Based on the data, phosphorus fertilizers consumption in Turkey has exhibited volatility. Recent trends show a year-on-year increase of 2.17% in 2023, following a 12.09% rise in 2022. The five-year compound annual growth rate (CAGR) stands at 6.85% leading into 2023. For 2028, the forecasted five-year CAGR is 1.56%, indicating an 8.03% overall growth. Trends from 2013 to 2028 suggest fluctuations with periods of significant growth and declines.
Future trends to monitor include market pricing of phosphorus, agricultural demand, policy changes, and developments in sustainable farming practices. These factors could significantly impact phosphorus fertilizer consumption in Turkey.
