Forecasted annual consumption (in thousand metric tons):
2024: 13.16,
2025: 13.47,
2026: 13.79,
2027: 14.10,
2028: 14.40.
Year-on-year percentage variations:
- 2025: 2.37%
- 2026: 2.38%
- 2027: 2.25%
- 2028: 2.13%
Compound Annual Growth Rate (CAGR) from 2024 to 2028: 2.28%.
The steady growth in phosphorus fertilizer consumption, averaging 2.28% annually, suggests sustained agricultural demand and potential innovations in crop yield optimization. Future trends to monitor include advancements in eco-friendly fertilizers, shifts in agricultural practices, and potential regulatory changes impacting fertilizer use.
