over the 5-year forecast period.
Future trends to watch for include potential shifts in domestic production capabilities, changes in trade policies, and the impact of global demand fluctuations on the pricing and availability of Urea and Thiourea Resins in the international market.
