The forecasted import of double salts and mixtures of calcium nitrate and ammonium nitrate to India shows a consistent year-on-year increase from 2024 to 2028. With the 2023 figure serving as a baseline, the data indicates incremental growth: an increase from 149.02 million kilograms in 2024 to 176.84 million kilograms by 2028. This represents a compound annual growth rate (CAGR) over the five-year period. Such steady growth suggests robust demand driven by India's agriculture sector.
Future trends to watch for include:
- Potential environmental regulations affecting the use and importation of chemical fertilizers.
- Developments in domestic production capabilities that might influence import levels.
- Geopolitical factors impacting trade agreements and cost of raw materials.
- Technological advancements in fertilizer composition enhancing efficiency and reducing demand for imports.