In 2023, the use of nitrogen fertilizer on crops in the Philippines stood at 69.1 kilograms per hectare. Forecasts for 2024 indicate a utilization of 70.19 kilograms per hectare, continuing an upward trend through 2028 where it is projected to reach 74.52 kilograms per hectare.
Year-on-year variations show consistent growth:- 2024 vs. 2023: 1.59%- 2025 vs. 2024: 1.58%- 2026 vs. 2025: 1.54%- 2027 vs. 2026: 1.49%- 2028 vs. 2027: 1.43%
This results in a calculated Compound Annual Growth Rate (CAGR) of approximately 1.53% over the five-year period from 2024 to 2028.
Future trends to watch for include potential advancements in agricultural technology, shifts in governmental agriculture policies, and economic factors affecting the affordability and availability of nitrogen fertilizers. Additionally, environmental concerns and sustainable farming practices may influence the overall demand and application rates of nitrogen fertilizers in the coming years.
